Harvard Business Review - 2021.01,02.pdf

58 The Forgotten Dimension of Diversity102 Pay Packages That Drive Performance123 How You Can Help Without MicromanagingWhen to Work with RivalsSometimes you need to join forces with your fiercest competitors.48HBR.ORGJanuaryFebruary ?Januar y Febr uar y 202133SPOTLIGHT DOES BUSINESS NEED A NEW MODEL?34GOVERNANCEIt s Ti me to Repl ace the Publ i c Corporati onWe need a model that truly focuses on the long term.Ro g e r L.Ma r t i n42GOVERNANCEDon t Let the Short-T ermi sm Bogeyman Scare YouActive investor oversight is a plus,not a minus.L uci a n A.Be bchukCo n t e n t sPh o t o g rap h by ANDREA STONECOVER PHOTOGRAPH Jill GreenbergHarvard Business ReviewJanuary February 20215Jan uaryFe bruary 202186SUSTAINABILITYHow to T al k to Your CFO About Sustai nabi l i ty Use this tool for measuring the financial returns on ESG activities.Te nsi e Whe la n a nd Elyse Do ug la s94HUMAN RESOURCESVol unteer Programs That Empl oyees Can Get Exci ted About To boost engagement,avoid these common traps.Je ssi ca Ro de ll102COMPENSATIONCompensati on Packages That Actual l y Dri ve PerformancePrinciples for designing executive pay Bo r i s Gr o ysbe r g,Sa r a h Abbo t t,Mi cha e l R.Ma r i no,a nd Me t i n Akso y112MANAGING ORGANIZATIONSBui l d a Fami l y Busi ness That Lasts Companies that endure do these five things right.Jo sh Ba r o n a nd Ro b L a che na ue r48FEATURES48STRATEGYThe Rul es of Co-opeti ti on Rivals are working together more than ever before.Heres how to think through the risks and rewards.Ada m Br a nde nbur g e r a nd Ba r r y Na le buff58DIVERSITYThe Forgotten Di mensi on of Di versi tySocial class is as important as race or gender.Pa ul Ing r a m68NEGOTIATIONNegoti ati ng Your Next Job Focus on your role,responsibilities,and career trajectory,not your salary.Ha nna h Ri le y Bo wle s a nd Bo bbi Tho ma so n76TECHNOLOGYWhen Machi ne Learni ng Goes Off the Rai l sA guide to managing the risks Bo r i s Ba bi c,I.Gle nn Co he n,The o do r o s Evg e ni o u,a nd Sa r a Ge r kePh o t o g rap h by STEPHEN LENTHALL86Gal l ery S toc k6Harvard Business ReviewJanuary February 2021ALL IN ON BEATSALL IN ON STREETSTHE NEW 2021 LEXUS IS.ALL IN ON THE SPORT SEDAN S|#LexusI S2021 I S F SPORT shown wi t h opt i ons usi ng vi sual effect s.2020 LexusIDEA WATCHNe w R e s e a r c h a n d Eme r gi n g In s i gh ts15LEADERSHIPWhy Rooki e CEOs OutperformExperienced executives rely too much on old playbooks.PLUS The downside of creative superstars,a better way to manage virtual queues,and more26DEFEND YOUR RESEARCHStand-up Meeti ngs Inhi bi t Innovati onNew research suggests that they undermine idea generation.28HOW I DID ITThe Former CEO of Guardi an on Usi ng Val ues to Dri ve Strategi c Pl anni ngAfter Hurricane Sandy,Guardian moved quickly to prepare for the next major crisis.De a nna Mulli g a nDEPARTMENTS10FROM THE EDITOR11CONTRIBUTORS136 EXECUTIVE SUMMARIESEXPERIENCEAd vi c e a n d In s pi r a ti on123MANAGING YOURSELFHow to Hel p(Wi thout Mi cromanagi ng)New research points to three strategies.Co li n M.Fi she r,Te r e sa M.Ama bi le,a nd Juli a nna Pi lle me r128CASE STUDYWhen Your Star Pl ayer Asks to Go Part-Ti meA manager grapples with the question of flexible work schedules.Tho ma s J.De L o ng134SYNTHESISSports and Soci al Justi ceFrom Kaepernicks kneel to the NBA BubbleRa mse y Kha bba z140LIFES WORKTi na T urner15123“Were a 160-year-old company that aims to be around for another 160.”DEANNA MULLIGANJan uaryFe bruary 202128Ph o t o g rap h by KHOLOOD EID8Harvard Business ReviewJanuary February 2021We r e pr oud th a t th e pa pe r w e us e i n our pr i n t ma ga zi n e i s c e r ti fie d un d e r th e Sus ta i n a ble For e s tr y In i ti a ti ve pr ogr a m,me a n i n g th a t i t c ome s fr om r e s pon s i bly ma n a ge d s our c e s a n d i s a r e n e w a ble r e s our c e.Our Commitment to SustainabilityWhat iffood packaging werecarbon-neutral?Go nature.Go carton.Food packaging plays a critical role in getting food safely to consumers around the world.But it can also cause problems for the planet.What if all food packaging came from plant-based materials and didnt impact the climate?At Tetra Pak,we already have paper-based carton packages with reduced climate impact.But we wont stop there.Our aim is to create cartons made solely from plant-based materials that are fully renewable,fully recyclable and carbon-neutral.Its all part of our journey to deliver the worlds most sustainable food package.Learn more at Rivals and FriendsClo ckwise fro m t h e t o p left:Adi Ig nat ius,g uest Walt er Isaacso n,Oct avia Go redema,and Jo sh Mach tWHEN THE WORLD went into l ockdown l ast spring,my col-l eague Josh Macht and I decided to l aunch a series of l ive video interviews with experts who coul d offer perspective on these strange days.We cal l ed it HBR Quaranti ned,and to distribute it we made an unusual choice to partner with LinkedIn.LinkedIn is best known as a professional networking site,but it al so publ ishes