Word: impaction
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...schools that have participated since 2003. The number of electives with a social or environmental focus-- including courses that explore entrepreneurial solutions to social problems--has almost tripled among the 24 schools that have participated in every survey since 2001, from 137 to 468. Net Impact, a global network of M.B.A. students, graduates and professionals trying to find business-based solutions to change the world, has grown from 3,288 members in 2001 to 13,500 this year. "It really is a reflection of what's been changing within the nonprofit and philanthropic world," says Matt Dunne, the primary architect...
HOLLIDAY There's growing momentum. Enron and then the Sarbanes-Oxley law really made boards and management teams much more sensitive to their own impact, what they're doing and how they're perceived. All this has been a positive step in the right direction. Maybe it's not the most efficient way to get [reform], but I think overall [the Enron episode] made companies more responsible about what they're doing. Would people call that corporate social responsibility? Probably...
...decades, so crops have often been sold at a loss, leading many families to abandon their farms for a better life in the cities. "It's forcing families who have depended on coffee for income into destitution," says Matthew Aho, who is producing a documentary on Fair Trade's impact on Peruvian farmers...
...UNIVERSITY OF NOTRE DAME Seven of the nine required courses in the M.B.A. program address the social impact of business practices, and another class centers on ethics. Thirty faculty members are pursuing research on environmental and social impacts and ethics, and students start volunteering with nonprofits as soon as they arrive on campus...
...companies. That's because shares of small companies, whose price moves quickly with big trades, tend to quickly get too expensive. And since most funds have restrictions on the percentage of any one company they can own, with a small company even a smart pick has little impact...