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25 Years Ago I Coined the Phrase "Triple Bottom Line." Here's Why It's Time to Rethink It.
Finance & Accounting Digital ArticleIt was supposed to be a radical rethinking of capitalism, but it's become a mere accounting tool. -
Can Capitalism Be Redeemed?
Capitalism Magazine ArticleIncome inequality is much more than an economic problem. -
Geopolitics Are Changing. Venture Capital Must, Too.
Global Business Digital ArticleAs we shift away from the unique conditions that fueled global growth for the past 30 years, investors will need more capital - and more patience. -
How Business Schools Can Help Restore Trust in Capitalism
Global Business Digital ArticleThey should emphasize the importance of democracy and good government. -
“Conscious Capitalism” Is Not an Oxymoron
Corporate social responsibility Digital ArticleCapitalism is the greatest source of prosperity ever invented — but we can make it better. -
We Don't Have to Ditch Capitalism to Fight Climate Change
Finance & Accounting Digital ArticleWith the right policies, markets can provide a carbon-free future. -
Changing Capitalism, One Organization at a Time
Leadership & Managing People Digital ArticleWe're delighted to announce the winners of the Long-Term Capitalism Challenge, the third leg of the HBR/McKinsey M-Prize for Management Innovation. Reimagining... -
What Does the Future of Capitalism Look Like?
Economics Digital ArticleAt the beginning of 2009, I set myself the task of writing a column about the future of capitalism. As the financial crisis unfolded and its future impact on society and the global economy began to emerge, it became a more daunting task by the day. The more I thought about the future of capitalism, […] -
Saving Economics from the Economists
Organizational Development Magazine ArticleA Nobel laureate on reconnecting the study of economics with the working of the real-world economy. -
The Strengths and Many Weaknesses of State Capitalism
International business Digital ArticleEditor’s note: Tarun Khanna, the Jorge Paulo Lemann Professor at HBS, recently published a book, co-authored with his HBS colleague Krishna G. Palepu, called Winning in Emerging Markets: A Road Map for Strategy and Execution (Harvard Business Press, 2010). While reading Ian Bremmer‘s new book The End of the Free Market: Who Wins the War […] -
The Case for Constructive Capitalism
Economics Digital Article“Gas-guzzling S.U.V.’s, cigarette boats, no-income mortgages and private jets should be relegated to the junk heaps of history, or better yet, put in a museum dedicated to never forgetting the greed and avarice that led us so far astray.” Who wrote this incendiary paragraph? Che Guevara’s alter ego, perhaps — or maybe the ghost of […] -
Capitalism’s Mea Culpa; Humanism’s Opportunity?
Business ethics Digital ArticleThis evening, as I listened to NPR recite the latest long list of the world’s limplosions, a tall, dark and handsome 23-year old neighbor knocked on my door. Joseph asked whether he could borrow some raspberry cuttings. He wants to use them to create a sustainable garden from which he and his family can feast […] -
When Lehman's Fall Called Capitalism into Question
Leadership & Managing People Digital ArticleToday marks a grim anniversary. It was two years ago on this day that Lehman Brothers filed for bankruptcy, an ailing Merrill Lynch was sold off to Bank... -
Can Index Funds Be a Force for Sustainable Capitalism?
Corporate social responsibility Digital ArticleThey have the clout and the long-term view. -
Not Your Father’s Capitalism
Change management Digital ArticleIn 2007, Chris was on a guided tour of Beijing and happened on a curious, newly built neighborhood: it was a cul de sac of oversized faux Tudors looking for all the world like an Olde English theme park. How, he wondered, could such conspicuous construction be condoned in a land still firmly ruled by the Party? Wasn’t […] -
Micro Capitalism: Eastern Europe’s Computer Future
Global strategy Magazine ArticleThroughout Central Europe and the Soviet Union, computer entrepreneurs are emerging from the shells of state organizations to begin the exhilarating yet chaotic process of building a market economy. The customer base is eager and literate. The programmers are smart and inventive. Few people are complacent, and many are scared. No one can control this […] -
The Age of Customer Capitalism
Leadership & Managing People Magazine ArticleModern capitalism can be broken down into two major eras. The first, managerial capitalism, began in 1932 and was defined by the then radical notion that... -
The EU’s Unsustainable Approach to Stakeholder Capitalism
Corporate governance Digital ArticleIt’s time to make it easier, not harder, for firms to raise, deploy, and return capital. -
Companies that Practice "Conscious Capitalism" Perform 10x Better
Leadership & Managing People Digital ArticleWhy should that be a surprise? -
To Reform Capitalism, CEOs Should Champion Structural Reforms
Corporate social responsibility Digital ArticleThis blog post is part of the HBR Online Forum The CEO’s Role in Fixing the System. The most transformative thing CEOs can do to fix the system is to nurture the seeds of a new capitalism that’s already emerging. Capitalism has been incredibly effective at creating prosperity and improving the standard of living for […]
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The Munich Oktoberfest: From Local Tradition to Global Capitalism
Strategy & Execution Case Study8.95View Details Oktoberfest, an annual festival held in Munich (Germany) for more than 200 years, has grown in recent decades into a hugely popular event that attracts... -
Narayana Murthy and Compassionate Capitalism
Leadership & Managing People Case Study8.95View Details Narayana Murthy's roles at Infosys Technologies--as a co-founder, longtime CEO, and nonexecutive chairman and chief mentor--has been marked by explosive... -
Doing Business in Santiago, Chile
Management Case Study8.95View Details The case uses the example of the opening of the first IKEA furniture store in Chile - which is operated by Chilean group Falabella - to discuss the opportunities... -
Humanistic Capitalism at Brunello Cucinelli
Sales & Marketing Case Study8.95View Details This case explores one company's attempt to experiment with a different underlying model for a capitalist enterprise. Brunello Cucinelli, S.p.A. is a... -
Guillermo Jaime-An Endeavor Entrepreneur
Strategy & Execution Case Study8.95View Details Guillermo Jaime was the founder and CEO of Mejoramiento Integral Asistido (MIA), a for-profit company providing affordable housing to low-income Mexicans... -
Note on Comparative Capitalism
Leadership & Managing People Case Study8.95View Details This note draws on academic work, as well as social and economic data across several countries, to provide a basic understanding of some of the differences... -
Standing on the Sun: How the Explosion of Capitalism Abroad Will Change Business Everywhere
Global Business Book27.95View Details For half a century the US has sat at the center of the global economic system, and Western-style capitalism has dominated. Now, it's no secret that the... -
Conscious Capitalism, With a New Preface by the Authors: Liberating the Heroic Spirit of Business
The bestselling book, now with a new preface by the authors. At once a bold defense and reimagining of capitalism and a blueprint for a new system for... -
Conscious Capitalism: Liberating the Heroic Spirit of Business
"We believe that business is good because it creates value, it is ethical because it is based on voluntary exchange, it is noble because it can elevate... -
Turkey - A Work in Progress?
Leadership & Managing People Case Study8.95View Details For the past 10 years, Turkey has grown its real GDP at about 6% annually. This came after a huge debt crisis in 2001-02, wherein Turkey had to borrow... -
Danfoss and the Danish Variety of Capitalism
Innovation & Entrepreneurship Case Study8.95View Details Danfoss is a traditional Danish family firm, deeply committed to its local community in Nordborg, Als. The company is family-owned and has had several... -
The Container Store
Leadership & Managing People Case Study8.95View Details The Container Store (TCS) is a Texas-based retailer of organization and storage solutions. The company prides itself in taking care of its employees first... -
Edita: Making Choices in Uncertain Times
Leadership & Managing People Case Study8.95View Details After 15 years of steady growth and expansion, Edita, a leading Egyptian snack producer, faced a series of challenges in the wake of the Arab Spring.... -
From Farm Boy to Financier: Eiichi Shibusawa and the Creation of Modern Japan
Leadership & Managing People Case Study8.95View Details This case describes the career of Eiichi Shibusawa (1840-1931), a serial entrepreneur who is widely known as the "father of Japanese capitalism" and as... -
Venture Capitalism versus Indigenous Human Resource Management
Organizational Development Case Study8.95View Details In 2019, an American couple were travelling the world when they settled in Bali and were employed by Spice Island Cruises (SIC). At the time, SIC was... -
The Heart of Business: Leadership Principles for the Next Era of Capitalism
30.00View Details How to unleash "human magic" and achieve improbable results. Hubert Joly, former CEO of Best Buy and orchestrator of the retailer's spectacular turnaround,... -
Capitalism and the Party-State: The People's Republic of China at 70
Global Business Case Study8.95View Details In 2019, the People's Republic of China (PRC) turned seventy-years-old and became the longest active authoritarian regime in recent history. By then,... -
Roblox: Virtual Commerce in the Metaverse
Management Case Study8.95View Details In 2022, Roblox had 58.8 million daily active users, including over half of all children and teens under the age of 16 in the United States. Roblox, a... -
Capitalism at Risk, Updated and Expanded: How Business Can Lead
Q. Who should take the lead in fixing market capitalism? A. Business--not government alone. The spread of capitalism worldwide has made people wealthier...
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25 Years Ago I Coined the Phrase "Triple Bottom Line." Here's Why It's Time to Rethink It.
Finance & Accounting Digital ArticleIt was supposed to be a radical rethinking of capitalism, but it's become a mere accounting tool. -
Can Capitalism Be Redeemed?
Capitalism Magazine ArticleIncome inequality is much more than an economic problem. -
Geopolitics Are Changing. Venture Capital Must, Too.
Global Business Digital ArticleAs we shift away from the unique conditions that fueled global growth for the past 30 years, investors will need more capital - and more patience. -
9. The Heart of Business: Leadership Principles for the Next Era of Capitalism
Management Book Chapter8.95View Details How to unleash "human magic" and achieve improbable results. Hubert Joly, former CEO of Best Buy and orchestrator of the retailer's spectacular turnaround,... -
The Munich Oktoberfest: From Local Tradition to Global Capitalism
Strategy & Execution Case Study8.95View Details Oktoberfest, an annual festival held in Munich (Germany) for more than 200 years, has grown in recent decades into a hugely popular event that attracts... -
Narayana Murthy and Compassionate Capitalism
Leadership & Managing People Case Study8.95View Details Narayana Murthy's roles at Infosys Technologies--as a co-founder, longtime CEO, and nonexecutive chairman and chief mentor--has been marked by explosive... -
14. The Heart of Business: Leadership Principles for the Next Era of Capitalism
Management Book Chapter8.95View Details How to unleash "human magic" and achieve improbable results. Hubert Joly, former CEO of Best Buy and orchestrator of the retailer's spectacular turnaround,... -
Doing Business in Santiago, Chile
Management Case Study8.95View Details The case uses the example of the opening of the first IKEA furniture store in Chile - which is operated by Chilean group Falabella - to discuss the opportunities... -
How Business Schools Can Help Restore Trust in Capitalism
Global Business Digital ArticleThey should emphasize the importance of democracy and good government. -
“Conscious Capitalism” Is Not an Oxymoron
Corporate social responsibility Digital ArticleCapitalism is the greatest source of prosperity ever invented — but we can make it better.