McKinsey is a consultancy that provides excellent reporting on many managment issues. You can easily access their reports, often at no cost. A recent McKinsey study entitled From Risk to Opportunity – how global executives view socio-political issues is worth a read. The report looks at corporate, NGO (non-governmental organizations) and other stakeholder perspectives on the role of companies in anticipating and responding to social-political issues. There is some surprising information:
Companies are seeing socio-political issues more as an opportunity than a risk – upside not downside. Compliance clearly isn’t the primary motivator for corporations to anticipate socio-political issues and manage these impacts.
Executives at NGOs are more pro-business than business itself with 70% of their representatives describing corporate contribution to the public good as positive…meanwhile…only 12% of business executives describe NGOs as pro-business and 56% consider NGOs anti-business.
The environment remains as a primary socio-political issue, with privacy and security of data still a priority. Next in line in priority are demand for healthier/safer products and healthcare and other benefits for employees.
The findings of this report may explain why corporations and NGOs are sometimes reluctant to collaborate. Yet, it looks like there is upside potential for that collaboration.