We may all struggle to find any positives among the devastation wreaked by Covid; yet 2020 proved to be the most important year in MI’s history and one that offers greater hopes for us all. First, the pandemic keeps reminding us just how much we are all part of one, whole, global system of humanity. […]
“…. the great test all countries will soon face is whether current feelings of common purpose will shape society after the crisis.” “Virus lays bare the frailty of the social contract – Radical reforms are required to forge a society that will work for all” FT Editorial Board, 3 April 2020 Coronavirus exit strategies can pave […]
This is Part 7 in our BRT Series – see parts 1, 2, 3, 4, 5, 6 It is a truism that management consultants can only be as good as the organizational context in which they work. This has been recognised for many years; see for example “Leadership and the Organizational Context: Like the Weather?”. […]
Part 6 in our continuing series on the implications of ‘BRT’– see parts 1, 2, 3, 4, 5 Critical observers have been monitoring the seismic tremors underneath business education for many years. Now, the high salaries for MBA alumni are even more questionable, since the Business Roundtable shifted the American capitalist paradigm, away from shareholders and quarterly profit figures, […]
“There is a climate change component to this…but there’s also a failure of management.” said Michael W. Wara, director, climate and energy policy program at Stanford University Pacific Gas & Electric (PG&E Corporation) came to widespread prominence in the 1990s after the company was found to have contaminated the water supply of local residents in […]
“It’s almost astonishing… (BRT are) in effect coming right out and saying, ‘We’ve been wrong for the last 20 years…some folks in the BRT are recognizing there’s something unsustainable about an economy that’s all about shareholder primacy. … it’s probably good politics on their part in addition to good economics.” Robert Hockett, Professor at Cornell Law […]
Paul Kearns, Lucy Dunnett and Stuart Woollard were delighted to run a half day workshop for a delegation from China, led by the senior team from Anhui Provincial Investment Group Holding Co. Ltd. The workshop, entitled “How Purpose, Culture & Human Management Systems Create Total Stakeholder Value (TSV)” covered key aspects of Organisational Maturity Rating […]
Have US CEOs finally shaken off the Friedman doctrine they subscribed to for nearly 50 years? They have certainly taken a bold step to legitimately grant themselves permission to put societal value first. They must, however, determine a common purpose and measure their progress. The Maturity Institute’s OMINDEX rates corporations to determine their Total Stakeholder […]
This is Part 1 in our BRT Series – see parts 2, 3, 4, 5, 6 Monday 19th August 2019 – mark it in your diary. It will forever be remembered as the day the world finally grew up, for the betterment of all humankind. It will be seen, in hindsight, as the day all of us were […]
A seminal discourse from Saker Nusseibeh, CEO, Hermes Investment Management The relationship between business and society is the focus of a recent interview (June 2019) between Saker Nusseibeh, CEO of Hermes Investment Management and Ioannis Ioannou of London Business School. In particular, Nusseibeh explains the crucial importance of integrating ESG factors (environment, social, governance) into […]