The Magazine of Corporate Responsibility

Video: Companies Can’t Be Parasites Anymore

Stephen Miles, vice chairman of Heidrick & Struggles, the executive search firm, tells Big Think that the global financial crisis and the advent of the Internet age have transformed the relationship between business and stakeholders.

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2 Responses »

  1. Companies should re-establish the balance between economic development, sustainable environment and the social development in order to build the new society that we long for. Even though a gradual interest in Coporate Social Responsibility is appearing, as much in business circles as in social circles, the process is still slow. Please watch and share t5his documentary to help raise awareness!

  2. While I agree that the relationships between a buisness (and/or corporation) and its employees is always open to improvement, the 800 pound gorilla in the room is this - businesses are created for one purpose, to make money. Business per se is not a social endeavor (unless the business if created specifically as one, like a fraternal organization or club) and thereby holds no responsibility as a social entity. A business' purpose is to provide profit (or income, dividend, etc.) to those who hold a vested interest in it. As a prior business owner, I have NEVER hired or created a job for any of my employees because of their needs, I hired solely because I needed people to do the work I could not do myself. Furthermore, my business did not provide benefits like medical insurance (which is very expensive) because my employees needed or were "entitled" to it, it was offered as a way to attract the type of workers I required (i.e. stable, skilled, etc) and at considerable expense to my profit margin. This pervasive illusion of a "social contract" between business and workers is just that. No one is "owed" a job any more than they are "owed" a house, car, boat and trailer. I do agree, however, that internal relations in a business is essential to its success, and while it is important for companies to maintain a stable, productive workforce, it is not a social program for people to gather, and any political "social" constraints are not relevent to either its existance or continuance.

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