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  • All HBS Web  (1,757)
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    • News  (509)
    • Research  (733)
    • Events  (2)
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  • June 2025
  • Case

From Single Stock to Diversified Portfolio: Mastercard Foundation's $42 Billion Asset Management Launch

By: Luis M. Viceira and Justin Cohen
This case examines the decision of the Mastercard Foundation in 2023 to divest its holdings of Mastercard stock, its only asset since inception in 2006 and worth $42 billion in early 2024, and to invest the proceeds in a newly designed diversified portfolio. To this... View Details
Keywords: Asset Management; Financial Liquidity; Financial Strategy; Investment Portfolio; Corporate Governance; Selection and Staffing; Risk Management; Organizational Culture; Organizational Structure; Motivation and Incentives
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Viceira, Luis M., and Justin Cohen. "From Single Stock to Diversified Portfolio: Mastercard Foundation's $42 Billion Asset Management Launch." Harvard Business School Case 225-096, June 2025.
  • 25 Jun 2007
  • Research & Ideas

HBS Cases: Beauty Entrepreneur Madam Walker

grit—complete with a social conscience—form the basis of a new Harvard Business School case, "Madam C.J. Walker: Entrepreneur, Leader, and Philanthropist." Professor Nancy F. Koehn, a leading historian, coauthored the case with... View Details
Keywords: by Martha Lagace; Beauty & Cosmetics
  • 23 Jun 2009
  • First Look

First Look: June 23

problems (and the ways they reinforce each other), this paper offers a new approach to community transformation which calls for leaders to use technology to inform and connect people. We need to convert the View Details
Keywords: Martha Lagace
  • 02 Feb 2016
  • First Look

February 2, 2016

multicultural social interactions in the context of negotiations, work teams, and global leadership. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=50440 2015 Handbook of Qualitative Organizational Research: Innovative... View Details
Keywords: Sean Silverthorne
  • 02 Jun 2020
  • Research & Ideas

Coronavirus Careers: Cloud Kitchens Are Now Serving

The restaurant industry is one of those most devastated by COVID-19, and social distancing will continue to make many small restaurants unviable. Reduced revenue flows will never cover the rent. But not all is lost. In our research, one... View Details
Keywords: by Lena Ye and Geoffrey Jones; Food & Beverage
  • 09 Dec 2013
  • Research & Ideas

Cultural Disharmony Undermines Workplace Creativity

study, he asked a group of online participants to list the important people in their social networks, noting their cultural backgrounds and whether they liked each other. Then he asked them to do a word association exercise that compared... View Details
Keywords: by Michael Blanding
  • 26 Jul 2022
  • Research & Ideas

Burgers with Bugs? What Happens When Restaurants Ignore Online Reviews

“filthy.” “The semantic connection gives us some reassurance that consumers reading those reviews could actually infer hygiene information,” they write. Not surprisingly, customers weren’t in a hurry to visit such businesses. The... View Details
Keywords: by Kara Baskin; Entertainment & Recreation; Food & Beverage; Retail
  • 29 Aug 2022
  • Op-Ed

Income Inequality Is Rising. Are We Even Measuring It Correctly?

more information about the relationship to societal outcomes than the Gini coefficient. For instance, consider the connection between inequality and obesity. In studying our data, we find no significant correlation between inequality and... View Details
Keywords: by Jon M. Jachimowicz, Kristin Blesch, and Oliver P. Hauser
  • 25 Jun 2018
  • Research & Ideas

In America, Immigrants Really Do Get the Job Done

develop, and integrate smart minds governs how prosperous you will be.” Studies on whether immigrants to the United States take jobs away from Americans or constitute a drain on social welfare are mixed, says Kerr, with some research... View Details
Keywords: by Michael Blanding; Agriculture & Agribusiness; Technology; Service
  • 20 Aug 2008
  • Op-Ed

The Time is Right for Creative Capitalism

employment patterns, market share, business investment, and most prominently, stock market performance. Given Gates's achievements, it is interesting that he is throwing down a gauntlet to have global capitalism direct itself toward View Details
Keywords: by Nancy Koehn
  • Forthcoming
  • Book

How to Be Bold: The Surprising Science of Everyday Courage

By: Ranjay Gulati
What leads people to speak truth to power, share bold new ideas, or put their lives on the line? Most of us chalk it up to personality, presuming that our heroes are naturally fearless. But what if courage isn’t simply a matter of personality? What if it’s something... View Details
Keywords: Personal Characteristics; Personal Development and Career
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Gulati, Ranjay. How to Be Bold: The Surprising Science of Everyday Courage. HarperCollins, forthcoming.
  • 20 Oct 2008
  • Research & Ideas

The Seven Things That Surprise New CEOs

released On Competition, Porter collects his most influential articles from HBR, and adds new work on health care, philanthropy, social responsibility, and leadership. This excerpt, coauthored with Harvard Business School professors Jay... View Details
Keywords: by Michael E. Porter, Jay W. Lorsch & Nitin Nohria
  • 26 Sep 2017
  • First Look

First Look at New Research and Ideas, September 26, 2017

socially connected than they themselves are. In Study 1, the prevalence of this belief was documented in a large sample of first-year students (N=1099). In Study 2, the prevalence of this View Details
Keywords: Sean Silverthorne
  • 14 Oct 2021
  • In Practice

Reunited and It Feels (Not) So Good: Tips for Managing a Rocky Return

this period of renaissance, and the fiercest labor market in recent memory, companies should take steps to redefine the purpose of the office as a tool rather than a destination. For example, the office can become a tool to enhance specific collaborative efforts, View Details
Keywords: by Kristen Senz
  • 07 Jul 2003
  • Research & Ideas

4+2 = Sustained Business Success

investors have to say—and how they behave—not on gut feel or instinct. Continually fine-tune your strategy based on changes in the marketplace—for example, a new technology, a social trend, a government regulation, or a competitor's... View Details
Keywords: by Nitin Nohria, William Joyce & Bruce Roberson
  • 15 Dec 2003
  • Research & Ideas

Women Leaders and Organizational Change

contradicts what we "know" to be true; and to maintain clarity about our priorities and goals, so that we can be constantly vigilant in assessing the connection between what we value and what we say and do. One need not have... View Details
Keywords: by Mallory Stark
  • 17 Feb 2022
  • Book

When Employees Feel a Sense of Purpose, Companies Succeed

book, Deep Purpose: The Heart and Soul of High-Performance Companies, I explore how some leaders embrace “deep purpose” as a generative force that can be a catalyst to achieve both impressive economic results and positive social impact.... View Details
Keywords: by Ranjay Gulati
  • 28 Apr 2015
  • First Look

First Look: April 28

theorized to be 1) normative or value-laden, 2) progressing in bursts of change over time, 3) socially constructed and culturally embedded, and 4) associated with logics that shape practices. We develop a framework, outlining the... View Details
Keywords: Sean Silverthorne
  • 08 May 2023
  • Research & Ideas

How Trump’s Anti-Immigrant Rhetoric Crushed Crowdfunding for Minority Entrepreneurs

Index from 2009 to 2021 to efforts by minority entrepreneurs to raise money on Kickstarter, which has raised $7.3 billion for popular projects such as opening restaurants and publishing comic books. “You can compare quarters within the same year and find the View Details
Keywords: by Scott Van Voorhis
  • 17 Apr 2019
  • Research & Ideas

How Managers Stifle Creativity

conducive work environment, is external. The internal components are: Expertise. People need expertise to be creative. So, to the extent that you can continue to learn not only in your primary domain, but in other, related domains, you'll begin to see View Details
Keywords: by Danielle Kost
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