Ideas on Finance, Happiness and Sustainability
To realize our potential and address major complex issues such as climate change, food security, environmental sustainability, health care, governance, and equitable wealth creation requires transformational change at scale. This involves sustained effort by diverse people and organizations over significant geographic expanses. Their work involves deep innovation in ways of thinking, acting, power structures, and relationships.
Volatile markets, challenging consumer demands, and the technological disruptions resulting from digitization and Industry 4.0 are producing unprecedented rates of change. In response, companies have worked to increase organizational agility, hoping to foster innovation and shorten go-to market cycles. Yet organizational experiences and sociological conditioning often impede true agility. As a result, many of these efforts fall short of their objective to manage the uncertainty generated by change. But another movement—mindfulness—will help companies overcome these challenges.
In the first large-scale, quantitative study of nascent social entrepreneurs, researchers from Harvard Business School and Echoing Green examine the rise of hybrid organizations that combine aspects of nonprofits and for-profits and the challenges hybrids face as they attempt to integrate traditionally separate organizational models.