Here’s my bottom line. A straight to the point proposition. Would all this possibly suggest that corporate social responsibility that is linked to innovate function more financially beneficial than those oriented towards public relations, marketing, or say, human resources? I think that this paradigm points to a vision of strategy as innovation that may be enhanced through social engagement.
Strategy as social engagement and corporate social responsibility as innovation provides for a more harmonious relationship of business competition and social responsibility, thus creating a less volatile environment to navigate. - by Sam Tabar
Strategy as social engagement facilitates firms' learning about social and political circumstances that possibly has some kind of impact on the cost of features like resource bundles, activities, and routines and the expected return on strategy implementation. In summary, evolutionary economic theories of a firm lean towards a new approach to competitive strategy that is, I think, more compatible with corporate social responsibility.
From a management angle, this approach could incorporate two different aspects:
1.) Aligning corporate social responsibility with innovation
2.) Developing a strategy through more social engagement
Similar to Hewlett Packard’s collaboration with municipal governments, it's important to focus attention on social engagement. Corporate social responsibility can enhance the learning and adaption that are central to the strategy process. Strategy scholars are beginning to explore the idea of strategy aligned with corporate social responsibility through social engagement. Think of the social sector as a sort of beta testing site for innovation as it is related to what I think is best described as developing integrative strategies.
- by Sam Tabar
Efficiency is not a requirement for competitive advantage. Sources of business success, imagination, for example are sometimes not easily observed and can be hard to quantify. Competitive advantage comes through trial and error when perceptions are falsified. The main economic problem in this view is not resource allocation but effective adaption to change.
-By Sam Tabar
Strategy starts from search, testing, and learning about a firm’s resources and capabilities, how they might be deployed, and in what future context. Successful firms identify and exploit opportunities but the difference is that the search terrain is much broader. In this view, competition is a discovery process in which beliefs about resource values are continuously falsified and reformed as consumer choices expand and other elements of the business environment change.
- By Sam Tabar
Hedge fund recruiters are now looking to draw upon creative edges, innovative thinking, and people who can really take ownership of the alternative financial markets. For the unfamiliar, I thought I would give a quick overview on hedge funds and alternative investments.
The objective of a hedge fund from an investor’s standpoint is to produce higher returns in attempted independency of the traditional market. A great advantage is that they are not bound by the same kinds of regulations as mutual funds.
It really does pay off in the end to know a good attorney who has several years of experience and comprehensive knowledge of how this all works. Oh, and side note, some firms are really taking advantage of the lifting of the solicitation ban and getting ahead start on competitive advantage.
By Sam Tabar
The objective of the 2012 JOBS Act was to simplify capital fundraising initiatives of the American small business community to benefit employment increases. The JOBS Act amended information management systems to provide clarification on information dissemination rules to balance public transparency issues. In the past, transparency has never been pushed due to tight restrictions and regulations on investor eligibility. The JOBS legislation has made a significant impact on alternative investments, namely hedge fund management. It lifted some restrictions on public solicitations that have kept hedge fund investment opportunities from the general public. Nondisclosure and little SEC regulation of this secluded segment of assets trading were variables contributing to distrust and suspicion that have shadowed the relationship between government and Wall Street. With the JOBS Act comes a stronger need for legal expertise. - Sam Tabar
Social Startups are one way that the millennial generation is beginning to take economic circumstances into their own hands. A trend in social entrepreneurialism has been taking shape even before Mark Zuckerberg brought us Facebook. Now the millennial generation, having absorbed the recession and recovery, is starting to restore an American Dream where accountability matters.
Although the call for a corporate revolution that supports socially responsible business practices might sound fantastic, it is crucial to understand this new environment on both the client and business side. The term, "social startup" umbrellas a diverse range of business attributes and can take many forms from reducing green house emissions to advocating women's rights in the Sudan.
I personally took interest in the social startup, THINX. Before investing in a social startup or launching a social startup, you should consider that the bottom line for all parties is a clear vision of its purpose.
I am new to the site but really looking forward to getting involved. This seems like a great space and a wonderful platform for discussion, learning, swapping advice, and making new connections. Thanks everyone!