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Should you be for-profit or nonprofit? Why not both?

Over the past fifteen years, I've had the opportunity to provide strategy for well over a hundred social change start-ups seeking to make the world a better place. The most common question they ask, "Should we be a for-profit or a nonprofit." My answer, "Why not consider both?" Let's review the advantages and disadvantages. The

More and More CEOs Are Taking Their Social Responsibility Seriously

Jana Partners, the activist hedge fund, isn’t known as a tree-hugging hippie sort of firm. Yet, last month it joined with the California State Teachers’ Retirement System to send a letter to Apple’s board warning about the effects of the company’s devices on children. The same month, Blackrock CEO Larry Fink sent a letter telling

2018-02-14T07:47:00-06:00Tags: |

Flourishing under an abusive boss? You may be a psychopath, study shows

hen you hear the term “psychopath,” you probably picture Charles Manson or Jeffrey Dahmer. Psychologists, however, define it as a personality trait, and we all fall somewhere along a scale from low to high levels of psychopathy. In the workplace, employees respond differently to abusive management styles, in part due to their varying levels of

2018-02-03T10:31:48-06:00Tags: |

Alumni startup combines social impact, corporate gifting

USC alumni are sparking change by combining social impact with corporate gifting. After spending years working in both nonprofit and corporate fields, USC alumna Laura Hertz launched Gifts for Good, a full-fledged social enterprise company which has already funded a year of drinking water for nearly 900 people in Central Africa. “We’re all over the

ftcash helps Indian businesses accept cashless payments and loans them money

A Mumbai-based startup called ftcash is helping small businesses in India move beyond cash. In some cases, it’s also providing loans to fund their operations. Co-founder Vaibhav Lodha, who demonstrated ftcash on-stage today at TechCrunch’s Startup Battlefield, said he first got the idea from his newspaper vendor, who complained that none of his customers seemed

2017-12-04T08:32:36-06:00Tags: |

Black-white earnings gap returns to 1950 levels

After years of progress, the median earnings gap between black and white men has returned to what it was in 1950, according to new research by economists from Duke University and the University of Chicago. The experience of African-American men is not uniform, though: The earnings gap between black men with a college education and

Why Do People Buy Things? It’s Not Why You Think, According to a Brilliant Harvard Professor

Most marketers focus on the wrong information, says bestselling author Clay Christensen. Why do people buy things? If you answered, "Because they want them or need them," you're only partly right, according to Clayton Christensen, Harvard professor and author of the bestselling The Innovator's Dilemma. In a keynote presentation at last month's Qualtrics Insight Summit, Christensen explained his view of why

Struggling with different work identities? Your work may suffer

COLUMBUS, Ohio – Few people are just one person at work. You may be both a manager and an employee. Or you may be a salesperson who represents two very different brands. Now a new study suggests that how you juggle those different work identities may affect your job performance. Employees who believe their different

2017-05-30T05:58:52-06:00Tags: |

Personality Factors Are Best Defense Against Losing Your Job to a Robot

Worried robots will take your job? Researchers say people who are more intelligent and who showed an interest in the arts and sciences during high school are less likely to fall victim to automation. Later educational attainment mattered, but researchers said the findings highlight the importance of personality traits, intelligence and vocational interests in determining

2017-05-30T05:53:19-06:00Tags: |

The European Society of Human Genetics condemns move to impose obligatory genetic testing for employees in the USA

A Bill that would allow companies to require employees to undergo genetic testing and disclose the results to their employers, or risk having to make health insurance payments of thousands of dollars extra, was recently approved by the US House of Representatives Committee on Education and the Workforce, with all 22 Republicans supporting it and

2017-05-27T07:28:26-06:00Tags: |

Change at Work Linked to Employee Stress, Distrust and Intent to Quit, New Survey Finds

At a time of change and uncertainty across the country, American adults who have been affected by change at work are more likely to report chronic work stress, less likely to trust their employer and more likely to say they plan to leave the organization within the next year compared with those who haven’t been

2017-05-27T07:19:26-06:00Tags: |

The Countries Most (and Least) Likely to be Affected by Automation

Around the world, automation is transforming work, business, and the economy. China is already the largest market for robots in the world, based on volume. All economies, from Brazil and Germany to India and Saudi Arabia, stand to gain from the hefty productivity boosts that robotics and artificial intelligence will bring. The pace and extent

2017-04-17T20:00:58-06:00Tags: |

Hiding Products From Customers May Ultimately Boost Sales

Is it smart for retailers to display their wares to customers a few at a time or all at once? The answer depends largely on the product category, according to research by Kris Johnson Ferreira and Joel Goh. Retailers routinely swap out the products they display to customers. It’s called assortment rotation, and it’s a

2017-03-15T10:40:36-06:00Tags: |

Why Credit Unions Are Stealing The Banking Spotlight

The evolution of consumer expectations has greatly impacted the banking landscape, putting the pressure on banks both big and small to keep pace with the change. For credit unions, which have gained attention more recently as being the “cool” option for banking, staying relevant in a competitive and growing banking sector means relying on more

2017-03-07T13:50:08-06:00Tags: |

It Changed My Life: Labour of love putting the poor to work

Mr Mok is the founder and chief executive of Backstreet Academy, a start-up which curates localised experiences, tours and activities - from knife-making in Luang Prabang to insect cooking in Siem Reap and archery in Yogyakarta - for travellers. More than just a money-making venture, however, the peer-to-peer platform sets out to help artisans and

2017-03-06T08:34:38-06:00Tags: |

Why a toxic workplace is now a much bigger liability for companies

Corporate culture has long been the sort of squishy management consultant term that’s hard to define, even harder to change, and the recipient of lots of lip service yet most of the time very little action by chief executives. But however amorphous the phrase may be, its importance was stamped into stark relief this week after a

2017-03-06T07:56:24-06:00Tags: |