Faculty & Research

Facilitating faculty research and case development on an international scale

Our unprecedented network of research centers and regional offices in key areas of the world enable faculty to work with leaders, industry, government, and academia worldwide, and to learn from business challenges and innovations wherever they occur. Through sustained work in the field, faculty are provided the opportunity to immerse themselves in the culture and values – as well as intricacies and nuances – that lead to truly meaningful and insightful global research.

Research Centers & Offices

More than half the faculty are actively involved in international research, developing high-impact cases and course materials on relevant global issues and innovations.

New Research

2020
Book Chapter

Climate Change Is Going to Transform Where and How We Build

By: John D. Macomber

As fires, floods, and droughts increasingly threaten homes, businesses, and other institutions, climate risk has become financial risk. This implies that homeowners and investors have been making location decisions without properly pricing the cost of potential peril, and that the government has been enabling the oversight. It’s not just homeowners investing recklessly—many businesses have been equally short-sighted in where they place new assets, such as factories, and what to do with existing assets in once-safe areas now threatened by these perils. While laudatory efforts continue to mitigate climate change at the international level, it’s long past time to accept that the climate is already irreversibly changing, and we must adjust our mindset accordingly. We can’t just keep piling sandbags, pumping basements, dousing flames, and expecting government bailouts forever; a methodology is needed for homeowners, businesses, mortgage holders, governments—all of society—to figure out which assets to reinforce and what other courses of action are available. Alas, we seem to be headed in the wrong direction. While virtually no private insurance companies retain residential flood risk in Florida, Virginia, and other coastal states due to sea rise, government-subsidized programs such as NFIP continue to keep residences insured. Making things even worse is a general lack of restrictions on where one can build and what can be built. A society that prides itself on free will and self-determination is loath to say what a property owner can and cannot build on their own land as long as it meets rudimentary building and zoning codes: So more and more people move into harm’s way in flood plains, low-lying coastal areas, and tinder dry western landscapes. There are five basic choices in investing in resilience: reinforce, rebuild, rebound, restrict, and retreat. Together, they can be used as a decision-support tool for what to do with assets exposed to climate risk.

Article
Academy of Management Journal

Seeing Oneself as a Valued Contributor: Social Worth Affirmation Improves Team Information Sharing

By: Julia Lee Cunningham, Francesca Gino, Dan Cable and Bradley Staats

Teams often fail to reach their potential because members’ concerns about being socially accepted prevent them from offering their unique perspectives to the team. Drawing on relational self and self-affirmation theory, we argue that affirmation of team members’ social worth by trusted people outside the team helps them internalize an identity as a valued contributor, thereby reducing social acceptance concerns and facilitating information sharing in teams. We devised three intervention studies to demonstrate the causal effect of social worth affirmation in teams. In Study 1, senior executive teams in which members experienced social worth affirmation performed better on a crisis simulation that required information sharing in teams (compared to control teams). In Study 2, with U.S. military cadets, we examined social acceptance concerns as a mechanism by which social worth affirmation influences information sharing. In Study 3, we showed that social worth affirmation improves virtual teams’ ability to share information by exchanging unique information cues. Our results suggest that affirmation of the social worth of team members through their personal relationships broadens their sense of self, thereby reducing their social concerns about being accepted by other members. This, in turn, leads to better information sharing in teams.

September 2020
Case

Disrupting Justice at RightNow: Persevere, Pivot or Perish

By: Shikhar Ghosh and Amir Reza Rezvani

The case examines the focus of an early stage company, and how an unexpected external incidence can threaten or void the business model. It encompasses issues such as defining and pivoting a business model, organizational requirements for a pivot, investor relations, disruptive business models, as well as business conduct in continental Europe. In 2017, Dr. Torben Antretter, a former competitive tennis player and academic researcher, founded RightNow with his two co-founders. RightNow was set out to provide consumers with “Justice-as-a-Service” by purchasing their legal claims that they would not pursue otherwise. Just one year after its inception, the company had closed a 25 million financing to increase its market share and leverage further growth opportunities. Upon closing of this financing round, matters took a sudden and unexpected turn when the National Supreme Court announced a ruling that airlines were no longer required to refund flight tickets. This decision wiped out RightNow’s profit margins. Antretter and his co-founders had to decide what they should do with the business. How should the founders approach investors? Should they quit and walk away from their entrepreneurial dream or try to reinvent the business with a different focus? What would be the strategy going forward?

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Global Colloquium for participant-centered learning

For senior faculty at top business schools in emerging economies who want to be trained in interactive methods of teaching and learning. GloColl comprises a seven-day session held on the HBS campus, followed by a three-day session held in two cities in Asia, Europe, or Latin America each year.

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In the News

- 08 Sep 2020
- Harvard Business Review
Creating More Resilient Supply Chains

Re: Willy Shih
- 28 Aug 2020
- VoxDev
Subsidising stability: State employment in China

By: Jaya Wen
- 07 Aug 2020
- Forum Lecture Series
Hari Sreenivasan of PBS NewsHour Interviews William Kirby

Re: William Kirby

08 Sep 2020
Harvard Business Review

Creating More Resilient Supply Chains

Re: Willy Shih

28 Aug 2020
VoxDev

Subsidising stability: State employment in China

By: Jaya Wen

07 Aug 2020
Forum Lecture Series

Hari Sreenivasan of PBS NewsHour Interviews William Kirby

Re: William Kirby

→More News