Word: businessese
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Sitting on a bus in China last spring break, two Harvard students discovered that they were united by more than an interest in Asia—both shared a passion for entrepreneurship. By the end of the bus ride a partnership had been formed, and now the two have launched...
Josie Natori didn't set out to revolutionize the lingerie industry. She might easily have ended up with another business: McDonald's franchises ("They wouldn't let me open in Manhattan," Natori recalls) or antique furniture reproduction ("The chairs weighed more than I did") or even a car wash ("We...
Merck's vice president of external affairs, Jeff Sturchio, acknowledges that not everyone will buy in to the company's efforts. "People are entitled to their own views," he says. "There will always be people who are cynical about big corporations." And yet it is undeniable that Merck's work...
Merck's success in Botswana and similar CSR successes by other companies around the globe raise an interesting question: might businesses be better at aid than traditional NGOs and charities? There's reason to suppose they might be. After all, businesses the size of Merck are capable of marshaling greater...
TIME: Let's start with an example of a corporate citizenship program that works well. Pollitt: One we found very impressive was a project run by the large mining company Anglo American in South Africa. They set up a venture-capital fund for local black entrepreneurs who were setting up...