HBR On Strategy

Setting a Corporate Strategy for Social Good

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May 10, 2023
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INSIGHT

Doing-Good Economy

  • The "doing-good economy" includes nonprofits, businesses, and government agencies focused on social impact.
  • Millions work in this sector globally, making it a significant human achievement.
INSIGHT

Social Impact Integration Challenges

  • Consumers, employees, and investors are driving the integration of social impact into businesses.
  • However, this work is complex, as seen with the FTX scandal and WeWork's downfall.
ADVICE

Values First

  • Start with defining your values before choosing strategic tools.
  • Begin with existing ethical frameworks or personal values to create a foundation for your work.
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