• January–February 2019
• Article

Corporate Purpose and Financial Performance

By: Claudine Gartenberg, Andrea Prat and George Serafeim

We construct a measure of corporate purpose within a sample of U.S. companies based on approximately 500,000 survey responses of worker perceptions about their employers. We find that this measure of purpose is not related to financial performance. However, high... View Details

Keywords: Corporate Purpose; Purpose; Employee Motivation; Belief Systems; Corporate Performance; Human Capital; Middle Management; Culture; Corporate Culture; Meaning; Mission and Purpose; Organizational Culture; Employees; Perception; Values and Beliefs; Performance Effectiveness

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Gartenberg, Claudine, Andrea Prat, and George Serafeim. "Corporate Purpose and Financial Performance." Organization Science 30, no. 1 (January–February 2019): 1–18.

• 15 Aug 2023
• News

Twelve Alumnae Named to Forbes 50 Over 50

The third annual 50 Over 50 list, published by Forbes, includes 12 HBS alumnae. Whether self-made entrepreneurs, astronauts, or investors, the recipients are recognized for the variety of ways in which they are all changing the world. Below is a list of those alumnae... View Details

Keywords: Publishing Industries (except Internet); Information

• 10 Oct 2023
• News

HBS Responds to the Attacks on Israel

MESSAGE FROM DEAN SRIKANT DATAR Dear members of the HBS community, I wanted to follow up on the message I joined with Harvard’s leadership in sending last evening, and on the statement issued by President View Details

• 01 Jun 2017
• News

Research Brief: Profit with Purpose—and Middle Management

George Serafeim (photo by Susan Young) Claudine Madras Gartenberg The idea of corporate purpose—a responsibility that goes beyond dollars and cents—can seem like little more... View Details

Keywords: Erin Peterson

• Web

Podcast - Business & Environment

risk in their underwriting process, and influences their investment strategy. Claudine also describes innovative insurance products such as parametric and catastrophe insurance that are emerging to address natural disasters that are... View Details

• Web

Dean Srikant Datar Statements & Speeches | About

groups and conversations, or by providing opportunities for education; and to think about timelines for their efforts that may vary within and across groups based on considerations like our calendar, complexity, and a range of other... View Details

• 20 Oct 2023
• News

Highlights from the Fall 2023 Alumni Board Meeting

and Dean Datar, followed by an audience Q&A. The discussion between Stavropoulos and Datar touched on the challenges the University and School leadership have faced after the terrorist attack by Hamas... View Details

• Article

181 Top CEOs Have Realized Companies Need a Purpose Beyond Profit

By: Claudine Gartenberg and George Serafeim

On August 19, 2019, the Business Roundtable (BR) issued a memo entitled “Statement on the Purpose of a Corporation.” The Business Roundtable, one of the most preeminent business lobbies in the United States, includes 192 CEOs of leading U.S. companies from Apple to... View Details

Keywords: Purpose; Corporate Purpose; Stakeholder Management; CEO; Mission and Purpose; Business and Stakeholder Relations; Strategy

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Gartenberg, Claudine, and George Serafeim. "181 Top CEOs Have Realized Companies Need a Purpose Beyond Profit." Harvard Business Review (website) (August 20, 2019).

• 01 Sep 2011
• News

Coming Full Circle

more flexibility.” Claudine Gartenberg (MBA 2006, DBA 2011) had envisioned a career in academia, but expected it to be in physics, her undergraduate major at Harvard. But she didn’t feel a strong enough... View Details

Keywords: Julia Hanna; Colleges, Universities, and Professional Schools; Educational Services

• 14 Apr 2015
• First Look

First Look: April 14

Hellenic Bottling Company) and the role of regulation in integrated reporting (Anglo-American). April 2015 American Economic Review: Papers and Proceedings Real Effects of Relational Contracts By: Henderson, Rebecca, Steven Blader, Andrea Pratt, and View Details

Keywords: Sean Silverthorne

• 08 Sep 2021
• Blog Post

Building the Bridge from Nonprofit to VC with Joshua Mbanusi (MBA 2021)

offer front-line employees access to learning, coaching, and training that propels growth for individuals and their employers. While outside of the investing space, the business model is perfectly aligned with how Mbanusi wants to address social change and he was... View Details