The voluntary approach to corporate social responsibility has failed in many cases.
Sentiment: NEGATIVE
In the business world today, failure is apparently not an option. We need to change this attitude toward failure - and celebrate the idea that only by falling on our collective business faces do we learn enough to succeed down the road.
Failing organizations are usually over-managed and under-led.
Many businesses fail because the owner wasn't willing to invest and wasn't educated on the difference between spending money frivolously and investing money into the business for growth, and the risks and rewards of that cash infusion.
Most businesses fail because they want the right things but measure the wrong things, and they get the wrong results.
All company bosses want a policy on corporate social responsibility. The positive effect is hard to quantify, but the negative consequences of a disaster are enormous.
In the business world, we can point to instances when a lack of integrity has bankrupted entire companies - in sectors as different as finance, telecommunications, manufacturing, and energy.
There is no failure except in no longer trying.
Failure is the most terrible thing in our business. When we fail, the whole world knows about it.
If you are going to make companies, corporations, actually responsible for the safety of other people's lives, then if they fail in their duty, the only thing to prevent them failing in their duty is the fear that they would be put behind bars.
Ultimately there is no such thing as failure. There are lessons learned in different ways.