News & Highlights

  • MAY 2018
  • ALUMNI NEWS

Alumni Achievement Award

Harvard Business School conferred its most important honor, the Alumni Achievement Award, on five distinguished graduates as part of the Class Day ceremony for the MBA Class of 2018. One of the recipients was Claudio Hadda (OMP 1987), chairman of Insper Institute of Education and Research, a university he helped launch in São Paulo, Brazil. Haddad’s career began in academia and includes serving as director of Brazil’s Central Bank and building Banco Garantia into one of South America’s most prestigious banks. Together with a group of Brazilian investors, in 1999 he acquired Insper and has since expanded it into one of Brazil’s leading educational institutions.
  • MAY 2018
  • KNOW YOUR HBS

Cuban Artist, Yoan Capote, Loans Sculpture to HBS

Three new sculptures have arrived on campus as part of Harvard Business School’s ongoing contemporary sculpture exhibition, which features works on one-year loan (begun in April 2016, and now in its third iteration). The first sculpture is by Cuban artist Yoan Capote, who was born in Havana, where he currently lives and works. His experience as Cuban shapes much of his work, which explores themes of migration and the human condition. As Capote has stated, “The common thread in all my work is that it is weighted in the condition of the human psyche.” Naturaleza Urbana, which was installed on Spangler Lawn in late April, consists of a large pair of handcuffs that connect two trees. The sculpture explores a range of issues, including captivity, fate, and human struggles, and is meant to inspire conversation. Capote represented Cuba along with three other artists at the Venice Biennale in 2011, and Naturaleza Urbana was previously on view at Art Basel Miami Beach in 2017. He has received numerous awards, including an International Fellowship Grant from the Guggenheim Foundation, a UNESCO Prize, and a Pollock-Krasner Foundation Grant.
  • APRIL 2018
  • ALUMNI NEWS

Sowing the Seeds of Leadership

Arturo Condo (DBA 2000), President of EARTH Univeristy, is bringing his entrepreneurial mindset, global perspective, and firm belief in the power of young people to change the world to his Costa-Rica based institution. EARTH is a private, nonprofit school that offers a four-year undergraduate degree in agricultural sciences and natural resources management and a master’s degree in agribusiness. The innovative university focuses on developing leaders who will seed sustainable, socially responsible development projects in economically challenged communities. Students come from 48 countries, predominately in Latin America and Africa.

New Research on the Region

  • 2018
  • Working Paper

Sustainability and Green Business in Latin America During Globalization Waves

This working paper examines the impact of modern business enterprise on the natural environment of Latin America during the globalization waves between the 19th century and the present day. It argues that although global capitalism created much wealth for the region, this was at the cost of massive ecological destruction in Latin America. During the first global economy considerable wealth was created from the exploitation of natural resources for the land-owning elite in Latin America, at the cost of large-scale ecological destruction. During the Great Reversal in the mid-20th century, public policies aimed at “catching up” resulted in the co-proliferation of hydro-electric schemes and resulting co-creation of ecological damage by firms and governments. In the new global economy since 1980, renewed economic growth and consumerism resulted in mountains of waste in increasingly polluted mega-cities. Biodiversity and the natural environment have been challenged across the subcontinent. However, there were interesting positives as these ecological horrors also created opportunities for a surprising cohort of green businesses across sectors ranging from beauty and health to ecotourism. In the 21st century, both business and governments in the region needed to address sustainability issues far more seriously, before a point of no return was reached.

  • Forthcoming
  • Article
  • Journal of International Business Studies

Organizational Innovation in the Multinational Enterprise: Internalization Theory and Business History

By: Teresa da Silva Lopes, Mark Casson and G. Jones

This article engages in a methodological experiment by using historical evidence to challenge a common misperception about internalization theory. The theory has often been criticized for maintaining that it assumes a hierarchically organized MNE based on knowledge flowing from the home country. This is not an accurate description of how global firms operate in recent decades, but this article shows it has never been true historically. Using longitudinal data on individual firms from the nineteenth century onwards, it reveals evidence of how entrepreneurs and firms with multinational activity faced by market imperfections changed the design of their headquarters and their organizational structures.

  • June 2018
  • Teaching Material

LabCDMX: Experiment 50

By: Mitchell Weiss and Matt Higgins

Teaching Note for HBS No. 817-031.

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