How Businesses Can Profit with Purpose

By Robert Strand.

Money helps us meet our basic needs, but what about our need for meaning? Businesses will profit — not just financially — by finding their souls.

How do you motivate someone to work? For many the response is quite simple: money. Want more work? Pay more money. Economists have long instructed us that human beings are rational self-interest maximizers motivated solely by the dollar.

The discipline of economics has historically dominated business schools and management research and, it follows, that the fundamental assumption of self-interest maximization is applied to companies. As the economist Milton Friedman famously wrote …

How the Fringe is Becoming Mainstream. Or is it the Other Way Around?

By Hans Krause Hansen.

These are indeed interesting times! as one of my good colleagues recently exclaimed over a cup of coffee. Disinformation and conspiracy theories all over the place. Obama now accused of being the founding father of ISIS. Can you believe it? Politics is definitely going berserk.

Needless to say, I happened to be in complete agreement with my colleague’s diagnosis. And of course, just as confused. A few days later two fresh pieces of research arrived on my desk, helping me to make some sense of the mess. What is disinformation today? What’s its role in the …

Malcolm McIntosh – Tribute to an Academic Entrepreneur

By Andreas Rasche.

Malcolm McIntosh passed away on 7 June 2017. We lost, as Sandra Waddock recently remarked, an intellectual shaman – someone who cared deeply about the state of the world and who was thinking so wonderfully enthusiastic, “wild” and unconventional about corporate responsibility and sustainability.

I first met Malcolm at the 2nd PRME Global Forum in New York in 2010. Ever since we had many thought-provoking exchanges about academic and non-academic matters, most often around the importance of health and happiness. What always struck me was Malcolm’s desire to make a difference; he not only was …

Reward-based Crowdfunding for Sustainable Entrepreneurs: A Practitioner’s Guide

By Kristian Roed Nielsen.

 In my last blog post, I offered some initial insights and ideas into how crowdfunding could be employed to support sustainable innovation. This time, having just finished my Ph.D. dissertation, I provide some hands-on advice for (sustainable) entrepreneurs wishing to succeed with reward-based crowdfunding based on mine and others’ latest research.

 Reward-based crowdfunding represents a rapidly growing source of innovation funding for a diversity of entrepreneurs, start-ups and even established firms. Crowdfunding success depends on the ability to mobilize strangers to support other strangers for causes, products or services that have not yet been realized …