Fees include: all sessions, breakfast, lunch, coffee breaks, drinks reception, copies of the six books, and the Spring 2021 issue of Rotman Management magazine.
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8:00 check-in, breakfast
9:00 sharp Welcome by Tiff Macklem, Dean and Professor of Finance, Rotman
9:05 The 360° Corporation: From Stakeholder Trade-Offs to Transformation (by S. Kaplan for Stanford Business Books, 2019)
Book Talk by Sarah Kaplan, Director and Professor - Institute for Gender and the Economy, Distinguished Professor of Gender and the Economy and Professor of Strategic Management, Rotman; Senior Fellow – Mack Institute for Innovation Management, Wharton; Best-Selling Author
Book Synopsis: The business world is no longer entirely a “total returns to shareholders” game. Corporations are increasingly expected to address the interests of multiple stakeholders through corporate social responsibility. This pressure comes from “clicktivists,” socially-conscious consumers, Millennials, and a new generation of investors focused on ESG (environmental, social and governance) standards. The urgency for moving beyond the “bottom line” mindset has never been greater. Yet, the popular “shared value” framework uses a business case logic to inspire companies to find win-win solutions. But what if there is no win-win? How can companies cope when the interests of the shareholder and those of other stakeholders such as communities, workers, consumers, suppliers, and the environment conflict irreconcilably? This book is designed to provide answers to these questions, showing leaders how to engage with stakeholders to create possibilities for everyone, and to foster innovative business model transformation. Companies can look through the lenses of different stakeholders—taking a 360° view—and see new ways of doing business. The 360° Corporation is an organization that can tackle the tensions created by these trade-offs, and this book offers signposts to leaders who want to spearhead the 360° revolution. Using rich case studies of Walmart, Nike and other leading companies, this book shows every organization can address its trade-offs. Sometimes there’s a “win-win”; sometimes, creative thinking may lead to innovation; and, other times companies will have to thrive in irreconcilable tensions. The 360° Corporation addresses all of these modes of action, serving as a comprehensive playbook for managers, CEOs, and innovators who are burned out by constantly being tugged in many different directions.
10:30 Innovation + Equality: How to Create a Future That Is More “Star Trek” Than “Terminator” (by J. Gans and A. Leigh for MIT Press, 2019)
Book Talk by Joshua Gans, Jeffrey S. Skoll Chair of Technological Innovation and Entrepreneurship, Professor of Strategic Management and Chief Economist - Creative Destruction Lab, Rotman; Author
Book Synopsis: Is economic inequality the price we pay for innovation? The amazing technological advances of the last two decades—in such areas as artificial intelligence, genetics and materials — have benefited society collectively and rewarded innovators handsomely: we get cool smartphones and technology moguls become billionaires. This contributes to a growing wealth gap: in the United States, the wealth controlled by the top 0.1 percent of households equals that of the bottom ninety percent. Is this the inevitable cost of an innovation-driven economy? Economists Joshua Gans and Andrew Leigh make the case that pursuing innovation does not mean giving up on equality. Precisely the opposite. In this book they outline ways that society can become both more entrepreneurial and more egalitarian. All innovation entails uncertainty; there’s no way to predict what new technologies will catch on. Therefore, Gans and Leigh argue, rather than betting on the future of particular professions, we should consider policies that embrace uncertainty and insure people against unfavorable outcomes. To this end, they suggest policies that promote both innovation and equality. If we encourage innovation in the right way, our future can look more like the cheerful techno-utopia of Star Trek than the dark techno-dystopia of Terminator. This book is about how to get more innovation and more equality.
11:15 Rules for a Flat World: Why Humans Invented Law and How to Reinvent It for a Complex Global Economy (by G. Hadfield for Oxford University Press, 2017)
Book Talk by Gillian Hadfield, Schwartz Reitman Chair in Technology and Society, Professor of Law, Professor of Strategic Management and Director - Schwartz Reisman Institute for Technology and Society, University of Toronto; Faculty Affiliate, Vector Institute for Artificial Intelligence; Faculty Affiliate, Center for Human-Compatible AI at the University of California, Berkeley; Author
Book Synopsis: How can we promote economic progress in a staggeringly complex global system? In the bestselling book The World is Flat, Thomas Friedman argued that technology and globalization have leveled the playing field among workers and innovators worldwide. But why, ten years after he proposed this thesis, are billions of people around the world still locked out of global prosperity and security? In Rules for a Flat World, law and economics professor Gillian Hadfield points to an outdated legal infrastructure as the cause of stagnating progress in the global economy. The world's biggest corporations are struggling to manage workers, and advance a consistent strategy, in dozens of countries at once. Small businesses are being crushed by disruption a hemisphere away. Billions of people who constitute the bottom of the economic pyramid are still shut out of the technological, legal, and medical advancements that the other half of the world enjoys. Put simply, the law and legal methods on which we currently rely have failed to evolve along with technology. Hadfield argues not only that these systems are too slow, costly, and localized to support an increasingly complex global economy, but also that they fail to address looming challenges such as global warming, poverty, and oppression in developing countries. Instead of growing more agile and less expensive, our legal infrastructure is drowning in costs and complexity, all the while growing less capable of responding to the needs of businesses, governments, and ordinary people. Through a sweeping review of the emergence and evolution of law over thousands of years, Hadfield makes the case that our existing methods of producing law-via legislatures, courts, and bureaucracies-need supplementing. Markets, she argues, have the capacity to spur investment in regulation so that we can better manage smarter, faster, and more complicated economic systems. Combining an impressive grasp of the empirical details of economic globalization with an ambitious re-envisioning of our global legal system, Rules for a Flat World is a crucial and influential intervention into the debates surrounding how best to manage the evolving global economy.
12:15 box lunches
1:00 Think. Do. Say.: How To Seize Attention and Build Trust in a Busy, Busy World (by R. Tite for Page Two Books, 2019)
Book Talk by Ron Tite, Founder and CEO, Church+State Marketing Agency; Host and Executive Producer, The Coup podcast; Author
Book Synopsis: People today are inundated with non-stop content, broken promises, endless product extensions-and pressure from articles titled, "The 7 Things That Successful People Do Every Day." They don't know where to look or who to trust. So how do you win their time, and their confidence? From renowned advertising creative director Ron Tite comes a powerful approach to cutting through the noise-three words: Think. Do. Say. Ditch the jargon, and start making good things happen for you and your organization.
2:00 Reimagining Capitalism in a World on Fire (by R. Henderson for PublicAffairs, Apr. 28, 2020)
Book Talk by Rebecca Henderson, McArthur University Professor, Harvard University; Research Fellow, National Bureau of Economic Research; Corporate Director, Amgen and Idexx; Author
Book Synopsis: In this book a renowned Harvard professor debunks prevailing orthodoxy with a new intellectual foundation and a practical pathway forward for a capitalism, a system that has lost its moral and ethical foundation. Free market capitalism is one of humanity's greatest inventions and the greatest source of prosperity the world has ever seen. But this success has been costly. Capitalism is on the verge of destroying the planet and destabilizing society as wealth rushes to the top. The time for action is running short. Rebecca Henderson's rigorous research in economics, psychology, and organizational behavior, as well as her many years of work with companies around the world, gives us a path forward. She debunks the worldview that the only purpose of business is to make money and maximize shareholder value. She shows that we have failed to reimagine capitalism so that it is not only an engine of prosperity but also a system that is in harmony with environmental realities, striving for social justice and the demands of truly democratic institutions. Henderson's deep understanding of how change takes place, combined with fascinating in-depth stories of companies that have made the first steps towards reimagining capitalism, provides inspiring insight into what capitalism can be. With rich discussions of how the worlds of finance, governance, and leadership must also evolve, Henderson provides the pragmatic foundation for navigating a world faced with unprecedented challenge, but also with extraordinary opportunity for those who can get it right.
3:20 Driving Innovation From Within: A Guide for Internal Entrepreneurs (by K. Krippendorf for Columbia Business School Publishing, 2019)
Book Talk by Kaihan Krippendorff, Founder, Outthinker and Outthinker Strategy Network; Author
Book Synopsis: Conventional business wisdom tells us that entrepreneurs are society’s main source of innovation. Young founders leave college with a big idea, get to work in a garage, and build something that changes the world. Typical corporate employees, strangled by slow-moving bureaucracy, are blocked from making transformative discoveries. In Driving Innovation from Within, strategist and advisor Kaihan Krippendorff disproves one of today’s biggest business myths to highlight lessons for innovators and leaders. He reveals how many of the modern world’s most impactful creations were invented by passionate employee innovators. If it were left up to go-it-alone entrepreneurs, we would not have mobile phones, personal computers, or e-mail. Distilling more than 150 interviews with internal innovators and leading experts along with insights from the latest research and today’s most successful companies, from Tencent and Amazon to Mastercard and Starbucks, Krippendorff lays out a step-by-step playbook to unlock innovation from the inside. He maps the barriers that frustrate efforts to disrupt from within and provides tools to remove them, detailing how visionary leaders can create islands of freedom inside an organization to activate existing employees’ potential and beat startups at their own game. Driving Innovation from Within is a practical and inspiring guide to leadership from all levels for those who want the fulfillment of changing the world without leaving their job in order to do it.
4:30 drinks reception (in Fleck Atrium)
5:00 bar closes
Joshua Gans holds the Jeffrey S. Skoll Chair in Technical Innovation and Entrepreneurship and is a Professor and Area Coordinator of Strategic Management at Rotman, with a cross-appointment in the Department of Economics. Joshua is also Chief Economist of the University of Toronto's Creative Destruction Lab. Joshua’s research is primarily focused on understanding the economic drivers of innovation and scientific progress, and has core interests in digital strategy and antitrust policy. Joshua is the department editor of Management Science, managing director of the Core Research consultancy and writes regularly for HBR and Digitopoly. Prior to 2011, he was the foundation Professor of Management (Information Economics) at the Melbourne Business School, University of Melbourne. Before that he was at the School of Economics, University of New South Wales. In 2011, Joshua was a visiting researcher at Microsoft Research in New England. Joshua holds a Ph.D. from Stanford University and an honors degree in economics from the University of Queensland. Joshua has authored and co-authored 12 books including the recent title, Prediction Machines: The Simple Economics of Artificial Intelligence. In October 2019 Joshua’s newest and 12th book was published by MIT Press, which he co-authored with Andrew Leigh, titled Innovation + Equality: How to Create a Future That Is More Star Trek Than Terminator.
Gillian Hadfield is Professor of Law and Professor of Strategic Management at the University of Toronto, and a faculty member at the Vector Institute. Her research is focused on innovative design for legal and dispute resolution systems in advanced and developing market economies; governance for artificial intelligence (AI); the markets for law, lawyers, and dispute resolution; and contract law and theory. She teaches Contracts; Problems in Legal Design; Legal Design Lab, and Responsible AI. Prior to rejoining the University of Toronto in 2018, Professor Hadfield was the Richard L. and Antoinette Schamoi Kirtland Professor of Law and Professor of Economics at the University of Southern California (USC) from 2001 to 2018. She began her teaching career at the University of California Berkeley and was previously on the University of Toronto Faculty of Law from 1995-2000. Her book Rules for a Flat World: Why Humans Invented Law and How to Reinvent It for a Complex Global Economy was published by Oxford University Press in 2017.
Rebecca Henderson is the McArthur University Professor at Harvard University (the highest honor that can be awarded to a faculty member), where she teaches the acclaimed course "Reimagining Capitalism." Henderson spent the first twenty-one years of her career at MIT's Sloan School where she was "teacher of the year" and where her research focused on the economics of innovation and on the question of how large organizations can reinvent themselves. Inducted in to the American Academy of Arts and Science in 2018, Henderson is also a Research Fellow at the National Bureau of Economic Research and the recipient of a number of academic prizes, including most recently the Viipuri Prize for strategy research and a recent election to the British Academy. Henderson's academic career is complemented by a deep engagement with the practice of management. She has been on the boards of Amgen, a Fortune 200 company, for eight years, and Idexx, an S&P 500 company, for fifteen years. She has also consulted with a wide variety of companies including IBM, Motorola, Cisco, Nokia, Eli Lilly, BP, ENI, Unilever, and P&G, and is routinely invited to speak to executives around the world.
Sarah Kaplan is the Founder and Director of the Institute for Gender and the Economy at Rotman and a Distinguished Professor of Gender and the Economy and Professor of Strategic Management here. Her work as Director of the Institute for Gender and the Economy, otherwise known as GATE, has been covered in the news and internationally published. Sarah has been working intensely with the federal government on tackling the gender wage gap in Canada. Before coming to Rotman, Sarah was a professor at Wharton and a consultant and innovation specialist for nearly a decade at McKinsey & Company in New York. She completed her doctoral research at the Sloan School of Management at MIT. She has a BA with honors in Political Science from UCLA and an MA in International Relations and International Economics with distinction from the School for Advanced International Studies at Johns Hopkins University. Sarah is a co-author of the bestselling business book, Creative Destruction: Why Companies That Are Built to Last Underperform the Market--And How to Successfully Transform Them, as well as Survive and Thrive: Winning Against Strategic Threats to Your Business. Her new book The 360° Corporation: From Stakeholder Trade-offs to Transformation was published in September 2019 by Stanford Business Books.
Kaihan Krippendorff began his career as a strategy consultant with McKinsey & Company before founding the growth strategy and innovation consulting firm Outthinker. An accomplished author, Kaihan has written four books on business strategy, growth, and transformation, most recently Driving Innovation From Within: A Guide for Internal Entrepreneurs (Columbia University Press, 2019). Amidst his schedule of keynotes, consulting projects, ongoing research and writing, Kaihan still finds time to be a consultant with Wharton Executive Education, faculty member of Florida International University, teacher of design strategy at Parsons School of Design, and lecturer at business schools throughout the US and internationally. Kaihan is an advisory board member for a blockchain-powered transportation platform, an international food processing/exporting company, and a B-corporation focused on sustainable products and lifestyle. He earned a MBA at Columbia Business School and London Business School, a Bachelor of Science in finance from Wharton Business School, and a Bachelor of Science in mechanical engineering from the University of Pennsylvania, and he holds a Doctorate of Science in economics.
Ron Tite is Founder and CEO of Church & State, a content marketing agency based in Toronto. His work has been recognized by The London International Advertising Awards, The New York Festivals of Advertising, The Crystals, The Extras, The Canadian Marketing Association, and The Marketing Awards, to name just a few. Tite is also executive producer and host of the Canadian Comedy Award-winning show “Monkey Toast”, and publisher of the award-winning and bestselling humour book, This is That Travel Guide to Canada, with CBC Radio’s hit show, “This is That”. He has written for a number of other television series, penned a children’s book, and wrote, performed, and produced the play, The Canadian Baby Bonus. Tite is also the author of two books. He co-authored his first book, Everyone’s An Artist (Or At Least They Should Be), in 2016, and released his second book, Think. Do. Say.: Building Personal and Organizational Momentum in a Busy, Busy World, in October 2019.
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