Rising tensions between the U.S. and China, escalating turmoil in the Middle East, scrutiny over the climate-friendliness of the supply chain, and other similar issues are forcing companies into a new dilemma: how to manage business decisions that are driven not by profits nor a company’s own strategic planning but are based on moral and […]
6 Lessons from Companies That Shut Down Their Business in Russia Read More »
The murder of Brian Thompson — and the public’s reaction to it — shows that frustration with corporations has reached a fever pitch. We seem to have moved from a world of “I don’t trust you” to “I hate you,” and, many Americans feel a great antipathy toward capitalism and capitalists. This is due, in
The UnitedHealthcare CEO Shooting Should Be a Turning Point for Corporate America Read More »
Nothing is certain except death and taxes, the saying goes — but there’s another sure thing to add to that list: change. “The more we resist change, the more we suffer. There’s a phrase I like. It says, ‘Let go or be dragged,’” said Robert Waldinger, a professor of psychiatry at Harvard Medical School and
Can people change? Read More »
As companies navigate today’s complex business and geopolitical landscape, CFOs have seen risk management rise to the top of their priorities. They’re increasingly using scenario planning as a key tool to manage risk and strategically unlock new value-creation opportunities. This involves three approaches: 1) Being rigorous and cross-functional, integrating scenario planning into the company’s strategic
It’s Time for CFOs to Rethink Scenario Planning Read More »
The presence of long-tenured independent directors on corporate boards can be an effective governance mechanism that leads to greater performance and reduced exposure to outside risks. However, there is a need for balance. Boards should not have too many long-tenured directors, otherwise they risk entrenchment. Maintaining one or two is crucial for providing stability, knowledge,
Research: Why Your Board Should Include a Long-Tenured Director Read More »
AI’s rapid advancement has ignited enthusiasm about its potential to revolutionize corporate decision-making by substituting for expensive, fallible humans. But it’s naïve to believe that by gathering ever more data and feeding it to ever more powerful algorithms alone, businesses can uncover the truth, make the right decisions, and create value. We call this false
The Irreplaceable Value of Human Decision-Making in the Age of AI Read More »
HANNAH BATES: Welcome to HBR On Strategy, case studies and conversations with the world’s top business and management experts, hand-selected to help you unlock new ways of doing business. What does it take to succeed as a business an do well by your employees? Harvard Business School professor emeritus Mike Beer has studied firms who
How to Build Long-Term Social Value Read More »
HANNAH BATES: Welcome to HBR on Leadership, case studies and conversations with the world’s top business and management experts, hand-selected to help you unlock the best in those around you. What makes a leader truly effective? Is it about strategic vision, time management, decision making confidence? Robert Kaplan says the best leaders are exceptionally good
The Questions Leaders Need to Be Asking Themselves Read More »
Both campaigns agreed the presidential election was unprecedented with only an extremely narrow slice of the electorate up for grabs and the Democrats having to retool strategy and organization for a new candidate in the final stretch. And the thing that may have made the biggest difference was how and where you talked to undecided
How the presidency was won, lost Read More »
The roads, walkways, and collections throughout Harvard’s Arnold Arboretum bear the names of influential local philanthropists, landowners, and politicians. A new name, Flora, now joins the ranks of those being honored for their roles in shaping the history of the region. In October, the city of Boston approved changing Bussey Street, named after merchant Benjamin
Reckoning with past, striving for better future Read More »
