In this section:

The following are references to reports or papers on economic matters that Ron thinks would be of general interest to all but specific interest to many of his students.

June 5, 2014

Stages of Corporate Responsibility Maturity

Ron published a new paper with Prof David Grayson.

The Doughty Centre for Corporate Responsibility has just published a new Occasional Paper: Business Critical: Understanding a Company’s Current and Desired Stages of Corporate Maturity” by Ron Ainsbury and David Grayson. Legal & General sponsored and contributed to the research for this paper, as well as hosting the launch event on 21 May 2014 at their London headquarters. Graham Precey, Head of Corporate Responsibility and Ethics, Legal and General Group plc wrote the foreword to the paper.

Various academic authors and practitioner experts have described Stages of Corporate Responsibility Maturity. The position of a business in these Stages of Maturity depends on mindset, which is based on elements such as its time-horizon, focus, outlook, attitudes to transparency and relationships (accountability), collaboration, and business model. This in turn influences business purpose, strategy, organisation, policies and practices; and ultimately performance. This new Occasional Paper examines these as a company evolves through Stages of Maturity, along with potential triggers to evolve which, in future, may be linked increasingly to organisational resilience and to performance. Maturity models can help organisations to transform themselves. They can be a tool for boards and senior management teams to help identify where their business now is, where it would like to be and stimulate thinking about how to get there.

The paper presents a series of working hypotheses to be tested and debated. The authors invite feedback, comments, challenges, questions and, examples.

August 3, 2012

The Economist Big Mac Index

THIS time round our Big Mac index looks at changes since global money-markets seized up in the summer of 2007. The index is based on the theory of purchasing-power parity, which says that exchange rates should eventually adjust to make the price of a basket of goods the same in each country. Our basket contains just one item: the Big Mac hamburger.