HBS Summit Advice to Cure Financial Woes: “Do Good To Do Well”
What better timing for a Harvard Business School colloquia on “The Future of Capitalism” than just after the market dropped 900 points. Two mind-shifting moments for me: first when Mahindra, Vice-chair of the giant Indian car maker, advised us that with our paltry 300 million citizens we must realize that we are really a small country. The second was when Larry Summers pointed out in his riveting speech that this financial crisis is the 7th we’ve had in 30 years, that the warning bell for capitalism has been sounding for a while. What I liked best was the upbeat mood, that HBS grads can really turn things around by pursuing returns from social contributions, which will reduce the inequity that is the heart of the problem and garner better financial performance too, Summers citing his own experience at Harvard. All in all, an amazing experience!