From Spare Change to Real Change: The Challenge For Business and Society with IBM's Stan Litow

For the EVOLution of Business

English - March 14, 2019 07:30 - 1 hour - 92 MB - ★★★★★ - 10 ratings
Business Society & Culture Philosophy conscious capitalism social entrepreneurship social enterprise business entrepreneurship positive psychology evolution triple bottom line sustainability Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Self-Managed Teams That Scale Culture and Maximize People with Bruce Peters of Beyond Teal

Next Episode: Building (and Living!) a Purposeful Brand with Michelle Roberts of Novus

[2:30] Changing the story of the role of business and society

i.e. In 1870, Macy's started offering health care to employees BEFORE government regulation, Hundreds of companies voluntarily offered paid vacation

[5:30] 1920 George Eastman gave 1/3 of personal stock holdings to employees (equivalent of $250 million in today's dollars)

[7:00] IBM insisted on integrated manufacturing plants in the American South in the 1950s

[10:00] The risk attached to the pushback against the capitalist system

[11:30] A recent California law requires at least one female board member - How should we balance regulation to inhibit bad behavior vs. incentivizing good behavior

[14:30] Incentivizing "conscious" supply chain spending and other ways to set the bar higher

[17:20] Responding to EPA regulations - Some companies spend money fighting the laws, others spending money innovating to meet/exceed the laws

[20:00] Investment advantage of investing in socially responsible companies

[22:00] Improving measurement tools for corporate social responsibility

[23:15] How voice recognition technology to teach kids to read led to patents and products that were sold to clients

[24:30] Recruitment and retention through corporate social responsibility at IBM

[27:10] Pathways in Technology Early College High Schools (P-TECH) pioneered by Stan at IBM

[34:30] Scaling P-TECH throughout the country through public private partnerships and engaging stakeholders

[38:30] "From spare change (checkbook philanthropy) to real change"

[39:15] Corporate Service Corps - How a business need to establish a globally culturally competent workforce to work on critical societal problems in developing countries - Retaining employees and building their skills, opening new markets while helping communities

[44:30] How JP Morgan used their resources and assets to help revitalize Detroit

[45:55] How Daniel Lubetzky at KIND improved society by advocating for government to update their nutritional regulations

[48:00] The secret to IBM's longevity - A commitment to continual change and commitment to unchanging core purpose and founding principles

[51:00] Being strategic about CSR - Finding out what your employees value and EVOLving your purpose and values

[54:30] Getting employee feedback and being open to listening to employees

[55:30] Why Chambers of Commerce should elevate the consciousness of their members - Breaking down silos between business, government and civil society

[59:15] What are the barriers to elevating the consciousness of business?

[1:01:00] Stan's ideas for the future of Corporate Social Responsibility