Innovation

Beyond CSR: Emergence of SRC - a Socially Responsible Corporation

By beCause Associate Ravi Chaudhry — Business has been the most powerful institution on the planet since the second half of the twentieth century. Dr Willis Harman, co-founder of the World Business Academy in 1987 put forward the view that the dominant institution in any society needs to take responsibility for the whole, as the church did in the days of the Holy Roman Empire. Built into the original concept of capitalism and free enterprise was the assumption that the actions of many individual enterprises, responding to the market forces and guided by the ‘invisible hand’ of Adam Smith, would somehow add up to desirable outcomes. But it is amply clear that the ‘invisible hand’ is faltering. It depended on a... more

Co-creation through engaging

Co-creation through engaging

by beCause CEO Nadine Hack – Welsh proverb: “She/he who would be a leader must be a bridge.”  What I call engagement leaders are, indeed, “bridges” connecting divergent types of people for the advantage of each and all.  They know that deeply engaging internal and external stakeholders in the co-creation of business changes and new initiatives is vital for any strategic action plan to be properly executed. Nelson Mandela is an archetypal engagement leader.  After 27 brutal years in prison, he emerged as a fervent advocate of engaging with the very people and institutions that oppressed him.  When released, he spent the next four years in negotiation with the stalwarts of apartheid.  As President, he continued to ensure that all... more

Leadership: sprint, marathon & relay race

by beCause CEO Nadine Hack – A colleague once said to me, “I stand on your shoulders.”  I replied, “We all are part of a chain of progress that stretches far behind us and will continue long after us.”  This is how I view leadership in general and women’s leadership in particular. See video of presentation. Research by McKinsey, Harvard, Columbia, and myriad other consultancies, think tanks and universities show that organizations with diverse leadership are 35% more likely to have better financial returns.  So, advancing women’s leadership is a vital business imperative.  And, I hope men will share with all your male colleagues why “women in leadership” is not just a women’s issue. What’s valid for women’s leadership applies to all... more

Leadership, Strategy & Heart -future banks

By beCause Associate Jennifer Sertl – Sibos is an annual event that connects over 8,000 people from 212 countries from the entire financial ecosystem. Having gone for three years myself, this year marked a visceral tipping point between the traditional compliance oriented banking community and the innovative emergence of blockchain technology. Globalization and open data have made an undeniable imprint that will continue to force new mindsets across the industry. There are several experts in this space and I invite you to take a deep dive into blockchain technology and the implications with Don Tapscott. Beyond how this technology enables global business functionality, I want to highlight another technology- namely, leadership. There were three people in particular who stood out with a... more

The best of times, the worst of times

by beCause CEO Nadine Hack – In his 1859 classic, A Tale of Two Cities, Charles Dickens compared life in Paris and London before and during the French Revolution when he wrote “It was the best of times, it was the worst of times.”  And if you look at the history of humankind at any time – particularly when we’ve made tectonic global transitions: the Agrarian Age, the Industrial Revolution, and now the Digital Revolution – you also see the best and worst simultaneously. There always have been opposing forces: “dark” (e.g.: nationalism, tribalism, fear and hatred of “the other”) vs. “light” (e.g.: empathy, bridge-building, inclusiveness and striving for freedom and human dignity of all human beings). It’s no different... more

Reconciliation Defeats Revenge

by beCause Associate Robi Damelin – While watching the bereaved African-American mothers on the stage at the Democratic Convention, I thought just how much we mothers, who have lost children, have in common, regardless of color, creed or national identity.  I thought that all bereaved mothers in the world should rise up together and say, “Enough! Stop the killing! Let our children live out the course of their lives.  We cannot continue to have the dreadful task of burying our sons and daughters and of continuing our motherhood by tending to graves and pretending that planting flowers and plants brings solace.” I promise you, as one who has lost a child, the pain never goes away.  Yes, we put on our... more

What’s Your Story?

What's Your Story?

by beCause Associate John Seaman and his Saybrook Partner Robert Ferguson Storytelling is all the rage these days. In a world that is swimming in content, more and more organizations have begun using stories to sell products and services, build support for a strategy or agenda, or shape public perception. Unfortunately, many of the stories they choose to tell are superficial or inauthentic, serving only to undermine the very goals they hope to achieve. For truly compelling stories, organizations should look to their own heritage. What kind of stories work, and why Storytelling may be popular, but that doesn’t mean it’s a fad. In fact, the power of stories is well documented in the literature on narrative psychology. As social creatures, our happiness... more

Business Leaders: Expose Yourself to “Love”

by beCause Associate Andrea Learned — One of the more challenging things for business leaders to understand about social media is how much it is about sharing “love.” When I bring it up with clients, I usually need to pause for the “wait… what?” response. The general concept may demand an extra mindset shift for those in the business-to-business (B2B) world. More pointedly, I’ve realized that being open to receiving this social media “love” is even harder for most to grasp than the idea of giving it. And, no. it’s not just you. This does sound suspiciously like relationship self-help. But, after meeting another leader whose contributions would amplify her company’s innovative work — if only she’d bring her voice and wisdom to social media — I’m convinced... more

New rules of strategic relational engagement

by beCause CEO Nadine Hack – Successful businesses have moved from transactional to relational, which acknowledges interdependence among a diversity of parties as essential for sustainable success.  Dramatic new technologies, evolving business models, environmental impact, economic instability, political upheaval, and broad-scale migration resulting from regional conflicts, now demand improved engagement between business leaders and their myriad stakeholders. A broad spectrum of stakeholders has a direct impact on your core business. That’s why I call my framework “Strategic Relational Engagement” (SRE) because incorporating meaningful relationships into your business can transform stakeholder fear and/or animosity into understanding, productivity and strategic impact.  In a shareholder environment in which annual growth is expected (achievable or not), all-out strategic relational engagement of stakeholders is the... more

A Woman of Conviction

A Woman of Conviction

Guest post by Cynthia Lardner who interviewed Nadine B. Hack -“I had the opportunity to interview a woman I admire tremendously and we had a wonderful conversation about how she came to be a woman of conviction respected globally.” CL: What influenced you when you were young and who were your role models? NBH: My grandmother was an extraordinary woman, dedicated to helping others.  She immigrated to the US from what was then Russia (now Ukraine) to escape Tsarist pogroms.  I grew up in an building where our extended family lived (her brothers, sisters, their children and grandchildren).  She taught me that when I went to the bakery I should ask the price of today and yesterday’s bread: then, after... more