corporate scouting
(verb)
Seeking new talent for a business; isolating new employee potential.
Examples of corporate scouting in the following topics:
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Building a Diverse Workforce
- Therefore, it is a top priority for multinational corporations to develop a strong intercultural competence in their management and apply this competence to the human resource framework.
- Attracting a diverse workforce requires a corporate structure supportive of varying backgrounds and predispositions, as well as the internal resources and knowledge necessary to effectively identify with a variety of cultures.
- Headhunters and corporate scouting initiatives are also an important attribute of a well-designed diversity-recruitment initiative.
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Sourcing Technology
- Technology can be developed internally or isolated through technology scouting and then implemented through technology transfer.
- Technology scouting is essentially forecasting technological developments through information gathering.
- Technology scouts can either be internal employees or external consultants specifically designated to the task of researching developments in a particular technological field.
- Provide a corporate context to support or refute the acquisition of said technology.
- Illustrate the varying cost structures, licensing, and scouting procedures involved with technology sourcing
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Understanding Current Trends in Technology
- Organization - Utilizing an organized business structure or corporate framework, often through strategic business units (SBUs), provides substantial value in centralizing processes and assessing needs.
- Information - Scouting and assessing the current technological environment through extensive research teams is necessary to make the appropriate decisions (see "Sourcing Technology" and "Assessing Needs in Technology" within this Boundless segment).
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Assessing an Organization's Technological Needs
- Technology Forecasting - identifying applicable technologies for the company, potentially through scouting.
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Types of Social Responsibility: Philanthropy
- A company that practices corporate social responsibility (CSR) embraces responsibility for its actions and, through its activities, positively affects the environment, society, consumers, employees, communities, and other stakeholders.
- The roots of corporate philanthropy in the United States date back to the rise of industry in the 19th and early 20th century, when pioneering businessmen like Henry Ford and John D.
- Today, corporate philanthropy can involve donating funds, goods, or services to another organization or cause.
- For instance, many large arts organizations receive funding from corporations in completely different industries simply because their executives happen to love music and wish to support a local symphony.
- Since the early 2000's, corporations have sought to hold charities accountable for how they use donations.
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Types of Organizations
- Corporations can be either government-owned or owned by individuals.
- A non-government for-profit corporation is owned by its shareholders, who elect a board of directors to direct the corporation and hire its managerial staff.
- Perhaps the most popular type of organization is the corporation.
- A corporation is owned and controlled by its members.
- Corporate social responsibility (CSR), also called corporate conscience, is a form of corporate self-regulation integrated into a business model.
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Introduction to Corporate Social Responsibility
- Corporate social responsibility is a company's sense of obligation towards social and physical environments in which it operates.
- Corporate Social Responsibility (CSR), also referred to as corporate citizenship or socially responsible business, is a form of corporate self-regulation integrated into a business model.
- Recent incidents of ethics-based corporate scandals have also increased awareness of CSR.
- Corporate social responsibility may include philanthropic efforts such as charitable donations or programs that encourage employee volunteerism by providing paid time off for such activities.
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Differences in Messaging in For-Profit vs. Non-Profit Organizations
- The Girl Scouts of the USA are well known for selling cookies in order to generate funds.
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Arguments for and against Corporate Social Responsibility
- Corporate social responsibility, also referred to as CSR, can be described as embracing responsibility for a company's actions and encouraging a positive impact through its activities on the environment, consumers, employees, communities, and other stakeholders.
- Rather, CSR opponents believe that corporations benefit society best by distributing profits to owners, who can then make charitable donations or take other socially responsible actions as they see fit.
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Overview of Inputs to Strategic Planning
- In most corporations, there are several levels of management.
- It gives direction to corporate values, corporate culture, corporate goals, and corporate missions.
- Corporate strategy refers to the overarching strategy of the diversified firm.
- Each functional department attempts to do its part to meet overall corporate objectives, so to some extent their strategies are derived from broader corporate strategies.
- An SBU is treated as an internal profit center by corporate headquarters.