Business, ethics & society
Lessons in philanthropy, investment and innovation: Rikers Island needed $10 million for a program to reduce the rate of teenage inmates returning to prison. With the innovative financing structure of the U.S.’ first social impact bond, New York, Goldman Sachs and Bloomberg Philanthropies leveraged private capital toward social solutions.
Business has the tools to solve the global climate crisis, but will business leaders have the will to drive the changes necessary to avoid the worst consequences of climate change?
Call it a win-win-win: The U.S. Chamber of Commerce Foundation honored Kroger for its Zero Hunger | Zero Waste initiative, which works to end hunger in its local communities and food waste in its entire company — victories for multiple stakeholders and the environment. Here’s how the initiative’s doing just that.
Darden experts provide a practical, step-by-step guide to dealing with identity theft, a phenomenon prevalent with the at-risk population of people who are incarcerated. Greg and Tierney Fairchild wrote a case on the matter for the Resilience Education program they founded to educate prisoners.
Corporate innovation is crucial for value creation. What does that have to do with gender diversity? A new global study shows the real influence and impact of gender diversity on boards; when it comes to greater balance, so come greater innovation outcomes. And the effects may be evident sooner than you think.
Traditional retail remains in a period of widespread transformation. Many suburban malls have shuttered, or limp along with few tenants. The rapid transformation even has its own doom-and-gloom shorthand: the Retail Apocalypse. Amid the turmoil, there is also transformation and growth. Darden Professor Vidya Mani shares what's next.
Years of inequality have led to lasting challenges faced by minorities in opportunities for advancement. Efforts to “manage diversity” could benefit from education about historical context, as well as contemporary experience, that lead to low inclusion. Courtney McCluney discusses challenges of diversity practices and potential solutions.
Disruption is essential to economic growth and societal advancement. But a backlash is brewing, and some worry that the pace of new technologies leads to unintended consequences that are too great. Professor Mike Lenox discusses the pros and cons of disruption and the reason the right kind of aggressive innovation is critical to saving the world.
Stakeholders don’t just respond to companies’ harmful practices — they respond to perceived harm. Darden Professor Andy Wicks examines how companies should respond to stakeholders’ responses. For example: Assembly Bill 5. Are Uber drivers employees or contractors? Stakeholders and the company disagree.
Valuable: employees who can connect with diverse people to improve relationships, facilitate information flow and communication, increase coordination and reduce conflict. Research shows that “social class transitioners,” people who move between socioeconomic classes, can bring a special skillset to the workforce.