Op-Ed: Sustainability in the Context of Global Sourcing: A Long-Term View

The study, “Corporate Social Responsibility and Financial Performance: A Meta-analysis,” published by the University of New South Wales, University of Sydney and University of Iowa back in 2003, one of the most cited studies by prominent academic journals on the corporate social responsibility topic...

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Bibliographic Details
Published inSourcing Journal (Online)
Format Trade Publication Article
LanguageEnglish
Published New York Penske Business Corporation 22.07.2015
Subjects
Automation
Employees
Investments
Millennials
Social responsibility
Supply chain management
Sustainability
Trust
Workforce
New Zealand
Canada
Vietnam
United Kingdom > UK
United States > US
China
Japan
Brazil
France
Germany
India
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Summary:The study, “Corporate Social Responsibility and Financial Performance: A Meta-analysis,” published by the University of New South Wales, University of Sydney and University of Iowa back in 2003, one of the most cited studies by prominent academic journals on the corporate social responsibility topic, is an extensive analysis conducted on 52 studies integrating 30 years of research, including a total sample size of 33,878 observations on this subject. Since Millennials have voiced their interest and expectation for businesses to take active roles in addressing global issues, involving Millennials in social responsibility and sustainability initiatives is one way to keep them actively engaged at work. [...]to the conventional and labor-intensive manufacturing approach, the technology and automation method leads to much higher efficiency and output, thus lower per unit cost, within economies of scale.