ANHERMÈSWATCHHASTIMEONITSSIDECAPECODWATCH1-800-441-448862ManagingtheRightTensionDominicDoddandKenFavaro76MAKINGAREALDIFFERENCE78StrategyandSociety:TheLinkBetweenCompetitiveAdvantageandCorporateSocialResponsibilityMichaelE.PorterandMarkR.Kramer94DisruptiveInnovationforSocialChangeClaytonM.Christensenetal.104StrategiestoFightLow-CostRivalsNirmalyaKumar114InnovatingThroughDesignRobertoVerganti20Forethought35HBRCaseStudyTheCEOWhoCouldn’tKeepHisFootoutofHisMouthLisaBurrell49BigPictureExtremeJobs:TheDangerousAllureofthe70-HourWorkweekSylviaAnnHewlettandCarolynBuckLuce124FirstPersonLeadershipUnderFireDovFrohman133BestPracticeLiftOuts:HowtoAcquireaHigh-FunctioningTeamBorisGroysbergandRobinAbrahams160ExecutiveSummaries166PanelDiscussionPLUS:HBR’sAnnualReader’sGuide…page142UNLOCKDecember2006www.hbr.org…page62OverworkedandProudofIt…page49NonprofitDinosaurs?…page94HBRSpotlightGREATPERFORMANCEPORTER&KRAMERonAligningStrategyandCorporateSocialResponsibilityThereare193countriesintheworld.Noneofthemareenergyindependent.Sowho’sholdingwhomoverabarrel?ChevronStepsTaken:•Investingover$15billionayeartobringenergytomarket.•Developingenergythroughpartnershipsin26countries.•Committinghundredsofmillionsannuallytoalternativeandrenewableenergiestodiversifysupply.•Since1992,havemadeourownenergygofurtherbyincreasingourefficiencyby24%.CHEVRONisaregisteredtrademarkofChevronCorporation.TheCHEVRONHALLMARKandHUMANENERGYaretrademarksofChevronCorporation.©2006ChevronCorporation.Allrightsreserved.Thefactis,thevastmajorityofcountriesrelyonthefewenergy-producingnationsthatwonthegeologicallottery,blessingthemwithabundanthydrocarbons.Andyet,evenregionswithplentyofrawresourcesimportsomeformofenergy.SaudiArabia,forexample,theworld’slargestoilexporter,importsrefinedpetroleumproductslikegasoline.Soifenergyindependenceisanunrealisticgoal,howdoeseveryonegetthefueltheyneed,especiallyinaworldofrisingdemand,supplydisruptions,naturaldisasters,andunstableregimes?Trueglobalenergysecuritywillbearesulto...
