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Sanitation Marketing Systems in Bangladesh: A Public-Private Partnership

Public-Private Partnerships That Are Changing the World The Darden School of Business’ Institute for Business in Society partners with Concordia and the U.S. Department of State Secretary’s Office of Global Partnerships to present the annual P3 Impact Award, which recognizes leading public-private partnerships that improve communities around the world. This year’s award will be presented... CONTINUE READING

Bigger Than the Grasshopper and the Ant: A Macroeconomic View of Saving for Retirement

By Daniel Murphy and Andrew Hayashi and Jenny M. Abel

Many have sounded alarms to a looming crisis in retirement savings in America, citing statistics like these: The median amount a working-age American family has saved for retirement is only $5,000. Nearly half of working-age Americans (45 percent) have no personal retirement savings. Americans stow away just 3.8 percent of their disposable income for retirement — a remarkable drop... CONTINUE READING

Use Strategic Buckets: How to Succeed at Innovation

By Jeremy Hutchison-Krupat and Carlos Santos ,

Decisions, decisions. How does a big company make good decisions to launch new products that might fatten up the bottom line and keep it innovative and growing? Senior management has a clear-eyed view of the big picture — the overall strategy — but project managers know the rich details necessary for the greatest chance at successfully initiating new products. How best can they talk to each... CONTINUE READING

The Innovation Dream Team: Opposites Succeed

By Jeanne M. Liedtka and Randy Salzman ,

As an increasingly popular approach to business innovation, the crux of design thinking is that it embraces both creativity and analytical thinking to solve problems; two sides of the design thinking coin, both are essential to the design thinking process. As such, one key to design thinking is for designers to empathize with those who see the world through what Stanford psychologist Carol... CONTINUE READING

Eastern Philosophies, Western Strategies: Strategic Intuition

A New Idea Like many good ideas, Darden Professor Jay Bourgeois’ new course, “Strategic Intuition and Eastern Philosophy,” seems obvious in retrospect. If MBAs are going to thrive in a global economy, they need to be aware not only of linear analytics and Western economics, but also aspects of Eastern philosophy, like letting go of desire and control — perhaps unexpected lessons at... CONTINUE READING

Wells Fargo and the Public’s Withdrawal of Trust

By Luann J. Lynch and Carlos Santos

In 2015, Wells Fargo ranked No. 7 on Barron’s list of most respected companies, a ranking of the 100 largest publicly traded companies on Standard & Poor’s index. In the 2017 ranking, out last week, it came in dead last. How did the company lose professional respect, the trust of the public, and its reputation for sterling service, honest dealings and pride in its products? Ethical... CONTINUE READING