Artificial Intelligence for Business & Society
Make AI Your Ally
Artificial Intelligence has a potentially disruptive impact on organizations, firms, and society at large. The latest mind-boggling illustration came with the discovery of chatGPT’s mesmerizing results in November 2022. This followed a fall of investments in AI last year in Silicon Valley. From analyzing data in one’s business to increasing customer engagement and replacing humans in routine tasks across industries, AI is becoming more relevant to our lives and economy every day. Everyone talks about it, but do we really understand its opportunities and threats? And how can we make the best out of it, whilst ensuring that ethical requirements are met?
Environmental, Social and Governance Performance
Addressing the 'S' Demands of ESG
Top-quality research and teaching are essential to understand growing inequalities which hinder the urgently needed ecological transition, to interrogate the ESG factors, and to leverage theory and the most ambitious empirical methods. To do so, HEC scholars work with public and private regulators, peers from leading European academic institutions, CEOs and administrators to develop, test, and evaluate novel strategies, policies and practices designed to tackle inequalities in their field. In this Knowledge@HEC issue, we share academic knowledge and highlight professional experiences on those topics. Find the pdf of that issue here.
Addressing the "S" Demands of ESG - Editorial
Because of Europe’s strong social welfare tradition, the social dimension of business has an additional legitimacy and urgency here. Top-quality research and teaching have an essential role to play in understanding growing inequalities which hinder the urgently needed ecological transition, in interrogating the environmental, social and governance (ESG) factors, their interplay and their promise and limitations, in leveraging theory and the most ambitious empirical methods. As a leading business school and research center in France and Europe, HEC Paris’ faculty has a responsibility in providing science-based evidence and practical tools to reinvent the business of tomorrow.
How Will New European ESG Reporting Standards Affect Companies?
The European Commission mandated a group of experts to work on new European corporate social responsibility reporting requirements. Marieke Huysentruyt, Associate Professor of Strategy and Business Policy and Academic Director of the Inclusive Economy Center at the Society & Organizations Institute of HEC Paris, was part of a group that drafted legislation on the question of equal opportunity. She describes how her working group shaped their proposals for a wide, long-lasting impact.
Is globalization’s time up? There are two major, and conflicting, views about this tricky topic. For many economists, free trade is a natural state of the global economic system. Any upheavals – Covid-19, the war between Ukraine and Russia, the resurgence of protectionism - can only result in temporary disruptions which, sooner or later, will be corrected. They are just bursts of irrationality, arising momentarily from political forces upsetting otherwise harmonious economic balance, etc.
Research and Policymaking: Conference Debates Governance in Crisis Period
Top personalities from the political and academic worlds, including Pascal Lamy, Peter Altmaier, John Denton and Merit Janow, were amongst the 17 speakers at a September 29 conference at HEC Paris on constitutionalism. Over three intense sessions, the policymakers and professors of law explored reforms in governance of public goods. In this article, however, our focus was on how innovative research in faculties should and sometimes does lead to concrete policy proposals.
Human Rights Sanctions Often Fail to Improve Human Rights
Do international sanctions that are imposed with the intention to improve the human rights situation in the targeted country always lead to better human rights? No, according to Professors Armin Steinbach, Jerg Gutmann, Matthias Neuenkirch, and Florian Neumeier, who have studied empirically the legal proportionality test. Their results cast doubt on the lawfulness of many trade and financial sanctions imposed by the US, the EU and other countries – an insight that might extend to many of the sanctions in place today.
Managing change and uncertainty
How to Build Business and Career Resilience
The world is constantly evolving and uncertain. However, if there is one certainty it is the need to remain humble. To better build the resilience needed to manage this change and uncertainty in a responsible way, find key findings and classic advice from HEC Paris researchers to decipher environments at all levels: from one’s own career to geopolitical business links. In this In-Depth issue, you will learn that family businesses focus more on resilience than on performance, that connecting private interests and sharing with the community is vital for sustainable objectives and that developing professional and personal resilience takes practice. You will also discover how hybrid governance and smart cities can overcome disrupted supply chains and fight social inequality. Find the PDF version of the Knowledge@HEC' In-Depth issue here.
Economic Perspectives for Germany after September’s Federal Vote
The September 26 federal elections in Germany have been earmarked as one of its most important in the past two decades. For a start, it signals the end of Angela Merkel’s tenure as Chancellor, after 16 years at the helm of Europe’s largest economy. To comment on this landmark vote, its uncertain outcome, and economic outlook, we turn to Armin Steinbach, HEC professor in law and economics. Steinbach is ideally placed to comment: prior to his September arrival at our business school, he spent over a decade as a government official and adviser in the Ministries of Finance and of Economic Affairs and Germany’s Parliament.
The Uncertain Promise of Human Rights in Sports: Understanding the Caster Semenya Case
For the 32nd Olympic Games, one of South Africa’s modern icons, 800-meter champion Caster Semenya, will not be making the trip northwards. She has been barred from the Tokyo Olympics where she had hoped to defend a crown she won in 2012 and 2016. We discuss with Professor Matteo Winkler the legal, sociological and ethical implications of the Caster Mokgadi Semenya v. IAAF (now World Athletics) case. World Athletics’ regulations target female athletes like Semenya who are born with naturally high levels of testosterone, a characteristic that was labelled first as “hyperandrogenism” and then as “difference of sexual development”. Winkler and fellow academic, Doctor Giovanna Gilleri from the European University Institute published a 40-page study deconstructing the narratives surrounding the case and reflecting on the relationship between the law of sports, politics, gender and bodies – and the West’s sometimes uncomfortable position on femininity in the Global South.