Global Entrepreneurs Need New Funding Models

Harvard Business Review

Entrepreneurship seems to have become the silver bullet for a job-scarce, unemployment-saddled global economy still struggling to shake off recession. and] a serious constraint on efforts to promote strong and sustainable global recovery.". In January, Oxfam announced it would team with the asset manager Symbiotics to launch the Small Enterprise Impact Investment Fund (SEIFF), based in Luxembourg. Entrepreneurship Finance Global business SEIFF

2020 Top CHRO List – The People Leaders To Watch

N2Growth Blog

We find ourselves amidst the challenges of living and working in a triple-threat world of a global pandemic, economic instability, and political unrest. Leading a global workforce of more than 840,000 people is not for the faint of heart. and a development manager at Oracle Corp.

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Why It’s Time to Finally Worry about ESG

Harvard Business

Robert Eccles, a visiting professor of management practice at Saïd Business School at the University of Oxford, says that the global investment community’s interest in environmental, social, and governance (ESG) issues has finally reached a tipping point. Large asset management firms and pensions funds are now pressuring corporate leaders to improve sustainability practices in material ways that both benefit their firms’ bottom line and create broader impact.

Married BlackRock executive fired for failing to disclose office romance

HR Digest

trillion asset management company, have been let go. Earlier this week, Mark Wiseman, global head of active equities was asked to leave the firm for failing to disclose his relationship with an employee reporting directly to him.

Six Ways to See the World through New Lenses—and Lead More Effectively

Leading Blog

Senior managers at Allianz Global Investors, a global asset management company, attended a workshop called Dialogue in the Dark, led by visually impaired trainers who conducted the entire workshop in total darkness. When Alan Mulally took over as CEO of Ford, the company was losing market share and facing deep losses because of increased competition and globalization.

Protecting Your Business’s Brand

Strategy Driven

Manage your digital assets. Today, a lot of a business’s brand can be found online and wrapped up in all of its digital assets, i.e. all the things that exist online that your business has a right to use, such as photos, logos, presentations, etc. So, digital asset management is important. It is important that you manage your assets and know exactly where they are and how they are being used at all times. Always think globally.

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One Big Reason There’s So Little Competition Among U.S. Banks

Harvard Business

Basically, a handful of asset management firms have become the most powerful shareholders of the nation’s largest banks. This collective flood of individual investment has turned asset management companies into ginormous shareholders. BlackRock alone manages about $4.7 trillion in assets. Indeed, the asset management firms engage with hundreds of companies each year to discuss matters of strategic importance, including product market strategies.

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Rethinking Sustainability in Light of the EU’s New Circular Economy Policy

Harvard Business

We are academics and practitioners focused on product recovery economics and life cycle asset management. We began collaborating when we recognized how interlaced asset management and product recovery were in textbook CEs. Our combined skill sets (academic expertise on leasing, the choice of modularity and refurbishing, and practical expertise on asset management and product recovery) allowed us to identify three approaches to breaking through.

Retain Talent Through a Concrete Corporate Culture

Coaching Tip

Moreover, attracting and retaining talent is “at the top of the agenda” for CEOs, according to the 2011 Annual Global CEO Survey by PricewaterhouseCoopers. So, Kahler Slater , a global design enterprise, set out to study the physical environments of the Best Companies to Work For® in America: 150 organizations—small, medium, and large—recognized by the Great Place to Work® Institute. By Barbara T. Armstrong. Who says corporate culture isn’t concrete? Not America’s best workplaces.

Top destinations to pursue accounting courses

Strategy Driven

This can give you an advantage in a range of careers, such as investment banking , asset management and insurance departments in business organisations. Professional Development business management strategydriven Study Abroad

Spain Is Now Making Ireland's Mistakes

Harvard Business Review

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. And yet in the run up to the collapse in 2007, the combined asset footprint of the three main Irish banks was around 400 percent of GDP. In Ireland a National Asset Management Agency was formed to cleanse private banks' balance sheets and disburse the bad loans over a longer period.

Can Index Funds Be a Force for Sustainable Capitalism?

Harvard Business

It is tough to beat the market and over long periods of time indexing has been shown to outperform most active managers. On the other side, fans of active management see it as a trend that can damage market efficiency and lead to distortions in market prices. First, large index asset managers, such as Blackrock, State Street, and Vanguard. Third, large pension funds such as GPIF, Norges Bank Investment Management, AP, and New York Common Retirement Fund.

Can Insurance Companies Incentivize Their Customers to Be Healthier?

Harvard Business

In addition to using this shared-value approach in its wholly owned South African and UK businesses, Discovery has established a global network of insurance partners that employ it, including John Hancock Financial (U.S.), Such examples are featured in FSG’s new research on shared value in the insurance sector, along with efforts by sector leaders to reach more underserved customers with insurance and better leverage their asset management side to create the context for prevention.

It’s Time to Tie Executive Compensation to Sustainability

Harvard Business

It isn’t just about limiting downside risk; the company can also create profitable new products and services to address the urgent global needs such as those associated with scarce water supplies, hunger, and greenhouse gas emissions. Five years ago a global consumer products company made a bold commitment to phase out all greenhouse gas emissions from its plants by 2037. Neasden Control Centre for HBR. Despite conflicting messages about climate change from U.S.

Why an Activist Hedge Fund Cares Whether Apple’s Devices Are Bad for Kids

Harvard Business

But CalSTRS is one of the world’s leading asset owners on the importance of integrating environmental, social, and governance (ESG) issues into investment decisions — investing as a way of maximizing returns while making the world a better place — so why would it be interested in partnering with an activist hedge fund? trillion in sustainable and impact investing strategies, representing one out of every five dollars being professionally managed.

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Japan Is Counting on Shareholder Activism to Improve Its Economy

Harvard Business

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. Rather than berating management publicly, these funds have led quiet discussions behind closed doors. Pioneer funds of this approach include Asuka Value-up, Taiyo Pacific, and Simplex Asset Management.

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Startups Could Fundamentally Change the Way Big Investors Operate

Harvard Business

The success of institutional-investment firms is socioeconomically vital: Their task is to grow the financial assets needed to fund retirements, development, education, scientific research, and many other capabilities associated with pensions, endowments, foundations, sovereign wealth funds, and the like. In September 2016 we undertook a survey of nearly 300 endowment and foundation managers. Innovation has the potential to transform the investment industry.

Carlos Ghosn, Nissan, and the Need for Stronger Corporate Governance in Japan

Harvard Business

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. If that happens, it would give shareholders a better chance of holding management accountable for serious executive misconduct or poor company performance. Westend61/Getty Images.

Why the U.S. Needs More Worker-Owned Companies

Harvard Business

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. The biggest difference is that workers have an important say in who manages them and how profits align with values. Klaus Meinhardt/Getty Images.

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How Accounting Can Help Build a Sustainable Economy

Harvard Business Review

Eccles , a professor of management practice at Harvard Business School points out, that’s not because these issues don’t have financial consequences. Eccles, a mathematician by training and one of the foremost experts in corporate reporting, has for the past five years been working to create sustainability accounting standards for the investment community (he is also the chairman of ESG asset management firm Arabesque Partners).

How Cloud Computing Is Changing Management

Harvard Business

Theories and practices of management often spring from the opportunities created by new technologies. Client-server technology begat enterprise resource planning systems, and the consequent system-wide visibility that was required for what we call business process management (BPM). That makes it imperative to start thinking about how management will be changed by the most impactful information technology of our time: cloud computing. yagi studio/Getty Images.

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How to Fix Financial Capitalism? Focus on Ethics

Harvard Business Review

These were among the questions addressed at a luncheon in New York convened by CFA Institute President John Rogers with financial industry leaders that included representatives from private and not-for-profit asset managers, public pension funds, insurance companies, and diversified financial services firms. The organization has developed an Asset Manager Code of Professional Conduct , which more than 700 firms have adopted.

Corporate Diversity Still Coming Up Short for Women

Strategy Driven

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. Without a pipeline of female and minority executives in highly-paid, highly responsible positions, it will be very difficult to achieve board diversity, which is critical to strong governance and good management.”

The 3 Essential Jobs That Most Retention Programs Ignore

Harvard Business

For example, in 2009 professors Brian Becker, Mark Huselid, and Richard Beatty estimated that in most companies less than 15% of jobs are what they call strategic positions and said management should focus “disproportionate investments” on finding A players for those jobs. Although long ignored, these middle management positions have become increasingly recognized as critical to executing a company’s strategy. Talent management Developing employees Digital Articl

How Companies, Governments, and Nonprofits Can Create Social Change Together

Harvard Business

In 2016, socially responsible investing made up more than one out of every four invested dollars under professional management. And recently, the head of BlackRock, the world’s largest asset manager, called on all companies to explain how their businesses make “a positive contribution to society” beyond just financial performance. Manage people effectively through decentralized teams across organizations. Ilka & Franz/Getty Images.

Seven Ways CEOs and Investors Can Promote the Long Term

Harvard Business Review

Not long ago, the chief executive of a global telecommunications firm shared with me his frustration that "even in a meeting with the CEO, most institutional investors seek only granular data points to plug into their models. For example, an Asian sovereign wealth fund with sizable stakes in several financial institutions globally employs a 20-year time horizon when making investment decisions. Asset owners should build in-house investment capabilities whenever possible.

It's Time to Rethink Continuous Improvement

Harvard Business Review

As Fujio Ando, senior managing director at Chibagin Asset Management suggests, "Japan's consumer electronics industry is facing defeat. As innovation thinker Vijay Govindarajan says , "The more you hardwire a company on total quality management, [the more] it is going to hurt breakthrough innovation. A data-driven mindset may encourage managers to ignore intuition or anomalous data that doesn't fit preconceived notions.

7 Ways to Improve Employee Development Programs

Harvard Business Review

Ignite managers’ passion to coach their employees. Historically, managers passed on knowledge, skills, and insights through coaching and mentoring. But in our more global, complex, and competitive world, the role of the manager has eroded. Managers are now overburdened with responsibilities. Organizations need to support and incentivize managers to perform this work. Coaching Developing employees Human resource management Article

CEOs Can Attract Long-Term Investors

Harvard Business Review

Volatility has returned to global markets, and consumer and business confidence is once again slipping. But three years after the financial crisis broke, I remain more convinced than ever that the fundamental cure for restoring economic growth and repairing societal trust in business is to deepen our ability to manage companies for the long term. Here again, CEOs can and should manage that process actively.

Universities Are Missing Out on an Explosive Growth Sector: Their Own

Harvard Business Review

One representative example: April’s Education Innovation Summit , where more than 2,000 people energetically discussed how technology and markets are charting the future of education globally. One outside manager of many endowments I spoke to confirmed to me that there has been “no mandate” from clients to be investing in the future of higher education. “I Those who manage money for higher education, I propose, need to get much more interested in the market they are in.

Two Forces Moving Business Closer to Climate Action

Harvard Business Review

Treasury Secretaries Paulson and Rubin joined New York Mayor Michael Bloomberg in issuing the Risky Business Report , a pithy, hard-hitting look at how much climate change is “already costing local economies” billions and the hundreds of billions of assets and property at risk in the coming years. Even those hippies over at asset manager Lazard calculate that the cost of solar PV technologies has dropped nearly 80% in five years.

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Five House Rules for Managing Risky Behavior

Harvard Business Review

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. The board and management are in place to provide leadership and oversight. MORE ON MANAGING RISKY BEHAVIORS. Manage Risk Like a Royal Marine.

The “40-Year-Old Intern” Goes to Wall Street

Harvard Business Review

Morgan Asset Management’s Head of Diversity Gordon Cooper told me his firm is now introducing a Legal ReEntry Program. (In “This talent pool is especially strong, and we expect our Return to Work Program to uncover some exceptional individuals who will contribute greatly to the Firm,” says Susan Reid, Morgan Stanley’s Global Head of Diversity and Inclusion. As one hiring manager commented “I wish I could hire everyone this way.”

How to Give Negative Feedback When Your Organization Is “Nice”

Harvard Business Review

I was meeting with a client last week, the CEO of a global asset management firm. Edgar Schein, the renowned expert on organizational culture and professor emeritus at the MIT Sloan School of Management, says that once cultural norms such as not giving feedback are established, it’s easier for people to resist change “by denial, projection, rationalization, or various other defense mechanisms” than to change their behavior.

6 Ways to Turn Managers into Coaches Again

Harvard Business Review

The role of the manager is currently undergoing a transformation. Historically, managers embraced the role of coach and mentor. Through informal conversations during the commute to work, over a coffee break, or while enjoying a burger after hours, managers passed along crucial information and knowledge about the organization’s culture. This erosion in the role of the manager has not gone unnoticed. Leadership & Managing people Coaching Article

Making Sense of the Many Kinds of Impact Investing

Harvard Business Review

According to the Global Impact Investing Network, the market for impact capital, currently sized at $60 billion, could grow over the next decade to $2 trillion, or 1% of global invested assets. The Lyme Timber Company is a private timberland investment management organization that acquires and sustainably manages land with unique conservation value in the United States and Canada. Ultimately, asset managers can develop a matrix with financial asset classes (e.g.,

The Power of Beliefs to Move Markets and Mindsets

Harvard Business Review

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". Together with Harvard Business Review and the Management Innovation eXchange, we have issued a challenge calling for the most instructive case studies and provocative ideas that will help us re-imagine capitalism for the long term. Mindsets matter.

Why Verizon's iPhone Could Be Good for AT&T

Harvard Business Review

It may seem counterintuitive, but smart companies need to routinely rid themselves of less profitable customers, the same way an asset manager or rebalances an investment portfolio or a Major League Baseball general manager trades a declining player. For AT&T, there are several ways to turn the Verizon threat into an opportunity to manage its customer base through both proactive loyalty strategies and by not over-reacting to Diva or Deal Chaser losses.

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Innovation Is as Much About Finding Partners as Building Products

Harvard Business

The innovation alone is a herculean task, but imagine being that upstart pioneer trying to develop the technology, while at the same time going up against entrenched, powerful competitors with deep industry knowledge, assets, and channels who’ve been around for a hundred years or more. Transforming our oldest industries calls for more than new technology; sophisticated knowledge of regulations, testing protocols, and traditional physical assets are now essential.

The End of Economists' Imperialism

Harvard Business Review

Lazear went on to describe how economists, with the University of Chicago's Gary Becker leading the way , had been running roughshod over the other social sciences — using economic tools to study crime, the family, accounting, corporate management, and countless other not strictly economic topics. "By almost any market test, economics is the premier social science," Stanford University economist Edward Lazear wrote just over a decade ago.

Top 10 Green Business Stories of 2011

Harvard Business Review

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. The sector is larger than most people realize, with clean tech investment hovering around $200 billion globally.

Top 10 Sustainable Business Stories of 2012

Harvard Business Review

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.". After Sandy raged across the eastern coast, Businessweek blared on its cover " It's Global Warming, Stupid." This month, H&M also rolled out a global clothing collection and recycling effort.