Schulich School of Business to spark dialogue on Re-Imagining Capitalism at Shape North America Summit
Discussion to reflect on how community of young global leaders might work toward more sustainable, responsible market system
TORONTO – Friday, July 14, 2017 – The Schulich School of Business at York University today announced that it will host a panel discussion on Tomorrow’s Capitalism: Re-Imagining Capitalism at the Shape North America Summit 2017.
The panel discussion will take place at the Toronto Region Board of Trade at 10:30 a.m. on Saturday, July 15, as part of the Shape North America Summit’s Toronto events. Schulich is an official Innovation Partner of the Shape North America Summit 2017, to be held in Toronto and Ottawa from July 12-16.
The Shape North America Summit is presented by the Toronto and Ottawa hubs of the Global Shapers Community, which was founded in 2011 to gather together the brightest people under age 35 identified by the World Economic Forum. Along with the 250 Global Shapers from more than 20 countries attending the Summit in person, another 1,000 Global Shapers are expected to engage online in real-time with the Summit events.
Schulich’s panel discussion will build upon the thought leadership initiated in the book, Re-Imagining Capitalism, a collaboration between Schulich and McKinsey and Company that is edited by Dominic Barton, global managing partner of McKinsey & Company, Schulich Dean Dezsö J. Horváth, and Matthias Kipping, Business History Chair at Schulich. Launched globally at this year’s World Economic Forum in Davos, Switzerland, Re-Imagining Capitalism charts a hopeful and constructive path forward for a capitalist system under increasing pressure to change in order to address its impact on society, the environment, and prosperity. All Global Shapers at the Summit will receive a copy of the book.
The Schulich Innovation Breakout session, Tomorrow’s Capitalism: Re-Imagining Capitalism, will begin with an introduction by Schulich Dean Dezsö J. Horváth, who will provide an overview of the impetus behind Re-Imagining Capitalism as well as some of the key findings from the book.
Following that, there will be a panel discussion focused on some of the key themes in the book moderated by Dirk Matten, Director of Schulich’s Centre of Excellence in Responsible Business, Hewlett-Packard Chair in Corporate Social Responsibility, and Associate Dean of Research at the Schulich School of Business, as well as co-author of the chapter in Re-Imagining Capitalism titled, “Engagement Required: The Changing Role of the Corporation in Society”.
Panelists include several of the book’s contributing authors:
- Tiffany Vogel, Associate Partner, McKinsey & Company, and co-author of the chapter titled, “Building the Right Long-term Approach: The Power of Aligning Leadership, Strategy, and Execution”;
- John Stackhouse, Senior Vice President, Office of the CEO at RBC, and author of the chapter titled, “Narrowcasting: How Media and Political Disruption Changed the Economic Debate”; and
- Robyn Seetal, Sustainability and Climate Change Manager, Deloitte, as well as a member of the Calgary Shapers Hub.
“The Schulich School of Business is proud to be a part of this important gathering,” said Schulich Dean Dezsö J. Horváth. “Not only is the global business environment changing, but the very nature of capitalism itself is being transformed before our eyes by the effects of intensified globalization, the rapid pace of technological change, the rise of new business models and disruptive innovation. Our key challenge in the years ahead is: how will we anticipate and capitalize on these changes re-shaping our world? And what sort of skills and knowledge will the leaders of tomorrow need to succeed in a world marked by constant turbulence? That is why it is imperative that we re-think the way we do business.”
“The Shape North America Summit provides a wonderful opportunity to engage young leaders in a dialogue about how to build on some of the powerful approaches business leaders have proposed to help guide the world toward a more sustainable and inclusive model of capitalism,” said Dirk Matten, Hewlett-Packard Chair in Corporate Social Responsibility at Schulich. “Climate change, an inadequate global water supply, income inequality, displaced refugees – these and many other issues are all linked to the way the global economy is organized and any solutions will require the involvement of business leaders.”
“The world’s brightest minds from government, industry and non-profit will shape the public policy landscape for generations,” said Arjun Gupta, Chair of the Shape North America Summit. “Our conference theme, Tomorrow’s Jobs and Inclusive Growth, will break new grounds exploring NAFTA, Women in Business, Clean Growth and Artificial Intelligence.”
In addition to Schulich, other Innovation Partners of the Shape North America Summit include: Government of Ontario; Insurance Bureau of Canada; Shopify; Samuel, Son & Co.; Barrick Gold; and Suncor Energy. Also, in addition to Schulich, other educational sponsors of the Summit include: Yale School of Management; Harvard Business School; Stanford Graduate School of Business; and MIT Sloan School of Management. Corporate sponsors include Fairmont Hotels & Resorts; McKinsey and Company; Teck; Air Canada; Roots; Thomson Reuters; Goldcorp; Nestlé; and Coca-Cola.
About Global Shapers
Founded in 2011, the Global Shapers Community is made up of the brightest people under age 35, as identified by the World Economic Forum. Members include leading entrepreneurs such as the Co-Founder of Airbnb. The Global Shapers Community has “Hubs” in eight major Canadian cities, and in all 50 American states. The Community has no single agenda or purpose. Rather, it is a platform that enables its members to pursue their own projects, and collaborate with others, in a way that amplifies their impact.
Known as Canada’s Global Business School™, the Schulich School of Business in Toronto is ranked among the world’s leading business schools by a number of global surveys. Schulich’s MBA program is ranked #1 in the world by Corporate Knights, the world’s largest circulation magazine with an explicit focus on Corporate Social Responsibility, in a global survey that identifies which schools are doing the best job of preparing future business leaders for the environmental, social and ethical complexities of modern-day business. Schulich’s MBA program is also ranked #1 in Canada and among the world’s leading schools by The Economist, Forbes, CNN Expansión and América Economía. Schulich is also ranked among the world’s top 35 business schools for a career in investment banking in a global survey by eFinancialCareers.com. The Kellogg-Schulich EMBA program is ranked #5 in the world by The Economist and #1 in Canada by the Financial Times of London. For complete ranking details, please visit www.schulich.yorku.ca.
Global, innovative and diverse, Schulich offers business programs year-round at its state-of-the-art complex at York University; at its Miles S. Nadal Management Centre located in the heart of the Toronto’s financial district; and at its new campus in Hyderabad, India. Schulich also operates a number of satellite centres in Beijing and Shanghai, China; Mumbai, India; Seoul, South Korea; Mexico City, Mexico; and Sao Paulo, Brazil. Schulich offers undergraduate, graduate and postgraduate business degrees that lead to rewarding careers in the private, public and nonprofit sectors, and has approximately 30,000 alumni working in over 90 countries. The School pioneered Canada’s first International MBA (IMBA) and International BBA (iBBA) degrees, as well as North America’s first ever cross-border Executive MBA degree, the Kellogg-Schulich Executive MBA. In addition to Schulich’s Master of Finance, Master of Management and Master of Accounting degrees, the School launched one of the world’s first Master of Business Analytics and Master of Real Estate and Infrastructure degrees. Schulich’s Executive Education Centre provides executive development programs annually to more than 12,000 executives in Canada and abroad.
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