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Posts Tagged ‘Reputation Institute’

CSR Is More Valuable Than Ever…or Is It?

Everyone agrees that CSR efforts are extremely important for big-name corporate clients, right?

No, seriously: we don’t know the answer to that question, and it all comes back to the biggest challenge in the industry: drawing a solid line between point A and point $.

First: The results from data king Nielsen’s latest Global Survey on Corporate Social Responsibility have already inspired headlines about CSR cementing its place as a crucial element of the big name PR equation.

Its basic finding: 50% of consumers surveyed in 58 countries say they’re willing to pay more for goods and services from companies that have “implemented programs to give back to society.” That number increased in ¾ of the countries surveyed, rising 5% in total since 2011. And the “yes” votes were highest in the crucial under-30 demo.

No surprises there. The only finding that we didn’t expect is the 12-point increase in pro-CSR sentiment among the 40-45 demo. Seems like CSR’s value has become clearer to all parties, no?

Maybe.

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Are Corporate Social Responsibility Projects Worth the Money?

Yesterday’s Q&A concerned Teneshia Jackson-Warner‘s vision of a PR/marketing industry focused on “serving” rather than “selling”–or providing work that truly improves both the lives of a given brand’s customers and the communities in which they live.

It’s a tall order. Firms adopting Jackson-Warner’s model would move beyond corporate social responsibility (CSR) projects that are–let’s be honest–almost always designed to improve public perceptions of a brand rather than the lives of people touched by that brand.

These considerations leave us very interested in the most recent study conducted by the Reputation Institute, which asks whether CSR efforts are worth the time and money required. The study’s conclusion: In most cases, they’re probably not. As the Institute’s recent Forbes guest post puts it, CSR isn’t necessarily dead–it’s just “mismanaged.”

Interesting. How so?

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