Yale Program on Stakeholder Innovation and Management

On August 2019, the Business Roundtable (BRT) announced a revised "Statement on the Purpose of a Corporation". It was a significant shift away from its long-standing focus on maximizing shareholder value as the primary objective. Instead, the BRT emphasized a broader commitment to creating value for all stakeholders, including customers, employees, suppliers, communities, and shareholders. On the fifth anniversary of the BRT’s announcement, leaders of the Yale Program on Stakeholder Innovation and Management (Y-SIM) reflected on its impact and future implications. The discussion featured insights from Ravi Dhar and Edward A. Snyder, faculty leaders of Y-SIM; Jon Iwata, Y-SIM practice leader; Alan Murray, Y-SIM executive fellow and former Fortune Media CEO; and John Seifert, chairman of Y-SIM’s board of advisors. Read the full conversation here: https://lnkd.in/eGBFEzGW #businessroundtable #ceo #corporatepurpose

We are thrilled to announce that Jade Nguyen Strattner has joined our team as the new Managing Director of Yale’s Program on Stakeholder Innovation and Management. With her extensive experience in consulting and incubating new businesses at IBM, as well as at her startup, Jade is well-positioned to successfully lead our program into its next phase of growth.   Jade will collaborate with our Advisory Board, team, and faculty to align our vision and accelerate our progress. She will guide our strategic direction and help to translate academic research into practical applications and solutions.    Her expertise in driving innovation and passion for cultivating conscious company cultures will propel Y-SIM to drive even more meaningful impact–at Yale and beyond. #YSIM #StakeholderInnovation #YaleInnovation #StakeholderManagement 

Alan Murray, our new Executive Fellow, shares his perspective on our program and what motivated him to join.

Our advisory board member, Joseph Ucuzoglu, Deloitte Global CEO, recently visited Yale School of Management to share valuable insights with first-year MBA students as part of The Executive course's “CEO in Action” speaker series. During our engaging discussion, he shared his perspective on the evolving role of the CEO in today's multi-stakeholder business landscape, the leadership mindset of understanding diverse points of view, and overcoming tradeoff thinking when prioritizing shareholders and other stakeholders–especially by taking a long-term focus.    Joe’s insights provided valuable learning opportunities for our students, inspiring thoughtful reflection on the challenges and opportunities facing business leaders today. #Leadership #BusinessInsights #CEOinAction #YaleSOM #YSIM  

Our program welcomes Alan Murray, CEO of Fortune Media, as our inaugural Executive Fellow. Alan has decades of experience in business journalism and media leadership. He will provide valuable insights that will advance our program's thinking and research on stakeholder management.    “Alan has established himself as one of the most trusted and influential voices in business, journalism and public opinion,” says Jon Iwata, Y-SIM practice leader and lecturer at Yale School of Management. “For years, he has kept his finger on the pulse of CEOs as they navigate the new realities in which business operates. Our program and the SOM community will benefit greatly from his knowledge.”     #YSIM #StakeholderInnovation #BusinessLeadership #AlanMurray #ExecutiveFellowship #YaleSOM   

Our advisory board member Lisa Su, CEO of AMD, visited Yale School of Management as a part of The Executive course's “CEO in Action” speaker series to share her experience as the architect behind AMD’s rise from near-bankruptcy to one of the most valuable companies in the world.   Lisa spoke candidly about the changing role of the CEO, lessons from growing AMD to market leadership, her long-term approach to AI, and took questions from students.   The next “CEO in Action” discussion will be Maria Nicanor, director of Cooper Hewitt, Smithsonian Design Museum in New York, and Matthew Bershadker, President and CEO of the American Society for the Prevention of Cruelty to Animals (ASPCA) on April 29.

Last week, we pushed forward our collective thinking on how to integrate purpose and values into organization frameworks, something many CEOs cite as important but never learned in B-school. Together with our program, these esteemed academics are contributing to the evolution of this important topic.   Thank you to the esteemed speakers who presented at our Purpose and Values Academic Camp: R. Edward Freeman, University of Virginia Darden School of Business Raj Sisodia, Tecnológico de Monterrey Colin Mayer, Saïd Business School, University of Oxford CB Bhattacharya, University of Pittsburgh Katz Graduate School of Business Charles Dhanaraj, Georgia State University - J. Mack Robinson College of Business Rita McGrath, Columbia Business School Claudine Gartenberg, The Wharton School

Last week, we pushed forward our collective thinking on how to integrate purpose and values into organization frameworks, something many CEOs cite as important but never learned in B-school. Together with our program, these esteemed academics are contributing to the evolution of this important topic.   Thank you to the esteemed speakers who presented at our Purpose and Values Academic Camp: R. Edward Freeman, University of Virginia Darden School of Business Raj Sisodia, Tecnológico de Monterrey Colin Mayer, Saïd Business School, University of Oxford CB Bhattacharya, University of Pittsburgh Katz Graduate School of Business Charles Dhanaraj, Georgia State University - J. Mack Robinson College of Business Rita McGrath, Columbia Business School Claudine Gartenberg, The Wharton School

On April 12 we are hosting a Purpose and Values Academic Camp, convening seven of the top academic thought leaders in stakeholder management to explore how purpose and values embedded within organizational culture and strategy can drive stakeholder engagement, organizational growth, and performance.    As we learned from Y-SIM's research with over 100 CEO interviews, today's business leaders are seeking ways to move beyond words and aspirations to identify ways to operationalize purpose and values and to manage this across multiple stakeholders, both inside and outside of the organization. Through this event, we aim to convene some of the brightest minds to explore how new thinking in this area can help address the challenge of moving from idea to action.    Speakers at the event will include: R. Edward Freeman, University of Virginia Darden School of Business  Raj Sisodia, TECNOLÓGICO DE MONTERREY  Colin Mayer, Saïd Business School, University of Oxford  CB Bhattacharya, University of Pittsburgh Katz Graduate School of Business Charles Dhanaraj, Georgia State University - J. Mack Robinson College of Business  Rita McGrath, Columbia Business School Claudine Gartenberg, The Wharton School     Learn more at the link below:  https://lnkd.in/eYZwY2JQ    The findings from this event will be incorporated into the Yale SOM curriculum, providing our students with the latest insights on this relevant topic. Furthermore, we will share this information publicly with other institutions to contribute to the advancement of research and knowledge in the field.