Working From Home, Maximizing Profits, and More – Chicago News
Let’s explore some of the most interesting stories that have emerged from Chicago business schools this week.
Are You a Different Person at Work Than at Home? Compartmentalizing Like This Can Lead to Unethical Decisions – Kellogg Insights
Northwestern Kellogg Assistant Professor of Marketing Maferima Touré-Tillery and the University of the Sciences’ Alysson Light coauthored new research, which finds that “people who perceive their personalities as constant across their roles are more likely to behave ethically than those who think of themselves differently in each role.”
Touré-Tillery explains, “If I tend to think about myself the same way from one identity to the next, then if I do something that’s going to make me feel bad about myself, it’s likely that I’ll feel bad about myself across all of my identities.”
She adds, “Every unethical thing amplifies that sense of being a bad person. By having them merge their work and personal lives, you are helping them merge their identities as parent and worker—so they might behave more morally across the board.”
You can read the full Kellogg Insights article here.
Should Public Companies Do More Than Maximize Profits? – Chicago Booth
At a recent panel discussion hosted by Chicago Booth’s Rustandy and Stigler Centers, BlackRock Co-founder Sue Wagner and Booth’s Luigi Zingales and Marianne Bertrand dissected BlackRock CEO Larry Fink’s letter to his fellow CEOs, imploring them to engage more deeply with social issues as part of their long-term strategies.
Moderator Robert H. Gertner explains, “We have seen greater discussion, both within and outside of academia, about the role of corporations. It has come from consumers, from employees, from the government, from academics, and from investors. Perhaps this letter from Larry Fink may go down as a sort of cornerstone of this discussion.”
You can read the full exchange between all the panelists here.
Tech Leader Shares His Views On Innovation, Autonomous Vehicles, and Purpose – Gies School of Business News
The University of Illinois Gies College of Business recently hosted Mobileye ASIC Department Project Manager and Founding Engineer Mois Navon, who discussed how his company’s purpose has driven their success.
The Israeli-based Mobileye is “one of the leaders in driver assistance technology and autonomous vehicle research.” According to the article, “the demonstrated ability of [Mobileye’s] products to help prevent accidents led insurance companies to give discounts to people who used them. People were getting into fewer accidents, and the accidents they did get into were less severe.”
Navon explains Mobileye’s purpose within the Jewish concept of tikkun olam, which means “fixing the world.”
“I think that technology is that driving force for fixing the world—even though new technologies can engender difficult transitions. I think humanity is ultimately driven by purpose. We’re here to fix ourselves. We’re here to fix the world. And I hope you’ll join me.”
You can read more about the company and Navon’s speech at Gies here.
Chicago Booth Launches New Capitalisn’t Podcast
Since Mark Maron’s WTF and the mystery thriller Serial launched into the pop culture lexicon, the podcast went from a niche medium to a common part people’s weekday commute. Capitalisn’t—the new podcast from the Stigler Center at the University of Chicago Booth School of Business—explores what is and isn’t working in capitalism today Continue reading…
