Harvard Business Review

JULY 3, 2018

Chamber of Commerce supports companies in developing circular economies (CEs), and China — like Europe — has developed policies and legislation around CEs. We are academics and practitioners focused on product recovery economics and life cycle asset management. The Three Approaches. Two Success Stories.

Policies 8

Policies Asset Management Cost Productivity 8

First Friday Book Synopsis

OCTOBER 8, 2011

Here is an excerpt from a profile of Joanna Cound (Managing Director, Government Affairs and Public Policy, BlackRock) written by Melissa J. Anderson (New York City) for The Glass Hammer, an online community designed for women executives in financial services, law and business.

Hammer 80

Hammer Policies Planning Execution 80

Strategy Driven

NOVEMBER 3, 2010

We are very concerned about the fact that women and minorities continue to be under-represented at the highest levels of management,” said Barbara J. StrategyDriven effective executives, efficient employees Home About The StrategyDriven Organization Our Company Our Contributors Karen K. Juliano Howard T. Dickens Jr.

Diversity 50

Diversity Newsletter Long-term Execution 50

Harvard Business Review

JUNE 13, 2012

Set clear policies. For enterprise risk management, key policies include a statement of risk appetite and explicit risk tolerance levels for critical risks. The company's performance measurement and incentive systems, and the degree to which risk management is considered, will also have a profound impact on employee behavior.

Management 12

Management Banking Committee Risk Management 12

Harvard Business Review

SEPTEMBER 20, 2017

In Japan several factors combine to help insulate managers from outside influence, including cross-holdings where the company owns shares in a partner firm, docile boards mostly composed of company executives, and a court system historically biased against investment funds. The jury is still out on Abe’s corporate governance reforms.

ROE 8

ROE Construction Hedge Policies 8

Harvard Business Review

MAY 30, 2013

Say-on-pay is part of a big shift in recent years toward giving professional money managers more tools to affect the governance of (and in some cases discipline the managers of) corporations. But it''s far from clear that professional money managers have what it takes to play the role of effective watchdog.

Hedge 8

Hedge Asset Management Incentives Outsourcing 8

Harvard Business Review

MAY 8, 2014

AllianceBernstein (AB), a $3 billion asset management company based in Manhattan, rates each of its 3,700 employees every year on both performance and potential. Only the arrival of a new CEO led to a change in the policy — and an eventual uptick in the company’s talent base and performance.

Human Capital 8

Human Capital How To Engineering Asset Management 8

Harvard Business Review

MAY 3, 2016

As an investor, I think about financial risk a lot, and I’ve become interested in using the tools of the investor’s trade in managing the large and small risks we face regularly. Steve Starr, the owner of Starr Real Estate in Austin, Texas, was worried that Eve, his commercial leasing manager, was becoming a problem.

Real Estate 8

Real Estate Apparel Absenteeism Reputation 8

Harvard Business Review

JANUARY 3, 2017

Financial asset managers have been out-price-cutting one another in exchange-traded funds in a bid to gain market share. But when managers reduce prices, a fundamental question sometimes goes unasked: Will customers notice and respond as expected? Price wars have broken out in consumer industries around the world.

Price 14

Price Retail Discount Tactics 14

Harvard Business Review

JANUARY 16, 2018

The market size for responsible investment is large and growing, with some of the largest asset managers like BlackRock , State Street Global Advisors , and Vanguard responding to demand by opening ESG-themed funds in recent years. According to US SIF , at the end of 2018 there was $8.72 BlackRock has gone even further.

Hedge 9

Hedge Long-term Short-term Letter 9

Harvard Business Review

DECEMBER 7, 2018

As a result, when making close calls on the company’s financial reports, that auditor may be too deferential to Nissan management. The purpose of a nominating committee is to assure that directors are selected on the basis of competence and independence, rather than friendliness to management.

Committee 8

Committee Chief Financial Officer Document Execution 8

Harvard Business Review

SEPTEMBER 24, 2014

In July, General Mills — nobody’s idea of a radical company — expanded the pro-climate lobbying group BICEP beyond the usual suspects (Nike, Starbucks, Ben & Jerry’s) to add a distinctly mainstream voice to the call for policies like a price on carbon. Kellogg’s officially joined the group yesterday as well.

IRR 8

IRR Energy Tips Commitment 8

Harvard Business Review

OCTOBER 24, 2016

But almost none of these institutional-investment giants have any policies in place for monitoring or engaging with the startups who are creating next-generation investment technologies. In September 2016 we undertook a survey of nearly 300 endowment and foundation managers. But right now that’s not happening.

Operations 8

Operations Intangible Assets Venture Capitalist Hedge 8

Harvard Business Review

MAY 9, 2012

For more than two years, we and others have been talking about the need to shift the prevailing view among managers, boards of directors and investors from "quarterly capitalism" to what we call "capitalism for the long term". The global financial markets are an extraordinary information processing engine.

Marketing 11

Marketing Power Short-term Long-term 11

Harvard Business Review

JANUARY 4, 2013

The field attracts the most students, enjoys the attention of policy-makers and journalists, and gains notice, both positive and negative, from other scientists.". "By almost any market test, economics is the premier social science," Stanford University economist Edward Lazear wrote just over a decade ago.

Tversky 12

Tversky Crisis Levitt Consensus 12

Harvard Business Review

JUNE 12, 2012

Ireland is not a role model for austerity policies, but rather a cautionary tale. Just like Ireland, Spain had a credit boom financed mostly with external debt, which meant that the balance sheets of their banks are now stuffed with bad debts as asset values collapse. Spain is now heading down the same path that bankrupted Ireland.

Real Estate 11

Real Estate Banking Construction Politics 11

Harvard Business Review

MARCH 28, 2018

Each year, BlackRock, the world’s largest asset manager, sends a much-anticipated letter to leading CEOs. Employees in defined contribution plans often do not have significant investing expertise and earn rates of return that are substantially below professionally managed pension plans. Phil Ashley/Getty Images.

Asset Management 10

Asset Management Crisis Cost Planning 10

Harvard Business Review

JUNE 14, 2013

This rush to upgrade, however, creates a challenge: large numbers of excess electronics must be managed and disposed of properly. During a recent IT asset disposal project for a large New York bank, a chain-of-custody audit revealed three computers were untracked. IT management Information & technology Risk management'

Risk Management 8

Risk Management Class Information Technology Banking 8

Harvard Business Review

APRIL 2, 2014

Others, most notably money managers and former Fama students Cliff Asness and John Liew in an epic Institutional Investor article , have done a lot recent to clarify how Fama’s ideas and Shiller’s can at least co-exist peacefully. It seems like the clearest practical lessons from this academic work have been in asset management.

CAPM 8

CAPM Discount Price Finance 8

Harvard Business Review

DECEMBER 20, 2011

The ongoing failure of policy at a global level (with the important exceptions of some successes/workarounds such as new mileage targets for cars and trucks and a carbon tax in Australia ). The best analysis of the resource scarcity mega-trend came from asset manager Jeremy Grantham.

Supply Chain 15

Supply Chain Apparel P&L Long-term 15

Harvard Business Review

JULY 2, 2015

The White House announced a policy change this week, allowing people on tours of the historic residence to take photos and post them to social media during their visits. Before you assume this new policy just means that the First Dogs’ social presence is about to skyrocket, look a bit closer. In part, this is a practical move.

Storytelling 8

Storytelling Brand Content Policies 8

Harvard Business Review

AUGUST 8, 2018

nonprofit organizations like the Heartland Capital Strategy Institute are bringing together institutional investors, private asset managers, and worker representatives to harness some of the $13 trillion of assets in workers’ pension funds to invest in worker-friendly businesses that offer good investment returns.

ESOP 12

ESOP Company Cooper IAM 12

Harvard Business Review

OCTOBER 12, 2017

Until a few years ago corporate managers heard only two complaints from institutional investors: that executive pay was excessive and that the company had an insufficient number of independent directors. Friedman’s rule has had a big impact on the way companies are managed. The impact extends to asset management companies.

Proposal 8

Proposal Objective Ethics Politics 8

Harvard Business Review

DECEMBER 18, 2012

A GreenBiz report indicated that progress had slowed or even regressed, but MIT and BCG also declared that sustainability had reached a "tipping point" with more companies putting sustainability "on the management agenda.". a backdoor approach to climate policy took over. In reality, both views were right. In the U.S.,

Supply Chain 10

Supply Chain Constraint P&L Energy 10