Minority-owned Businesses - Publications - Faculty & Research - Harvard Business School

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October 2021
Case

Diversifying P&G's Supplier Base (A)

By: Kris Ferreira, Kym Lew Nelson, Carin-Isabel Knoop and Sarah Mehta

In February 2003, P&G hosted two meetings—one with its largest woman- and minority-owned suppliers and one with its largest non-minority-owned suppliers. Attendees in each meeting heard the same message: P&G was keen to grow its commitment to inclusive supply chains,... View Details

Keywords: Business Ventures; Mergers and Acquisitions; Business Model; Business Organization; Family Business; Joint Ventures; Demographics; Diversity; Ethnicity; Race; Ethics; Fairness; Ownership; Supply Chain Management; Consumer Products Industry; Service Industry; United States; Ohio

November 2021 (Revised March 2022)
Case

Pacesetters

By: Jeffrey J. Bussgang and Mel Martin

City Sealcoating CEO Keith Chaney had just publicly called out the Boston Chamber of Commerce for their slow progress on their supplier diversity program, Pacesetters. Established in 2018 by regional business leaders, Pacesetters was supposed to facilitate... View Details

Keywords: Racial Wealth Gap; Procurement; Suppliers; Diversity; Programs; Small Business; Restructuring; Contracts; United States; Boston

February 2024 (Revised May 2024)
Case

Johnson Security Bureau: Building Multigenerational Success

By: Henry McGee, Annelena Lobb and David Muoser

Jessica Johnson-Cope, CEO of Johnson Security Bureau (JSB), pondered options for scaling the firm. JSB was the oldest Black-owned security firm in New York, and among the oldest Black-owned security firms in the United States. It provided mostly unarmed security guards... View Details

Keywords: Business Growth and Maturation; Gender; Race; Cybersecurity; Growth and Development Strategy; Competitive Strategy; Expansion; New York (state, US)

January 2018
Case

John Rogers, Jr.—Ariel Investments Co.

By: Steven Rogers and Greg White

John Rogers Jr., the founder and CEO of Ariel Investments, an enormously successful finance firm with $12 billion of invested capital, is one of the few African Americans in the asset management industry. As one of the high profile leaders in the black business... View Details

Keywords: Advocacy; Diversity; Investment Management; Affirmative Action; Disruption; Cost vs Benefits; Corporate Entrepreneurship; Fairness; Moral Sensibility; Values and Beliefs; Corporate Accountability; Leading Change; Corporate Social Responsibility and Impact; Problems and Challenges; Financial Services Industry; Chicago

29 Jul 2017
News

Fund managers challenged to confront lack of ethnic diversity

Kym Lew Nelson

Kym Lew Nelson joined the NOM unit of the Harvard Business School as a Visiting Lecturer in January of 2020. In July of 2020, she became a Senior Lecturer in the Negotiations unit. Prior to joining the faculty, Kym was a guest lecturer in the Negotiations class at... View Details

24 Oct 2023
Research & Ideas

When Tech Platforms Identify Black-Owned Businesses, White Customers Buy

visits—boosting in-store traffic by about 10 percent. “Technology companies can play a role in working toward racial equity.” The study, called “The Benefits of Revealing Race: Evidence from Minority-Owned Businesses,” also found that... View Details

Keywords: by Jay Fitzgerald; Food & Beverage

Web

HBS - The year in Review

the first campus construction projects completed after the launch of the Advancing Racial Equity plan , the renovation reflects the School’s efforts to partner with minority-owned businesses and bolster job... View Details

Web

HBS - The year in Review

2023 Annual Report From The Dean Key Metrics Financials PDF Downloads The Year in Review Notable progress was made during FY23 in advancing the School’s priorities. Accelerating research on how digital and data are transforming management and society. Delving more... View Details

18 Nov 2022
HBS Case

What Does It Take to Safeguard a Legacy in Asset Management?

in a business environment awakening to equity and inclusion. One of the first Black portfolio managers, Eddie Brown, founded the eponymous firm in 1983. It was only the second Black-founded investment firm in the US. Its performance in... View Details

Keywords: by Rachel Layne; Financial Services

21 Jul 2014
Research & Ideas

Is a Gap in Small-Business Credit Holding Back the American Economy?

Protection Bureau with requiring banks to collect and maintain certain data in connection with credit applications made by women- or minority-owned businesses and small businesses.) However, the information... View Details

Keywords: by Karen Mills; Manufacturing

27 Sep 2004
Research & Ideas

IBM Finds Profit in Diversity

executives to develop relationships with the largest women- and minority-owned businesses in the United States. This was important not only because these business sectors are... View Details

Keywords: by David A. Thomas

30 Jan 2018
First Look

January 30, 2018

minority-owned companies. His encouragement comes in the form of public criticism of these organizations. He challenges them to stop paying “lip service” to inclusion, diversity, and fair business... View Details

Keywords: Sean Silverthorne

11 Mar 2001
Research & Ideas

Digital Designs on the Inner City

An increasing number of inner city residents own computers and have online access, but government agencies and private companies need to do more to bridge the digital divide that still exists among income groups, according to business and... View Details

Keywords: by Dina Gerdeman

Ernesta G. Procope

Fair Access to Insurance Requirements (FAIR) legislation which has been adopted by 26 states. Over the years, Procope dramatically expanded her business to include commercial lines of coverage and in the process secured View Details

Keywords: Finance

07 May 2025
News

Scaling New Heights

Brianna Brown, chief product officer at City Fresh Foods in Boston. (Photo/video credit: Susan Young) City Fresh Foods has long served nutritious meals to students, seniors, and daycare centers in Greater Boston’s under-resourced communities. But when the company saw... View Details

Keywords: Jennifer Gillespie

02 Dec 2018
News

A Chance to Thrive

after HBS and then joined Lehman Brothers, where she cofounded a group that focused on developing strategic opportunities for women and minority-owned financial services firms. At work as well as through her philanthropic activities,... View Details

11 Mar 2001
Research & Ideas

Wired and Black: Focus on Careers

much an alternative as investment banks has led to students asking more fundamental questions." Thomas said students are finding new ways to use their expertise as the workplace changes and the definition of business expands.... View Details

Keywords: by Carrie Levine

01 Mar 2023
News

Is AI OK?

to weeding bias out of banking and lending, essentially removing from the picture human beings and their inherently biased decision-making processes. He understood that his father, a Black business owner in the Deep South, was repeatedly... View Details

Keywords: Alexander Gelfand; Funds, Trusts, and Other Financial Vehicles; Finance

19 May 2020
News

Exploring the Economics of a Pandemic; Alumni Forums Draw Closer Online

African-American businesses by encouraging them to apply for the low-interest PPP loans. He said that many minority-owned businesses are not applying for the loans “out of... View Details

Keywords: Margie Kelley

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