Social Licence to Operate : Back in the Day!
In 1970, the economist Milton Friedman famously stated that:
The business of business is business.”
Explicit within this well-known quotation is the notion that an ethical business needs only to make profits and to obey the laws of the land. No other effort was required of a business in order to fulfil its real and perceived obligations.
But then it changed
Striking the right note
The structures and processes supporting the licence to operate should not be defensive, risk management tools. They should create a new relationship between business, government and society. Business, government and civil society owe their future wellbeing to more fully embrace the quest for a respectful affiliation. We are, indeed, living in a time when the business of business is everybody’s business.
James Forson is working with Synergy, Boréalis’ partner for the South African market. To learn more about managing social and environmental data in order to improve stakeholder engagement activities, don’t hesitate to reach out and contact us today!
Boréalis online stakeholder engagement software is used by organizations around the world to successfully engage stakeholders and secure social license to operate in a wide range of industry sectors. To request a free custom demo of our software, contact us.