HBS Institute for Business in Global Society

Can businesses make money by being good citizens? Former Chief Justice of the Delaware Supreme Court Leo Strine Jr. thinks so. 💡 Here’s how: Make sure you are making money in the right way and in a high-integrity way. Make sure the communities you operate in are better off for your being there. For example: Pay taxes, contribute to local charities, and sell safe and quality products. Most importantly, pay close attention to how you treat your #stakeholders as this is directly correlated to how you are respected in the community. ⚖ Q&A with Leo Strine Jr. https://lnkd.in/eVzmSPZZ #HarvardBusinessSchool #CorporateLeadership #Business #BiGSVoices Wachtell, Lipton, Rosen & Katz

Business leaders might be generally aware of climate change and that the world is getting warmer. But whether they know how climate change will impact their business — supply chains, employee welfare, consumer markets — and what to do about it is an open question.   For one thing, companies have built their strategies and operational plans on the assumption that the Earth’s climate will remain relatively stable, as it has for the past 12,000 years.   But global warming has made the world’s weather events and their consequences increasingly unpredictable. Witness Hurricane Helene, which caused floods that devastated inland areas in North Carolina hundreds of miles from the coast. Or Hurricane Milton, which rapidly expanded into a Category 5 storm in a matter of hours and set off tornados throughout Florida when it struck land.    Lynn Schenk, director of the HBS Business and Environment Initiative at HBS, co-authored a recent article published in Harvard Business Review that lays out a 5-step process on how business leaders can better prepare for the unpredictable nature of climate change.   For example:   Determine which of your assumptions about climate stability impact your business success. Does access to fresh water at a certain predictable volume underpin your operations? Is shipping or receiving goods or materials fundamental to your business?   To read more about this and the other four steps, click here: https://lnkd.in/eqwyG9vS #climatechange #climatesolutions Harvard Business School #sustainability #businessstrategy

Harvard Business School's #BiGS is a global institute and intellectual hub where business leaders, academics, and policymakers unite to help business address societal issues. As we celebrate our 2nd anniversary, we're thrilled to share insights from the business leaders who have been part of this transformative journey. 🎥 Featured: Yusuf George, Burt Fealing, Aaron "Ronnie" Chatterji, Omar Vargas, Eric Dresselhuys #HBS #BusinessForGood #LeadershipInsights #SustainableBusiness #ThinkTank #Research #Thoughtleadership #EvolvingCapitalism #IntellectualHub

It's hard to believe it has been two years since we launched BiGS! We've accomplished so much since 2022 - and we're just getting started - but my favorite part has been the opportunity to build this organization with such a passionate and dedicated team. Debora Spar Amram Migdal Barbara DeLollis Mariana Castaneda Olivia Barba Sarah Gazzaniga

This month, we celebrate 2 years of the Institute for Business and Global Society (BiGS) at Harvard Business School! In just two years, #BiGS has: • Organized 5 leadership roundtables in Detroit (2x), Sao Paulo, Washington D.C., and Paris. • Built networks across business, civil society, and government. • Created a global knowledge hub providing research-based business intelligence. • Welcomed three cohorts of BiGS fellows focusing on racial equity and climate change. • Supported cutting-edge MBA courses and case development. For more on the BiGS impact, check out our 2023 Impact Report: https://lnkd.in/ebZGds63 As we look to the future, we remain committed to empowering business leaders, fostering inclusive capitalism, and driving meaningful change in business education and practice. Thank you to our team, fellows, HBS faculty, seminar speakers, event and communications partners, and supportive global community. Here's to many more years of impact! #HBS #BiGS #SocialImpact #EvolvedCapitalism #ChangingNarratives Thank you, HBS Race, Gender & Equity Initiative, HBS Business and Environment Initiative, Digital Data Design (D^3) Institute at Harvard, Harvard Business School, NobleReach™️, XFUND, HBS Research Center across Europe and Latin America, and many more!

Hot off the presses is my article for the HBS Institute for Business in Global Society on how November’s election will shape the U.S.-China relationship. What did I miss? One idea I’ve been thinking deeply about is assuming we can avoid direct conflict (my hope & expectation - far too much at stake), the competition between #China & the #US may actually accelerate the diffusion of critical #climate solutions. It’s gonna be messy (technical economics term) but two super-powers vying to lead the planet forward on #decarbonization could be the single most powerful driver we can imagine. Thanks for the many thoughtful inputs and poll responses to my pre-article post where you thought that the geo-political / military and national competitiveness areas (41% each) would be far more impacted than climate change collaboration (18%). After digging into all this deeply, the reality in that it’s almost impossible to separate out these three dimensions which highlights how complicated and critical it actually is. Please share any insights, ideas and articles I should know about to stay on top of it all - perhaps I’ll write another post in 12 months to see what’s happening…

The lines between politics and business are blurring, and women's rights are at the center of it all. Read our full analysis here 👉 https://lnkd.in/eA2sVarJ Our latest research reveals a major shift in workplace dynamics: • 2:1 workers prefer states where abortion is legal & accessible • 69% of workers prioritize caregiving & childcare support • 10X workers more likely to prefer states with paid family leave As #HBS Professor Sandra Sucher puts it: "This particular election has a starker choice than I think people have ever had. Employee lives are at stake in a way that [was] not actually that prominent in other elections. It's not as if companies have a choice to ignore this." The 2024 election isn't just about choosing leaders—it's reshaping how companies attract talent and retain customers. From #abortion access to #childcare benefits, businesses can no longer afford to stay neutral. How is your organization navigating this new landscape? #BusinessAndSociety #WomensRights #Families #Workplace2024 #HBSBiGS #2024Elections #Harris2024 #Trump2024

What should employers expect to follow from the US election? “Employee lives are at stake in a way that [was] not actually that prominent in other elections. It's not as if companies have a choice to ignore this, because the issues that are being debated are fundamental to the wellbeing of the employees who work for them., I said in an article that outlines important issues that employers will need to be prepared to address, regardless of who wins.

We are thrilled to congratulate Professor Daron Acemoglu of the Massachusetts Institute of Technology on winning the Nobel Memorial Prize in Economic Sciences! Acemoglu has been a huge contributor to the #BiGS mission and a valued part of our community. This prestigious recognition is a testament to his groundbreaking work and significant impact in the field of economics and research on global inequality. https://lnkd.in/eZXSecBN. #DaronAcemoglu #NYT #NobelPrize #NobelMemorialPrize #Economics #Inequality

Seeing diversity as an opportunity for impact and financial success, rather than a challenge, is core to Sarah Kaplan's worldview. Kaplan, a distinguished professor of gender and the economy at the University of Toronto's Rotman School of Management, joins our institute at Harvard Business School to encourage leaders to reframe their thinking around diversity, lest they get left "behind the eight ball." Take Kaplan's example of McCarthy Uniforms: A new #CEO is tasked with turning the company around in four years. She discovers that the company is selling school uniforms with the hems undone, assuming that parents (specifically, mothers) will have time to hem them. Realizing that this is an unrealistic and gendered expectation, McCarthy Uniforms begins selling hem tape to eliminate the need for time-consuming sewing. Can you guess how quickly the CEO was able to save the company when she evaluated product strategy through the lens of #gender #inclusivity? #GenderEquality #DEI #Inclusion #Diversity #Sustainability #Business #Innovation #Inequality #Race #Equity HBS Race, Gender & Equity Initiative | Institute for Gender and the Economy