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The UN's corporate-citizenship initiative, the Global Compact, has enrolled more than 1,800 corporations, which have agreed to support human rights, environmental protection, and noncorrupt business practices. Unfortunately, participation—particularly by US companies—has fallen short of expectations.
Some 40 percent of the compact's participants say that it had a good effect on their corporate citizenship, but hard work lies ahead to generate the insights and practical tools needed to implement its principles and to change the world's corporations for the better.
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In the current environment, costs are rising as price sensitivity increases. Six tactics can help companies get pricing right.
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