The CSR Food for Thought series is a weekly roundup of relevant news from around the Web, presented to you in one bite-sized blog post. Follow us on Twitter for CSR news and trends throughout the week: @VM_Solutions.
Today’s business world is characterized by big, bold risks. The weirder the innovation, the bolder the idea, the more investors seem to clamor to buy a piece of the pie. Yet, when it comes to charity and philanthropy (in the corporate sector, as well), we are schooled to NEVER take risks, to never step outside the tried and true comfort zones. How will we ever innovate? We can all learn some things from Richard Branson, who has been as bold – and as successful – in the cause-driven sides of his businesses as he has with the profit margins.
Gone are the days when a company could buy into a pre-packaged, once-a-year cause campaign focused on a “sexy” issue like breast cancer or heart health, and call it a successful strategy. Companies are waking up to the need to align cause marketing with the promise of the company’s brand, and the relationship they have with consumers. This is impacting the way companies create partnerships with nonprofits, making these relationships longer, stronger and more strategic.
Spoiler alert: The secrets to effective employee engagement start with recruiting employees that are more likely to care about the issues you focus on (like sustainability), and then creating an environment that encourages them to be proactive, innovate, and be recognized for their contributions. This recap from the Sustainable Brands New Metrics ’14 event provides some specific strategies for doing this and increasing employee engagement and business success in the process.
Speaking of cause marketing, a great cause marketing campaign can be a very successful marketing tactic for companies to reach and connect with consumers – but it’s just the tip of the iceberg when it comes to the ways in which companies and nonprofits can work together. Bruce Burtch describes how building strong, lasting, strategic cross-sector partnerships can create disproportionately large benefits for the company, the cause, the community, and really the whole world. (Want to hear it from Bruce directly? Join us for a webinar on Wednesday, October 22nd!)