RIETI Special Seminar

Grow the Pie: How Great Companies Deliver Both Purpose and Profit

Announcement

Purpose is the corporate buzzword of today, with politicians, the public and even shareholders calling on businesses to serve wider society. But purpose is also controversial, because companies have a responsibility to deliver returns to investors. Is there a trade-off between purpose and profit, or is it possible for companies to achieve both? This talk will critically examine the case for purposeful business, using rigorous evidence and real-life examples to show what works – and, importantly, what doesn’t. It will explore issues such as: What does it mean for a business to be purposeful? How can purpose guide a company’s day-to-day decisions? How can it ensure that the pursuit of purpose is consistent with long-run shareholder returns?. Professor Alex Edmans will draw on his book, “Grow the Pie: How Great Companies Deliver Both Purpose and Profit”, a Financial Times Book of the Year that was recently translated into Japanese.

Information

  • Time and Date: 16:00-17:00, Thursday, September 14, 2023 (JST)
  • Venue: Online
  • Language: English
  • Admission: Free
  • Host: Research Institute of Economy, Trade and Industry (RIETI)

Speakers

Speaker:
  • Alex EDMANS (Professor of Finance, London Business School)
    Alex Edmans is Professor of Finance at London Business School. Alex has a PhD from MIT as a Fulbright Scholar, and was previously a tenured professor at Wharton and an investment banker at Morgan Stanley.
    Alex has spoken at the World Economic Forum in Davos, testified in the UK Parliament, and given the TED talk “What to Trust in a Post-Truth World” and the TEDx talks “The Pie-Growing Mindset” and “The Social Responsibility of Business” with a combined 2.7 million views. He serves as non-executive director of the Investor Forum, and on Royal London Asset Management’s Responsible Investment Advisory Committee.
    Alex’s book, “Grow the Pie: How Great Companies Deliver Both Purpose and Profit”, was a Financial Times Book of the Year for 2020, and he is a co-author of “Principles of Corporate Finance” (with Brealey, Myers, and Allen). He has won 25 teaching awards at Wharton and LBS and was named Professor of the Year by Poets & Quants in 2021.
Commentator:
  • IKEDA Yoko (Consulting Fellow, RIETI / Director, Secretariat of New Form of Capitalism Realization Headquarters, Cabinet Secretariat, Government of Japan)
Moderator:
  • MIYAJIMA Hideaki (Faculty Fellow, RIETI / Professor, Faculty of Commerce and Executive Vice President, Waseda University / Adviser, Waseda Institute for Advanced Study)