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Economy

Business For Purpose Conference To Be Co-hosted At London Business School

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Numbers And Finance

London Business School Leadership Institute and Blueprint for Better Business are hosting a key interdisciplinary academic conference on business purpose which is taking place on 16/17th September 2016.

It is a two-day event in which academics from around the world, including economists, neuroscientists and philosophers will explore the latest evidence on how purpose influences business performance, and how businesses serve society.

The conference brings together leading researchers from the worlds top business schools, and also includes academics from other disciplines presenting more philosophical papers which challenge and test commonly held assumptions about the human person and business purpose.

The chair of the academic panel, Prof Rebecca Henderson of Harvard Business School said:

This conference is an important milestone in the growing area of research into business purpose.

“The academic committee were delighted by the response to our call for papers, and we received over 75 submissions from across the world. Blueprint for Better Business’s focus on business practice was instrumental in the inclusion of several conceptual papers, which I think will make for a very rich and thoughtful dialogue – not only on what the latest empirical research tells us, but also as to the fruitfulness and validity of alternative ways of thinking about people and purpose.”

Papers to be presented include:
‘Corporate Purpose and Financial Performance’, from George Serafeim, Harvard Business school, and Claudine Gartenberg, NYU, who will discuss Purpose in Practice.
‘Organizations with purpose; thrive and survive’ from Dr Dana Born, Harvard, who will discuss examples of businesses that have faced purpose-related challenges.
‘Does Long-Term Orientation create value’ from Caroline Flammer, Ivey Business School, who will present new evidence of the causal effects of a long term approach to business on financial performance.

Charles Wookey, CEO of Blueprint for Better Business says: “This conference is a very exciting development. It shows that top business school academics are seriously interested not only in the potential of business purpose to change how business is done, but also in engaging with philosophical questions about the dominant model of business, and testing ideas that challenge the status quo in a radical way. My hope it is the start of a continuing engagement to explore alternative approaches and gain more evidence from business practice which links the quality of human relationships to long term performance and how society is served.”

Economy

A Good Look At How Homes Will Become More Energy Efficient Soon

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energy efficient homes

Everyone always talks about ways they can save energy at home, but the tactics are old school. They’re only tweaking the way they do things at the moment. Sealing holes in your home isn’t exactly the next scientific breakthrough we’ve been waiting for.

There is some good news because technology is progressing quickly. Some tactics might not be brand new, but they’re becoming more popular. Here are a few things you should expect to see in homes all around the country within a few years.

1. The Rise Of Smart Windows

When you look at a window right now it’s just a pane of glass. In the future they’ll be controlled by microprocessors and sensors. They’ll change depending on the specific weather conditions directly outside.

If the sun disappears the shade will automatically adjust to let in more light. The exact opposite will happen when it’s sunny. These energy efficient windows will save everyone a huge amount of money.

2. A Better Way To Cool Roofs

If you wanted to cool a roof down today you would coat it with a material full of specialized pigments. This would allow roofs to deflect the sun and they’d absorb less heat in the process too.

Soon we’ll see the same thing being done, but it will be four times more effective. Roofs will never get too hot again. Anyone with a large roof is going to see a sharp decrease in their energy bills.

3. Low-E Windows Taking Over

It’s a mystery why these aren’t already extremely popular, but things are starting to change. Read low-E window replacement reviews and you’ll see everyone loves them because they’re extremely effective.

They’ll keep heat outside in summer or inside in winter. People don’t even have to buy new windows to enjoy the technology. All they’ll need is a low-E film to place over their current ones.

4. Magnets Will Cool Fridges

Refrigerators haven’t changed much in a very long time. They’re still using a vapor compression process that wastes energy while harming the environment. It won’t be long until they’ll be cooled using magnets instead.

The magnetocaloric effect is going to revolutionize cold food storage. The fluid these fridges are going to use will be water-based, which means the environment can rest easy and energy bills will drop.

5. Improving Our Current LEDs

Everyone who spent a lot of money on energy must have been very happy when LEDs became mainstream. Incandescent light bulbs belong in museums today because the new tech cut costs by up to 85 percent.

That doesn’t mean someone isn’t always trying to improve on an already great invention. The amount of lumens LEDs produce per watt isn’t great, but we’ve already found a way to increase it by 25 percent.

Maybe Homes Will Look Different Too

Do you think we’ll come up with new styles of homes that will take off? Surely it’s not out of the question. Everything inside homes seems to be changing for the better with each passing year. It’s going to continue doing so thanks to amazing inventors.

ShutterStock – Stock photo ID: 613912244

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Economy

IEMA Urge Government’s Industrial Strategy Skills Overhaul To Adopt A “Long View Approach”

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IEMA, in response to the launch of the Government’s Industrial Strategy Green Paper, have welcomed the focus on technical skills and education to boost “competence and capability” of tomorrow’s workforce.

Policy experts at the world’s leading professional association of Environment and Sustainability professionals has today welcomed Prime Minister Teresa May’s confirmation that an overhaul of technical education and skills will form a central part of the Plan for Britain – but warns the strategy must be one for the long term.

Martin Baxter, Chief Policy Advisor at IEMA said this morning that the approach and predicted investment in building a stronger technical skills portfolio to boost the UK’s productivity and economic resilience is positive, and presents an opportunity to drive the UK’s skills profile and commitment to sustainability outside of the EU.

Commenting on the launch of the Government’s Industrial Strategy Green Paper, Baxter said today:

“Government must use the Industrial Strategy as an opportunity to accelerate the UK’s transition to a low-carbon, resource efficient economy – one that is flexible and agile and which gives a progressive outlook for the UK’s future outside the EU.

We welcome the focus on skills and education, as it is vital that tomorrow’s workforce has the competence and capability to innovate and compete globally in high-value manufacturing and leading technology.

There is a real opportunity with the Industrial Strategy, and forthcoming 25 year Environment Plan and Carbon Emissions Reduction Plan, to set long-term economic and environmental outcomes which set the conditions to unlock investment, enhance natural capital and provide employment and export opportunities for UK business.

We will ensure that the Environment and Sustainability profession makes a positive contribution in responding to the Green Paper.”

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