Why Private Equity Firms Should Include More Women
At the senior level, men outnumber women by a 10 to 1 ratio in the private equity sector. Considerations about gender equality notwithstanding, such a testosterone-only environment is not good for... the bottom line. A large-scale study of investment deals by HEC Paris professor of strategy and business policy proves that teams with at least one female member dramatically outperform male-only teams. An interview with Oliver Gottschalg.
Cliques or Cosmopolitans? How Do Social Networks Shape Innovators Fame
What makes innovators famous? Creativity is commonly assumed to be a driver of fame. Another common, albeit more cynical view, is that being connected to powerful people helps people become famous. Mitali Banerjee of HEC Paris and Paul L. Ingram of Columbia Business School provide a more nuanced view. They find that innovators’ fame cannot be explained by their creativity but by having a diverse community of peers. Learn more in this interview with Mitali Banerjee.
3 Objectives to Create Intelligence in the Face of Uncertainty
Uncertainty is an invisible trap, set to blind our capacity to avoid nonsense and create actual intelligence. Why invisible? Because uncertainty is powered by what we do not know, which is particularly difficult to become aware of. Anne-Sophie Chaxel, HEC Paris Associate Professor of Marketing and expert in cognitive biases, gives three objectives to keep in mind to embrace uncertainty, along with practice tool boxes to create intelligence.
What Approach and What Future for Companies Hit by COVID-19? Managing Contradictions in the Affected Companies
What we are experiencing is similar to an earthquake of strong magnitude. Everyone agrees that there will be a before and after Covid-19. Whilst this earthquake assails us all, we do have control of the choices and decisions to be made. These will determine how crippled or strengthened we will be by the end... As always in times of crisis there are losers and winners, the cards are redealt.
How to Reinvent Your Business Model
Today's coronavirus crisis has driven down our economy. Such a pause has a negative impact on world trade and economic growth; its social implications (loss of income and employment, increased inequality…) will have explosive consequences. In this context, there are many calls for a model change: let's not just press the "pause" button to restart the existing model, let's use this opportunity to reinvent it!
Will Economic Decoupling Be the New Normal With the Coronavirus?
Fears about deglobalization and economic decoupling are not new but have grown in the wake of the coronavirus. Jeremy Ghez, Associate Professor on the Education Track at HEC Paris, explains in four big ideas what the Covid-19 outbreak means for the global business environment.
The Taboos and Ambiguities of the Prevailing Narrative on Corporate Social Responsibility
In an article published this month in the journal Business & Society1, Aurélien Feix, research fellow at HEC, and Déborah Philippe, HEC alumna and professor at the University of Lausanne, analyze narratives that promote voluntary Corporate Social Responsibility (CSR) practices as a privileged means to combat social inequality and environmental degradation. In view of the similarities that exist between these narratives, the authors argue that they must be conceived of as variants of one and the same “metanarrative of CSR”. They show that this metanarrative stays ambivalent about crucially important questions, including that of the results that can realistically be expected from activities performed voluntarily by business firms that are bound by profitability constraints, and subjected to the capitalist growth imperative. Therefore, they call for challenging the comforting, but largely inconsequential, rhetoric of the metanarrative of CSR.
The Future of Netflix in the Face of a New Competition
Disney is going live in the US. Time Warner, one of the biggest Hollywood studios, is launching HBO Max. Netflix faces a new competition with other video streaming platforms such as YouTube, Amazon, Apple... Can Netflix survive to this? If so, how? We interviewed Ankur Chavda, Assistant Professor freshly arrived at the Strategy and Business Policy Department of HEC Paris, to comment Netflix’s strategy to ensure its success in the face of this new competition. Ankur Chavda’s recent research uses Netflix’s success to explain how incentives can trigger innovation within firms.
Academic Entrepreneurship: Who Owns Patents and Businesses?
Researchers have investigated the effect of the transfer of intellectual property rights from researchers to employing universities, in the USA and in Europe. While the effect of this act is positive in the US (more production and therefore competitiveness), the effect is negative in Europe (fewer creations). Interview with Thomas Astebro, professor of entrepreneurship at HEC Paris.
The Role of Empathy in Corporate Social Initiatives
One out of five children in France live below the poverty line, which means a household with two children lives on a collective income of less than 1,700 Euro per month. When poverty strikes, it strikes everywhere, ruthlessly so: higher instances of diabetes related to obesity; sleep deprivation due to threadbare mattresses; lack of relaxing hobbies; noisier, more crowded, low quality housing conditions (or no home at all); academic failure; etc.