1. Leading in the 21 st century- New paradigms for a globalizing world MGMT-E 152 Prof. Michael Pirson Class 5: October 15

2. Agenda  Housekeeping  Presentation: Peter Bermel  Reflection on Assignment  System Level Challenges  Leadership Lessons  Next Class

3. Schedule Overview Schedule Overview:  1) September 17 - Overview of the course- Setting the stage PART I- System level challenges 2) September 24 -System level challenge: Environmental and social sustainability 3) October 1 - System level challenge: Environmental sustainability 4) October 8 - System level challenge: Social sustainability 5) October 15 - Meeting System level challenges: Distilling and Applying Frameworks PART II- Organizational Level 6) October 22 - Organizational level challenges- Decreasing Stakeholder trust 7) October 29 - Organizational level challenges: Employee engagement- managing commitment 8) November 5 - Meeting organizational level challenges: Distilling and applying management frameworks PART III- Individual Level 9) November 12 - Individual challenges: Managing the self 10) November 19 - Social Entrepreneurship- managing the self, the organization and society 11) December 3 - Discussing Life entrepreneurship- Leading a meaningful life, leading others with purpose Presentations  12) December 10, Presentations  13) December 17, Presentations

4. Housekeeping Analysis Paper  Purpose: Apply knowledge gained through reading and reflection  Your Role: organizational consultant (akin to doctor) NOT Spokesperson  Your task: Briefly introduce the analysis framework of your choice Examine the current performance of the organization Analyze the reasons for the current performance Prescribe ways to improve the current status And suggest ways to monitor progress over time. (5-8pp. 12pt Times New Roman, 1.5 spaced) My role/ John’s role: help you succeed - feedback Further issues:  Early class evaluations  Check in with groups of 4  Think about final project and presentation  Peer evaluation- winner earns prize ;)

5. Presentation: Peter Bermel  Star Solar 15 min presentation 15 min Q&A Thanks for coming!

6. Reflection on Assignment  Issues/ Problems you encountered  Take away’s/ lessons learned  Surprises?

7. Tying up loose ends- System Level Challenges  What are those challenges?  What are the main barriers to overcome?  How can they be overcome?  (What if they don’t?)

8. Food for thought- towards a paradigm shift? Michael Porter/ Mark Kramer: The prevailing approaches to CSR are so disconnected to business as to obscure many of the greatest opportunities for business to benefit societies. An affirmative corporate agenda moves away from mitigating harm to reinforcing corporate strategy through social progress. Peter Drucker: “every global and social issue of our day is a business opportunity in disguise” http://www.youtube.com/watch?v=iYhC n0jf46U http://www.youtube.com/watch?v=iYhC n0jf46U

9. Food for thought- towards a paradigm shift?  Sustainable value creation is the business opportunity of the 21 st century. It’s an innovation engine unlike anything we have ever seen in management—and it’s a lens which will dominate the management agenda for the next generation of thirty to fifty years. Even more important, the outcomes will define the next episode in creative capitalism and, ultimately, will determine the well ‐ being of our imperiled planet. (United Nations Global Forum)

10. Leadership Lessons- system level challenges What lessons for leadership in the 21 st century can we draw? How do you see your role?

11. Next Class 6) October 22 - Organizational level challenges- Decreasing Stakeholder trust Reading:  1) “The Value Shift”, Lynn Sharp Paine, (posted on website)  2) Facing the trust gap, Michael Pirson: (posted on website)  3) “Managing Stakeholder trust”, Michael Pirson, SMR article  Link: http://sloanreview.mit.edu/smr/issue/2008/summer/13/http://sloanreview.mit.edu/smr/issue/2008/summer/13/  4) Case: Ebay http://harvardbusinessonline.hbsp.harvard.edu/b02/en/common/item_detail.jht ml?message=addSample1&id=602071&_requestid=175208 http://harvardbusinessonline.hbsp.harvard.edu/b02/en/common/item_detail.jht ml?message=addSample1&id=602071&_requestid=175208   Assignment: Prepare a one page reflection on the reading (elaborate on one point you agree with, one point you disagree with). Drop off on Course Website by Tuesday 7 pm