Comments on: Profit and social responsibility. Mutually exclusive? http://michaeldilauro.ca/2009/08/26/profit-and-social-responsibility-mutually-exclusive/ Tales from a life of counting money Sun, 15 Jan 2012 15:14:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: admin http://michaeldilauro.ca/2009/08/26/profit-and-social-responsibility-mutually-exclusive/comment-page-1/#comment-141 admin Sat, 20 Feb 2010 15:30:17 +0000 http://michaeldilauro.ca/?p=315#comment-141 Yes, I think (and I hope) that you're right. In fact, I wouldn't be surprise if that is one of the (unexpected) benefits or social media -- influencing businesses (including big business) to be more socially responsible. Thanks for your comment Yes, I think (and I hope) that you’re right.
In fact, I wouldn’t be surprise if that is one of the (unexpected) benefits or social media — influencing businesses (including big business) to be more socially responsible.

Thanks for your comment

]]> By: chernlai http://michaeldilauro.ca/2009/08/26/profit-and-social-responsibility-mutually-exclusive/comment-page-1/#comment-134 chernlai Sat, 20 Feb 2010 02:25:14 +0000 http://michaeldilauro.ca/?p=315#comment-134 I feel there is a slow movement going on where people are asking questions about their choices & considering more socially friendly alternatives. I feel there is a slow movement going on where people are asking questions about their choices & considering more socially friendly alternatives.

]]> By: Christopher http://michaeldilauro.ca/2009/08/26/profit-and-social-responsibility-mutually-exclusive/comment-page-1/#comment-48 Christopher Wed, 26 Aug 2009 13:14:18 +0000 http://michaeldilauro.ca/?p=315#comment-48 Things are changing. Consumers are moving away from mass media fed culture to more interesting in small, unique business. It's just that big business still has to wrap it's head around the Web 2.0 business model: value creation is not the same as wealth creation. Successful businesses create more value for their consumers in proportion to the wealth the acquire. And woe to the businesses that don't create value or just assume customers will take whatever they put out. It's now easier than ever for consumers to talk to each other (thing "United Breaks Guitars" on Youtube), and if a company screws up, everyone knows about it and spreads the word about the company. Things are changing. Consumers are moving away from mass media fed culture to more interesting in small, unique business.

It’s just that big business still has to wrap it’s head around the Web 2.0 business model: value creation is not the same as wealth creation. Successful businesses create more value for their consumers in proportion to the wealth the acquire. And woe to the businesses that don’t create value or just assume customers will take whatever they put out. It’s now easier than ever for consumers to talk to each other (thing “United Breaks Guitars” on Youtube), and if a company screws up, everyone knows about it and spreads the word about the company.

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