The final leg of the Harvard Business Review/McKinsey Prize for Management Innovation
Published 04-10-12
Submitted by The Management Innovation Exchange
The Management Innovation eXchange (MIX) is announcing the third leg of the Harvard Business Review/McKinsey M-Prize for Innovation—the Long-Term Capitalism Challenge.
With this challenge, we hope to accelerate the shift toward a more principled, patient, and social accountable capitalism—one that’s truly fit for the long term.
Specifically, we’re looking for Stories (real-world case studies) and Hacks (boldly original ideas) that offer up the most progressive practices and disruptive ideas that tackle the challenge of making our organizations more:
PRINCIPLED Capitalism degenerates into narrow self-interest without a strong ethical foundation.
PATIENT Vision and perseverance are critical to value creation-- and highly vulnerable to short-termism.
SOCIAL Capitalism cannot operate in a social vacuum and profits and shareholder return can no longer be the only measures of a company's value-added.
The Long-Term Capitalism Challenge will unfold in two stages: a preliminary submission phase (ending May 11, 2012) and a final round for several finalists or finalist teams (ending June 1, 2012). All entries will be judged by our panel of leading management thinkers and progressive practitioners.
Winners will receive significant recognition as management innovators on the MIX, Harvard Business Review and HBR.org, the McKinsey Quarterly and McKinseyQuarterly.com. Winners will also earn the chance to appear at the invitation-only MIX Mashup, taking place in San Francisco on June 19.
About the Management Innovation eXchange
The MIX (Management Innovation eXchange) is the world's first open innovation project aimed at reinventing management. On the MIX, impassioned innovators from around the world are working together to create organizations that are as resilient, inventive, and inspiring as the people who work within them. It's time to reinvent management. You can help. Join the MIX.
The Management Innovation eXchange (MIX) is based on the premise that management is nothing less than the technology of human accomplishment. But after 100 years of incremental tweaks, it now needs to be reinvented for a new age.
Designed as a collaborative platform, the MIX brings together CEOs, academics, and management experts with executives and managers — indeed, anyone with ideas on how to make management better suited to cope with the 21st century, organizations that are as resilient, inventive and inspiring as the people who work within them.
For more information, please visit www.managementexchange.com
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