Socially responsible business practices – including organic, fair trade, handmade, giving back, and going green – are becoming the norm for for-profit, as well as nonprofit, businesses. We’re committed to covering this side of small business with our weekly wrap-up of news affecting businesses that have embraced this socially responsible model, combining a for-profit business with nonprofit sensibilities.
Getting the Best
Businesses that are able to promote their good deeds and positive contributions to the community have the best chance at attracting the top talent, according to a report out of Canada. S.E. Gordon of the Globe and Mail wrote that organizations that can cite a record of philanthropy, pro bono service and/or a culture of social responsibility have an edge in attracting talented recruits to their work force. This is especially important when targeting the younger generation, which not only cares about the socially responsible practices of their employer, but also want to be personally involved in making that commitment a reality.
Socially responsible businesses looking for additional capital now have a new place to turn. BusinessNewsDaily writes about a program being launched by microlending website Kiva.org to raise awareness and understanding of the funds that are available to them. Kiva City will kick off in Detroit and continue to target some of the American cities ranked as the largest small business trouble spots. The program is a way to extend the branch network of microfinance institutions in the U.S.
What’s on the Label?
Shoppers are attracted to “Organic” and “Grown in the USA” labels when they’re browsing the aisles of the grocery store, according to a new research. Examiner.com’s Terri Bennett reports this week on the Eco Pulse 2011 survey, which found that 25 percent of respondents most want to see “100% Natural” or “All Natural” on their food labels, and 24 percent are looking for “USDA Organic” or “100% Organic.” In addition, the survey revealed 17 percent of U.S. consumers say they look for the label “Grown in the USA” and 15 percent prefer the label “No artificial flavors or preservatives”.
A business may be socially responsible, but what happens if its leader isn’t so virtuous? BusinessNewsDaily reports this week on a survey showing that nearly half of office workers said they have worked for an unreasonable boss at one time or another. The article identifies five common types of poor bosses, along with strategies for working with them.
One for One
In his first book, social entrepreneur Blake Mycoski, the founder of TOMS shoes, offers his own story of success, and explains how he was inspired to build a company that provided new shoes to children in need. This book expands on his one-for-one philosophy. For every copy of “Start Something that Matters” that’s purchased, his company will provide a new book to a child in need.
Read more socially responsible business tips HERE over on Business News Daily.
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