Hayleys case study wins award
An international case study featuring Sri Lanka's Hayleys Group has
been adjudged the best in the Corporate Social Responsibility category
at the 2009 Case Writing Competition of the European Foundation for
Management Development (EFMD).
This is the top award in the five main European Awards categories at
EFMD's annual competition, which also recognises case studies in the
areas of Entrepreneurship, Family Business, Finance and Banking and
Supply Chain Management.
Produced by INSEAD, founded in 1957 and one of the world's leading
and largest graduate business schools, the case study examines how the
Hayleys Group has sought to align corporate responsibility with
sustainable business initiatives. It is now reading and discussion
material for students reading for Masters degrees in Business
Administration (MBAs) from INSEAD which has alumni in more than 160
countries.
Winning the EFMD award means that the case study and the Hayleys
Group will receive even wider international attention than initially
anticipated, Hayleys Chairman Mohan Pandithage said. This is
particularly valuable for Sri Lanka's corporate sector, as it highlights
to a global audience that there are Sri Lankan companies that merit
attention and even emulation. He acknowledged that while the quality of
the case study was attributable to its content, credit for the
thought-provoking presentation was due to the two INSEAD academics who
visited Sri Lanka and conducted an in-depth study of the Hayleys Group's
CSR practices and business strategies.
Comprising five different cases, the study examined the business
values and organisational culture of Hayleys PLC, the holding company of
the diversified conglomerate; the social and environmental
accountability practices of Hayleys MGT Knitting Mills; the eco-tourism
strategy of Hayleys; Jetwing Hotels; the Firstlight supply chain
initiative of Dipped Products PLC (DPL); and the Ethical Tea initiative
of Kelani Valley Plantations and its marketing associate Mabroc Teas.
The series examine how the four chosen Hayleys operating companies
sought to integrate corporate responsibility, sustainability
initiatives and business strategy to achieve their respective goals.
The case study was written by Mark Lee Hunter, Adjunct Professor and
Luk Van Wassenhove, Professor of Operations Management, the Henry Ford
Chaired Professor of Manufacturing and Academic Director of the INSEAD
Social Innovation Centre, who spent time in Sri Lanka for their field
research and interviews.
A multinational conglomerate whose Sri Lankan origins date back to
1878, Hayleys PLC has been thrice adjudged the country's best corporate
citizen. Rated a Business-to-Business (B2B) Superbrand among Sri Lanka's
diversified conglomerates, the Group employs more than 33,000 people,
and accounts for 2.3 percent of Sri Lanka's export income.
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