58TheForgottenDimensionofDiversity102PayPackagesThatDrivePerformance123HowYouCanHelpWithoutMicromanagingWhentoWorkwithRivalsSometimesyouneedtojoinforceswithyourfiercestcompetitors.48HBR.ORGJanuary–February2021smeg.com��������January–February202133SPOTLIGHTDOESBUSINESSNEEDANEWMODEL?34GOVERNANCEIt’sTimetoReplacethePublicCorporationWeneedamodelthattrulyfocusesonthelongterm.RogerL.Martin42GOVERNANCEDon’tLettheShort-TermismBogeymanScareYouActiveinvestoroversightisaplus,notaminus.LucianA.BebchukContentsPhotographbyANDREASTONECOVERPHOTOGRAPHJillGreenbergHarvardBusinessReviewJanuary–February20215January–February202186SUSTAINABILITYHowtoTalktoYourCFOAboutSustainabilityUsethistoolformeasuringthefinancialreturnsonESGactivities.TensieWhelanandElyseDouglas94HUMANRESOURCESVolunteerProgramsThatEmployeesCanGetExcitedAboutToboostengagement,avoidthesecommontraps.JessicaRodell102COMPENSATIONCompensationPackagesThatActuallyDrivePerformancePrinciplesfordesigningexecutivepayBorisGroysberg,SarahAbbott,MichaelR.Marino,andMetinAksoy112MANAGINGORGANIZATIONSBuildaFamilyBusinessThatLastsCompaniesthatenduredothesefivethingsright.JoshBaronandRobLachenauer48FEATURES48STRATEGYTheRulesofCo-opetitionRivalsareworkingtogethermorethaneverbefore.Here’showtothinkthroughtherisksandrewards.AdamBrandenburgerandBarryNalebuff58DIVERSITYTheForgottenDimensionofDiversitySocialclassisasimportantasraceorgender.PaulIngram68NEGOTIATIONNegotiatingYourNextJobFocusonyourrole,responsibilities,andcareertrajectory,notyoursalary.HannahRileyBowlesandBobbiThomason76TECHNOLOGYWhenMachineLearningGoesOfftheRailsAguidetomanagingtherisksBorisBabic,I.GlennCohen,TheodorosEvgeniou,andSaraGerkePhotographbySTEPHENLENTHALL86GalleryStock6HarvardBusinessReviewJanuary–February2021ALLINONBEATSALLINONSTREETSTHENEW2021LEXUSIS.ALLINONTHESPORTSEDAN.lexus.com/IS|#LexusIS2021ISFSPORTshownwithoptionsusingvisualeffects.©2020LexusIDEAWATCHNewResearchandEmergingInsights15LEADERSHIPWhyRookieCEOsOutperformExperiencedexecutivesrelyt...
