Strategic Management Practices Issues Group: The Changing Social Compact
April 15, 2011: 7:30 AM - 8:45 AM
The Strategic Management Practices Issues Group offers a more interactive alternative to Chicago Booth’s alumni round tables. Attendance at each session is limited to 20 participants, who gather to discuss a strategy topic chosen for that month. Discussion is guided by suggested readings that are relevant to the topic, and by a facilitator who ensures a lively discussion with balanced participation. The group is a great way to challenge your own ideas, gain new perspectives, and get to know fellow Booth alums better. No matter what aspect of strategy your work entails, this forum provides an enjoyable way to sharpen your business acumen. Meetings are held on the third Friday of each month, except December, from 7:30 until 8:45 AM.
Discussions are held in the Burnham Rooms at US Trust in Chicago, our host for these monthly gatherings. There is no fee for attending, but registration closes at 6:00 PM two days prior to the event. Registrations made after this cutoff may not be honored. If you register and your schedule changes, please let us know immediately so we can offer your seat to someone else.
We hope to see you at an upcoming meeting, where you can update your MBA, interact with fellow Booth alums, expand your professional network ... and still make it to the office by 9:00 AM!
The Burnham Rooms
231 South LaSalle
The Changing Social Compact – A Look at Why Companies Are Doing More Good
This month, we will examine the increasingly blurry boundaries between profit, non-profit interests, and services. This is not merely a response to consumer backlash when corporate profits are taken at the expense of local resources. With governements relaxing some market restrictions, global market liberalization is forcing corporate executives and social activists to work together to develop new business models. This phenomenon has a number of different names; it is often referred to as the new social compact, but is also called collective impact, shared value, or social finance. We hope you will join us as we take a look at several examples of the phenomenon, and consider the strategic opportunities and challenges this emerging economic model offers.
Please prepare for this month’s discussion by reading one or more of the following articles:
Cocreating Business's New Social Compact by Jeb Brugmann and C.K. Prahalad
The liberalization of markets is forcing executives and social activists to work together. They are developing new business models that will transform organizations and the lives of poor people everywhere.
For Pepsi, A Business Decision with Social Benefits
Not Just For Profit by Marjorie Kelly
This article discusses an intriguing new business model for an age some consider ethically challenged. Companies with “for-benefit” objectives are redefining corporate governance and creating an alternative to the conventional charter.
There is no fee for attending, but registration closes at 11:59 PM two days prior to the event. Registrations made after this cutoff may not be honored. We intentionally limit the number of participants to keep the discussion manageable. If you register and your schedule changes, please let us know immediately so we can offer your seat to someone else.
Bob Rieder, '06