Purpose and Values Academic Camp
Friday, Apr 12 2024 at 8:00 am - 3:00 pm EDT
Classroom 4400Yale School of Management - Evans Hall
165 Whitney Ave
New Haven, CT 06511
United States
Yale Program on Stakeholder Innovation and Management is pleased to host a one-day Purpose and Values Academic Camp, convening top academics to share their insights in the emerging field of purpose and values for stakeholder management. This event is an extension of our comprehensive research, encompassing over 100 CEO interviews. Our research revealed a recurring theme regarding the implementation of these principles into a firm’s operations to drive a profitable business, which not only remains a challenge, but is also not typically emphasized in traditional business school curricula.
This Academic Camp will bring together seven of the top academics and thought leaders in stakeholder management to explore how purpose and values embedded within organizational culture and strategy can drive stakeholder engagement, organizational growth, and performance. R. Edward Freeman, the “Father of Stakeholder Capitalism” and Raj Sisodia, co-author of Conscious Capitalism, will present on the history, impact, and challenges of stakeholder management, and also discuss unresolved and new questions within the field. Leaders from Wharton, Oxford, Columbia, and more will share their strategies on infusing purpose into the organizational framework, how purpose can contribute to a company’s growth, and metrics to measure value progress, while answering questions from attendees.
The findings from this event will be incorporated into the Yale SOM curriculum, providing our students with the latest insights on this relevant topic. Furthermore, we will share this information publicly with other institutions to contribute to the advancement of research and knowledge in the field.
Agenda
8:00 - 9:00 a.m | Breakfast |
9:00 - 9:15 a.m | Opening Remarks by Jon Iwata and Ted Snyder |
9:15 - 9:55 a.m | Stakeholder Capitalism: History, Impact, and Challenges
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9:55 - 10:35 a.m | Enacting Purpose and Stakeholder Engagement
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10:35 - 10:50 a.m | Coffee Break |
10:50 - 11:30 a.m. | The Stakeholder Mindset: Issues and Perspectives in Light of Conscious Capitalism
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11:30 - 12:10 p.m | It Pays to Purpose
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12:10 -12:50 p.m | Corporate Purpose, Strategy, and Financial Performance
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12:50 - 1:35 p.m | Lunch |
1:35 - 2:15 p.m | Permissionless Organization in The Context of Exponential Inflection Points
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2:15 - 2:55 p.m | Embedding Purpose: The Leadership Challenge
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2:55 - 3:00 p.m | Closing Remarks by Ravi Dhar |
Speakers
R. Edward Freeman, Elis and Signe Olsson Professor of Business Administration, Academic Director, Business Roundtable Institute for Corporate Ethics, Darden School, University of Virginia
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R. Edward Freeman is University Professor, Distinguished Chair in Business Administration Professor, Olsson Professor, and Academic Director of the Institute for Business in Society at the University of Virginia Darden School of Business. He is best known for his award-winning book, Strategic Management: A Stakeholder Approach (Pitman, 1984; and reprinted by Cambridge University Press in 2010). His latest books are R. Edward Freeman’s Selected Works on Stakeholder Theory and Ethics with Sergiy Dmytriyev(Springer Nature, 2023), Defeating Dengue with Andrew Sell (Columbia University Press, forthcoming in 2024), Models of Leadership in Plato and Beyond with Dominic Scott (Oxford, 2021); Humanizing Business with Michel Dion and Sergiy Dmytriyev (Springer Nature, 2022); The Power of And: Responsible Business Without Trade-offs, with Bidhan Parmar and Kirsten Martin (Columbia 2020); The Cambridge Handbook of Stakeholder Theory with Jeffrey Harrison, Jay Barney and Robert Phillips (Cambridge 2019); and, Research Approaches to Business Ethics and Corporate Responsibility with Patricia Werhane and Sergiy Dmytriyev, (Cambridge, 2017),. He has received seven honorary doctorates (Doctor Honoris Causa) from: HEC Paris in France; Radboud University in the Netherlands; Universidad Pontificia Comillas in Spain; the Hanken School of Economics, and Tampere University in Finland; Sherbrooke University in Canada; and, Leuphana University in Germany, for his work on stakeholder theory and business ethics. In 2022 he received the University of Virginia’s most prestigious award, The Thomas Jefferson Award for Scholarship. Freeman served as Co-Editor-in-chief of the Journal of Business Ethics, one of the leading journals in business ethics, from 2016-2020. He is a lifelong student of philosophy, martial arts and the blues. Freeman is a founding member of Red Goat Records (redgoatrecords.com) bringing the joy of original soul and rhythm and blues music into the 21st Century. He is the host of The Stakeholder Podcast, sponsored by Stakeholder Media, LLC.
Colin Mayer, Emeritus Professor of Management Studies, Said Business School, University of Oxford
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Colin Mayer is Emeritus Professor of Management Studies at the Saïd Business School at the University of Oxford and a Visiting Professor at the Blavatnik School of Government at the University of Oxford. He is a Fellow of the British Academy, the Centre for Economic Policy Research, and the European Corporate Governance Institute, an Emeritus Fellow of Wadham College, Oxford, an Honorary Fellow of Oriel College, Oxford, and St Anne’s College, Oxford, and he has an Honorary Doctorate from Copenhagen Business School. He was co-chair of the Scottish Government Business Purpose Commission, a member of the Board of Trustees of the Oxford Playhouse, the UK Government Natural Capital Committee, the UK Competition Appeal Tribunal, and the International Advisory Board of the Securities and Exchange Board of India. He was chairman of Oxera Ltd. between 1986 and 2010 and a director of the energy modelling company, Aurora Energy Research Ltd between 2013 and 2020. He was appointed Commander of the Order of the British Empire (CBE) in the 2017 New Year Honours. Between 2017 and 2021, he led the British Academy enquiry into “the Future of the Corporation” and his most recent book Capitalism and Crises: How to Fix Them is published by Oxford University Press.
Raj Sisodia, FEMSA Distinguished University Professor of Conscious Enterprise and Chairman of the Conscious Enterprise Center, Tecnologico de Monterrey
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Raj Sisodia is FEMSA Distinguished University Professor of Conscious Enterprise and Chairman of the Conscious Enterprise Center at Tecnologico de Monterrey in Mexico. He is the Co-Founder and Chairman Emeritus of Conscious Capitalism Inc. He has a Ph.D. in Business from Columbia University. Raj is co-author of the New York Times bestseller Conscious Capitalism: Liberating the Heroic Spirit of Business (2013) and Wall Street Journal bestseller Everybody Matters (2015). He was named one of “Ten Outstanding Trailblazers of 2010” by Good Business International, and one of the “Top 100 Thought Leaders in Trustworthy Business Behavior” by Trust Across America for 2010 and 2011. Raj received an honorary doctorate from Johnson & Wales University in 2016 and the Business Luminary Award from Halcyon in 2021. He has served on the boards of Mastek and The Container Store. Raj has published sixteen books, including Firms of Endearment: How World Class Companies Profit from Passion and Purpose, which was named a top business book of 2007 by Amazon.com. His most recent books are Awaken: The Journey to Purpose, Inner Peace & Healing; The Healing Organization: Awakening the Conscience of Business to Help Save the World and The Global Rule of Three: Competing with Conscious Strategy. Raj has consulted with and taught at numerous companies, including AT&T, Verizon, LG, DPDHL, POSCO, Kraft Foods, Whole Foods Market, Tata, Tesoro, Siemens, Sprint, Volvo, IBM, Walmart, McDonalds, and Southern California Edison.
CB Bhattacharya, H.J. Zoffer Chair in Sustainability and Ethics, Katz Graduate School of Business, University of Pittsburg
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CB Bhattacharya is the H.J. Zoffer Chair in Sustainability and Ethics at the Katz Graduate School of Business,
University of Pittsburgh. He is a world-renowned expert in business strategy innovation aimed at increasing both business and social value. His research and teaching focus specifically on how companies can use underleveraged “intangible assets” such as corporate identity, reputation, corporate social responsibility, and sustainability to strengthen stakeholder relationships and drive business and societal value.
Prof. Bhattacharya has published over 100 articles and has over 46,000 citations per Google Scholar, placing him among the top 50 cited marketing academics per Google Scholar and the top 1% of marketing academics per a Stanford University study. His latest book entitled Small Actions Big Difference: Leveraging Corporate Sustainability to Drive Business and Societal Value was published by Routledge in 2019. He is co-author of the book Leveraging Corporate Responsibility: The Stakeholder Route to Maximizing Business and Social Value and co-editor of the book Global Challenges in Responsible Business, both published by Cambridge University Press. He has served on the Editorial Review Boards and served as Editor of special issues of many leading publications. Prof. Bhattacharya is the founder of the Center for Sustainable Business at Pitt as well as the ESMT Sustainable Business Roundtable, a forum with more than 25 multinational members, aimed at discussing opportunities and challenges in mainstreaming sustainability practices within organizations. In 2007, he started the Stakeholder Marketing Consortium with support from the Aspen Institute.
Prof. Bhattacharya is part of a select group of faculty members that have been named twice to Business Week’s Outstanding Faculty list. He is on the #thinklist of the University of Bath, a list of influential faculty thinkers on issues of responsible business. He has won several best paper awards, teaching awards, and research prizes. He was also a finalist for the Aspen Institute’s Faculty Pioneer Award in 2007. In addition, he received the Emory Williams Distinguished Teaching Award in 1995, the highest teaching award at Emory University.
He received his PhD in Marketing from the Wharton School of the University of Pennsylvania in 1993, his MBA from the Indian Institute of Management in 1984, and his Bachelors (with Honors in Economics) from St. Stephens College, Delhi in 1982. Before joining ESMT in 2009, he was the Everett W. Lord Distinguished Scholar and Professor of Marketing at the School of Management at Boston University. Before joining Boston University, he was on the faculty at the Goizueta Business School, Emory University. Prior to his PhD, he worked for three years as a Product Manager at Reckitt Benckiser plc.
Prof. Bhattacharya has conducted research and consulted for many organizations such as Allianz, AT&T, Bosch, Eli Lilly, E.ON, General Mills, Green Mountain Coffee, High Museum of Art, Hitachi Corporation, Procter & Gamble Company, Prudential Bank, Timberland and Unilever. As an expert in corporate responsibility and sustainability, he is often interviewed and quoted in publications such as Business Week, BBC, Forbes, Financial Times, Fortune, Newsweek, The New York Times, and The Economist and on TV stations such as Times Now, CBS, and PBS. He frequently delivers keynote speeches or brings in his insights as a panelist at company, industry, and academic conferences and conventions.
Claudine Gartenberg, Assistant Professor of Management, Wharton School, University of Pennsylvania
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Claudine Gartenberg is an Assistant Professor of Management at the Wharton School of the University of Pennsylvania. Her research focuses on corporate purpose and pay inequality, and the implications of both for firm strategy and competitiveness. Her work has been published in top academic journals, including Management Science, Organization Science, and Strategic Management Journal. She is an associate editor at Management Science, and serves on the editorial boards of Strategic Management Journal and Strategy Science. Professor Gartenberg received a B.A. with honors in Physics from Harvard College, and a D.B.A. and M.B.A. from Harvard Business School, where she graduated as a Baker Scholar and received the Wyss Award for best doctoral research. She joins Wharton from the faculty of NYU Stern School. Prior to joining academia, Professor Gartenberg was an account manager at a business consulting firm, working with clients such as PG&E, Chevron, Hallmark Cards, Wells Fargo and Bank of America.
Rita McGrath, Professor of Management, Columbia Business School, Columbia University
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Rita McGrath is a best-selling author, a sought-after advisor and speaker, and a longtime educator at Columbia Business School. Rita is one of the world’s top experts on strategy and innovation. She is the winner of the CK Prahalad award for scholarly impact on practice and is consistently ranked among the top 10 management thinkers, including the #1 award for strategy by Thinkers50. McGrath’s recent book on strategic inflection points is Seeing Around Corners: How to Spot Inflection Points in Business Before They Happen (Houghton Mifflin Harcourt, 2019). Rita is the author of four other books, including the best-selling The End of Competitive Advantage (Harvard Business Review Press, 2013). Follow Rita on Twitter rgmcgrath. For more information, visit RitaMcGrath.com.
Charles Dhanaraj, J. Mack Robinson Professor of International Business and Academic Director of the DBA Program, Robinson College of Business, Georgia State University
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Charles Dhanaraj is currently J. Mack Robinson Professor of International Business and Academic Director of DBA Program at Georgia State University, Robinson College of Business at Atlanta, USA.
Dhanaraj is an elected Fellow of the Academy of International Business. His research focuses on strategic partnerships, innovation, leadership, and digital globalization. He has published in top academic journals, including Strategic Management Journal, Journal of International Business Studies, Academy of Management Review, and Harvard Business Review. He has written several award-winning cases that are used in classrooms across the globe. In his current research, Dhanaraj is studying how digital innovation ecosystems evolve in differ, how multinational companies overcome discrimination in foreign countries, and more importantly how leaders drive purposeful strategy in their organizations.
As a strategy and international business expert, he has taught in executive education programs at the University of Denver, Temple University, IMD Switzerland, Indian School of Business (ISB), Fundação Dom Cabral (FDC, Brazil), Copenhagen Business School (CBS, Denmark), and Ivey Business School (Canada). He has worked with several global organizations such as Eli Lilly, Sanofi, Cummins, Danske Bank, Agricultural Bank of China, Saudi Arabia British Bank (SABB), Unicredit, Pernod Ricard, Maersk Drilling, Arla, Valmet, Deloitte, Sika, Hilti and several Indian companies, such as Tata, Birla, Mahindra