Thursday, August 30, 2018
Grant supports research on women's economic mobility and workforce social enterprise
The Georgetown Institute for Women, Peace and Security (GIWPS) and the Global Social Enterprise Initiative (GSEI) at the McDonough School of Business have been awarded a $1 million grant from the Bank of America Charitable Foundation.
This marks the second time the foundation has partnered with these two Georgetown entities to expand knowledge on workforce issues and women’s economic mobility.
The foundation aims to help build thriving communities by addressing issues fundamental to economic mobility, including workforce development and education, basic needs, and community development.
Ambassador and Executive Director of GIWPS Melanne Verveer says the grant will enable the development of major research on how to create economic opportunities for women in fragile states.
It will also support a Bank of America Research Fellow for the 2018-2019 academic year, Raiyan Kabir (MPP’17), as well as a Research Fellow for 2019-2020. During the first phase of its research, GIWPS will focus on successful interventions to increase women's economic empowerment in conflict-affected nations.
The study will launch at the Bank of America conference on women’s entrepreneurship in Dublin, Ireland, this fall.
“There are a growing number of fragile states in the world. Women’s economic empowerment is an issue of utmost importance because it is critical for economic viability, political stability, and peace and security,” says Ambassador Verveer. “This important research will fill a critical need by contributing to what we know about creating economic opportunity and improving conditions for women.”
“Bank of America has been dedicated to women’s entrepreneurship and building their capacity to succeed. Its support for the research Georgetown will undertake is an example of its ongoing commitment.”
Bank of America’s past support to GIWPS contributed to the first-ever Women, Peace and Security index (link is external), which looked at three dimensions affecting women’s well-being – inclusion, access to justice, and security. The index ranked more than 150 countries based on factors such as women’s workplace participation, girls’ education, and freedom from violence and discrimination.
Executive Director of GSEI Leslie Crutchfield says Bank of America’s grant will support a first-of-its-kind study of the breadth of social enterprise as an expanding field in the United States.
“We are trying to understand how the social enterprise movement is accelerating economic mobility for the nation’s most vulnerable and marginalized people,” Crutchfield says. “We know that social enterprise is on the rise in the U.S., and GSEI is excited to develop new knowledge designed to help enterprise leaders achieve even greater impact for people and the planet, while also maintaining a sustainable financial bottom line.”
GSEI will research social enterprise across the entire spectrum of purpose-driven companies, including those at the top of the business food chain, where large global companies use all of the company’s assets to advance causes and create shared value as well as small and growing enterprises.
Some social enterprises, she explains, are designed to benefit hard-to-employ or vulnerable populations that have otherwise been excluded from mainstream economic systems. Enterprises may employ people with disabilities or recruit formerly incarcerated individuals, people without homes, and adults left out of quality education systems. Social enterprise businesses aim to create economic opportunities for marginalized workers, and at the same time turn a profit.
Bank of America says the research will help further its work on advancing economic mobility, a core part of its focus on Environmental, Social, and Governance (ESG) leadership.
“We are guided by a common purpose to make financial lives better,” says President of the Bank of America Charitable Foundation Kerry Sullivan. “Supporting research and programs like those at Georgetown is a key demonstration of how we deploy capital and invest in partnerships that advance women entrepreneurs and build thriving communities.”
In addition, the grant will help GSEI build a new rural prosperity initiative designed to drive private investment into low-income rural communities in the United States.
It will also continue a dynamic leadership speaker series at campus events that has featured Chairman and CEO of Bank of America Brian Moynihan in conversation with Chairman and CEO of Berkshire Hathaway Warren Buffett, lead singer of U2 and philanthropist Bono, and American filmmaker Ken Burns.
“We are very proud that Bank of America is our founding partner,” Crutchfield says. She explains that by clearly integrating Environmental, Social, and Governance into the way it does business, Bank of America exemplifies the core values that GSEI aspires to instill in students.
“Educating our students to be in service to business and society is part of our Jesuit values,” Crutchfield says. “We want students who pass through our doors to leave Georgetown believing and understanding that there’s more than one bottom line in their careers and in life; and no matter what they do after graduation, they’re more equipped to think and act in responsible ways.”
Don Tapscott appointed adjunct professor and partnership with Blockchain Research Institute signed
Middle East, Asia, Europe
27 August 2018
INSEAD, the business school for the world, today announces the appointment of Don Tapscott, a leading authority on the digital age, as Adjunct Professor of Technology and Operations Management with effect from 1 September 2018. INSEAD has also agreed on a two-year partnership with The Blockchain Research Institute (BRI), a think tank co-founded by Mr. Tapscott.
Blockchain is transforming business with far-reaching implications for the global economy and society. It is widely known as the technology that underpins Bitcoin and other cryptocurrencies, and is referred to by Mr. Tapscott as the “Internet of value.” Blockchain also holds great potential for many more applications such as secure and validated data transactions. These applications can strengthen and stabilize developing markets, which opens opportunities around the world.
To prepare future business leaders to tap into the potential of this exciting emerging technology, the INSEAD–BRI partnership will advance research on the evolving blockchain technology and its impact on business and society.
Peter Zemsky, Deputy Dean at INSEAD and Dean of Innovation, states that “Blockchain technology will fundamentally create new business models, transform most industries, and even disrupt the disruptors. INSEAD needs to be on top of this new wave of change to prepare future leaders for this transformation. We warmly welcome Don to the institution and look forward to partnering with BRI to take research and business applications of blockchain technology to a whole new level.”
Don Tapscott comments that “Blockchain represents nothing less than the second era of the internet, but to fully realize its potential we need to make sure business leaders are educated about its strategic implications. That was what motivated us to start the BRI, and it’s why I look forward to working with INSEAD as they educate the global business leaders of tomorrow.”
Don Tapscott is the CEO of The Tapscott Group and the Co-founder and Executive Chairman of The Blockchain Research Institute. He is a globally recognized thought leader in this field and the author of 16 books, including worldwide best-sellers Wikinomics: How Mass Collaboration Changes Everything and Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies is Changing the World. Mr. Tapscott is a member of the Order of Canada and ranked the number two most influential Management Thinker and number one Digital Thinker in the world by Thinkers50.
Under the partnership, joint research, teaching, and seminars will be conducted to better understand how this technology can change the way organizations are managed and prepare business leaders for a new definition of competition. The partnership will also support the development of an INSEAD online programme for business leaders to leverage the possibilities and strategic value of blockchain technology.
About INSEAD, The Business School for the World
As one of the world's leading and largest graduate business schools, INSEAD brings together people, cultures and ideas to change lives and to transform organisations. A global perspective and cultural diversity are reflected in all aspects of its research and teaching.
With campuses in Europe (France), Asia (Singapore) and the Middle East (Abu Dhabi), INSEAD's business education and research spans three continents. The school’s 145 renowned Faculty members from 40 countries inspire more than 1,400 degree participants annually in its MBA, Executive MBA, Executive Master in Finance, Executive Master in Consulting and Coaching for Change and PhD programmes. In addition, more than 10,000 executives participate in INSEAD's executive education programmes each year.
In addition to INSEAD's programmes on its three campuses, INSEAD participates in academic partnerships with the Wharton School of the University of Pennsylvania (Philadelphia & San Francisco); the Kellogg School of Management at Northwestern University near Chicago; the Johns Hopkins University/SAIS in Washington DC and the Teachers College at Columbia University in New York; and MIT Sloan School of Management in Cambridge, Massachusetts. In Asia, INSEAD partners with the School of Economics and Management at Tsinghua University in Beijing, and China Europe International Business School (CEIBS) in Shanghai. INSEAD is a founding member in the multidisciplinary Sorbonne University created in 2012, and also partners with Fundação Dom Cabral in Brazil.
INSEAD became a pioneer of international business education with the graduation of the first MBA class on the Fontainebleau campus in Europe in 1960. In 2000, INSEAD opened its Asia campus in Singapore. And in 2007 the school began an association in the Middle East, officially opening the Abu Dhabi campus in 2010.
Around the world and over the decades, INSEAD continues to conduct cutting-edge research and to innovate across all its programmes to provide business leaders with the knowledge and sensitivity to operate anywhere. These core values have enabled us to become truly "The Business School for the World”.