TY - JOUR
T1 - How David Cooke implemented corporate social responsibility at Konica Minolta Australia
AU - Avery, Gayle
AU - Hooper, Narelle
PY - 2017
Y1 - 2017
N2 - Purpose: This interview demonstrates how CEOs can focus on CSR to engage the workforce and change the culture and performance of an organization. Design/methodology/approach: This article reports on an interview with Dr David Cooke, Managing Director of Konica Minolta Australia. Findings: By introducing CSR to the firm, and in particular pursuing the UN’s Sustainable Development Goal (SDG) #8 against human trafficking, the MD not only changed the management style and culture in the organization, but also enhanced commercial results. Performance improved across many measures: revenue, profit, market share in a declining marketplace, highest number of units placed into the Australian market, increasing prestige associated with the company’s brand, and becoming an employer of choice. Research limitations/implications: The findings are consistent with the literature on corporate sustainable investment, but further studies are needed to fully understand the processes involved in changing culture and improving performance via CSR. Practical implications: This interview clearly shows the steps that the new CEO took in radically changing the culture of his organization by adopting CSR extensively. Social implications: The power of business is vital to pursuing societal goals, and the case of Konica Minolta Australia demonstrates that doing so also benefits the company. Originality/value: This study clearly explains how a corporate culture was changed and performance enhanced through a strategy based on investment in social issues.
AB - Purpose: This interview demonstrates how CEOs can focus on CSR to engage the workforce and change the culture and performance of an organization. Design/methodology/approach: This article reports on an interview with Dr David Cooke, Managing Director of Konica Minolta Australia. Findings: By introducing CSR to the firm, and in particular pursuing the UN’s Sustainable Development Goal (SDG) #8 against human trafficking, the MD not only changed the management style and culture in the organization, but also enhanced commercial results. Performance improved across many measures: revenue, profit, market share in a declining marketplace, highest number of units placed into the Australian market, increasing prestige associated with the company’s brand, and becoming an employer of choice. Research limitations/implications: The findings are consistent with the literature on corporate sustainable investment, but further studies are needed to fully understand the processes involved in changing culture and improving performance via CSR. Practical implications: This interview clearly shows the steps that the new CEO took in radically changing the culture of his organization by adopting CSR extensively. Social implications: The power of business is vital to pursuing societal goals, and the case of Konica Minolta Australia demonstrates that doing so also benefits the company. Originality/value: This study clearly explains how a corporate culture was changed and performance enhanced through a strategy based on investment in social issues.
KW - Corporate social responsibility
KW - Culture change
KW - Firm performance
KW - Sustainable development goals
UR - http://www.scopus.com/inward/record.url?scp=85020520562&partnerID=8YFLogxK
U2 - 10.1108/SL-04-2017-0034
DO - 10.1108/SL-04-2017-0034
M3 - Other journal contribution
AN - SCOPUS:85020520562
SN - 1087-8572
VL - 45
SP - 38
EP - 44
JO - Strategy and Leadership
JF - Strategy and Leadership
IS - 3
ER -