By Ernst Von Kimakowitz, M. Pirson, H. Spitzeck, C. Dierksmeier, W. Amann
An research into the foundations of humanistic administration which examines their threoretical advantages. on the way to show that humanistic principles additionally paintings in perform and will bring about actionable administration guidance it offers case reviews of the way companies achieve producing social worth while making money.
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A key determinant to creating “a better bank for a better society” was to mobilize others to adopt more sustainable practices. The management knew that they ABN AMRO REAL – A New Bank for a New Society 17 could not be as successful alone, but, by sharing corporate social responsibility with others, they could come closer to making their vision a reality. This meant, for example, that the bank would only engage with those customers who shared the same principles, otherwise those principles would be meaningless.
In 2002, AES went through a major retrenchment to deal with challenges due to the Californian power crisis in 2001, changing risk perceptions after the Enron crisis, the meltdown of the Argentine economy, and uncertainties after the September 11, 2001 terrorist attacks. ” As a result of a turnaround in management over more than 5 years in 2008 AES reported USD 16,070 million in sales and was included in the Fortune 500 (ranked 158), Standard & Poor’s 500, and Dow Jones Utilities listings. 5 percent of Utilities companies.
The four values at the heart of AES are integrity, fairness, social responsibility, and having “fun” at work (Bakke, 2005; Waterman, 1994). ” By carefully weighing all factors – ethical concerns, stakeholder interests, and societal needs – AES strives to act with integrity in all of its activities. AES Corporation – Serving People and Society ● ● ● 31 Fairness refers to being fair in the company’s relations with all stakeholders including employees, customers, suppliers, stockholders, governments, and the communities in which it operates.