News, ideas, research & resources, in social entrepreneurship and philanthropy
(⏰ This month's newsletter is 1480 words long and takes 11 mins to read)
📢 News
+ Joe Biden's election comes at a crucial turning point in the history of US capitalism, commentators argue. Biden, who has previously called for an 'end to shareholder capitalism' will begin his presidency as American business leaders signal a move to stakeholder capitalism, and - in the wake of Black Lives Matter and coronavirus - commit to advancing racial equality and justice.
+ UK businesses are also taking steps to become more purposeful, according to a new survey. However, research has found their attempts to change are often inhibited by existing, unsupportive investment and legislative frameworks.
+ UK charities and non-profits have been debating their role and purpose, too. The National Trust was this week accused, by some of its five million members, of conducting a 'woke takeover'. This followed the charity's decision to explore the sometimes uncomfortable links between historic houses, wealth and slavery.
+ Also this month: calls for philanthropists to get more involved in politics... and calls for them to stay well away from politics; how not to pitch your startup idea; sustainable finance internships with Morgan Stanley; nominate a colleague (or yourself) for Forbes's 30 under 30. Plus: McKinsey's Dame Vivian Hunt on how to change business for good.
It's time to end slash-and-burn capitalism "It’s time to replace slash-and-burn capitalism with sustainable capitalism that provides the economic and political infrastructure needed to support a healthy economy." | Harvard Business Review (8 mins)
What is holding purpose-driven business back? UK businesses want to be more purposeful, so what is stopping them? New research identifies four ways purpose-driven business is being inhibited from having a positive social impact | ReGenerate (3 mins)
How to hold the corporate world accountable Professor Christopher Marquis of Cornell University, argues we need to be much more rigorous and critical in how we hold companies to account for their social impact | Fortune(4 mins)
Ditch the pitch 10 tips to sell your business ideas - without the hard sell, from Jeff Skinner, Executive Director of the Institute of Innovation and Entrepreneurship | London Business School (5 mins)
National Trust chair denies 'woke takeover' after complaints from members The National Trust, a UK charity with over 5 million members, finds itself at the centre of debate following its decision to explore the links between its historic houses, wealth and slavery | Independent (3 mins) > Philanthropy:
How philanthropy could help fix America's broken politics... US philanthropists should focus their resources on fixing the country's 'broken political system' according to a recent white paper which calls for a new form of 'political philanthropy' | Fortune (4 mins)
...The problem with philanthropy Should philanthropists meddle in politics? Sally Haslanger, Ford Professor of Philosophy and Women’s and Gender Studies at MIT, argues philanthropy undermines democracy | New Statesman (6 mins)
What donors want .... according to Richard Curtis, film writer, director, philanthropic leader and co-founder of Comic Relief | I.G Advisors podcast (33 mins)
How businesses can serve everyone, not just shareholders Dame Vivian Hunt, McKinsey & Company, on the necessary changes companies can make to embrace stakeholder capitalism — and how it could change business for good| Ted Talks (14 mins)
How do you design an organisation that is future ready? Focusing on three key trends: technology, sustainability and people. Discussion with Daniel Hulme, Satalia; Nishita Dewan, The Royal Society of Arts; Rosie Brown, Cook | B Corp UK (24 mins)
16-20 Nov:Pioneers of Change Summit Interactive and innovative solutions to the challenges faced by businesses during a global pandemic | World Economic Forum
18 Nov:Impact Revolution, Sir Ronald Cohen Sir Ronald Cohen, Chairman of the Global Steering Group (GSG), discusses his new book: Impact: Reshaping Capitalism to Drive Real Change, with Dame Minouche Shafik, LSE Director | Marshall Institute
23-24 Nov:Impact Investing Conference 25 speakers, inc: Claire Hedley, Goldman Sachs; Amit Bouri, GIIN; Karen Wilson, OECD; Sir Ronald Cohen, GSG
25 Nov:Social Enterprise Futures Bringing together 800 social entrepreneurs. Speakers inc: Paul Polman, James Timpson and Dr Myriam Sidibe | Social Enterprise UK
2 Dec:10½ lessons from experience Sir Paul Marshall, Chairman, Marshall Wace LLP and Marshall Institute co-founder, distils 35 years investing experience | LSE
Image: Change Please, a social enterprise supported by UnLtd
The Happy Startup School - Ideas Cafe How to build your startup the 'happy way' with a community of like-minded people.Monthly online meetup group for entrepreneurs
1. Forbes 30 Under 30 nominations
Nominate yourself, or someone else, for the Forbes 30 Under 30 2021 list of young social entrepreneurs and innovators. Closes 4 December
2. Maze X startup accelerator programme Four month programme supports impact ventures to grow. One week, Lisbon + remote. Apply by 21 December, for April, 2021, start
Doing well and doing good: LSE research on the hybrid economy Julian Le Grand, Professor of Social Policy at the LSE, reflects on the Beveridge 2.0 Symposium 2020. The symposium drew together LSE researchers working on aspects of hybrid economy | Marshall Institute, blog + slides and Zoom box chat
Strategies for responsible investing: emerging academic evidence Using Cambridge University as a case study, the authors describe the challenges of excluding undesirable assets from investment portfolios. They present evidence on the effectiveness of engaging with investee companies | Journal of Portfolio Management
💡Learn...
> Gender equality collective Free access to courses focused on gender issues, aimed at public servants, include: ‘An introduction to gender mainstreaming’; ‘How to master meetings in government’; and ‘Presenting data effectively'
Is there anything you would like to see included in this newsletter in future? Send your contributions, suggestions and feedback to marshallinstitute@lse.ac.uk
You are receiving this email, because you signed up for our newsletter on our website or registered to attend an event.
Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.
Our mailing address is:
Marshall Institute, 5 Lincoln's Inn Fields, WC2A 3BP
