More from these Authors

• Working Paper | HBS Working Paper Series | 2020

  Accounting for Organizational Employment Impact

  David Freiberg, Katie Panella, George Serafeim and T. Robert Zochowski

  Organizations create significant positive and negative impacts through their employment practices. This paper builds on the substantial body of research regarding job quality and impact measurement to present a framework for monetized analysis of employment impact. We identify and propose a framework for measuring the four most salient dimensions of impact for employees, including wage quality, career advancement, opportunity, and health and wellbeing, as well as two principle impacts, diversity and employment location, for the broader labor community. The framework and methodology for calculating employment impact-weighted accounting figures is applied to several large corporations, resulting in positive impacts that range between 25 and 249% of their EBITDA suggesting significant heterogeneity in employment practices across organizations. These results demonstrate the feasibility of calculating employment impact in monetary terms, and provide a foundation for future application across additional geographies and contexts.

  Keywords: employment; Impact-Weighted Accounts; IWAI; Employment Impact;

  Citation:

  Freiberg, David, Katie Panella, George Serafeim, and T. Robert Zochowski. "Accounting for Organizational Employment Impact." Harvard Business School Working Paper, No. 21-050, October 2020.  View Details

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• Working Paper | HBS Working Paper Series | 2020

  Accounting for Product Impact in the Consumer-Packaged Foods Industry

  Amanda Rischbieth, George Serafeim and Katie Trinh

  We apply the product impact measurement framework of the Impact-Weighted Accounts Initiative (IWAI) in two competitor companies within the consumer-packaged goods industry. We design a methodology that allows us to calculate monetary impact estimates on customer health, access and affordability of products and recyclability, among other factors. Our results indicate substantial differences in the impact that competitors have through their products. These differences demonstrate how impact measures reflect business strategy choices and informs decision-making on industry-specific areas, including food reformulation and product placement.

  Keywords: Product Innovation; Product design; Impact; impact investing; impact measurement; ESG; ESG (environmental, social, governance) performance; ESG (environmental, social, governance) performance; ESG ratings; social corporate responsibility; corporate social responsibility; social impact; nutrition; nutrition database; nutritional information; safety; CPG; consumer packaged goods; Product; Product Design; Product Positioning; Society; Consumer Products Industry;

  Citation:

  Rischbieth, Amanda, George Serafeim, and Katie Trinh. "Accounting for Product Impact in the Consumer-Packaged Foods Industry." Harvard Business School Working Paper, No. 21-051, October 2020.  View Details

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• Case | HBS Case Collection | July 2020 (Revised October 2020)

  Valentina Tereshkova: Conquering Space

  Boris Groysberg and Annelena Lobb

  Citation:

  Groysberg, Boris, and Annelena Lobb. "Valentina Tereshkova: Conquering Space." Harvard Business School Case 421-005, July 2020. (Revised October 2020.)  View Details

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