Professor Rosemary Batt, Cornell University
Chaired by: Professor Colin Mayer CBE FBA, University of Oxford
Financial actors have increasingly influenced business strategy, and in turn, the organization of work and human resource management. By sharpening a focus on short-term shareholder returns, they encourage the outsourcing of work, substitution of technology for labour, and minimization of long-term employment relations. This approach undermines organizational capabilities and investments in human capital designed to produce innovation, sustainable advantage, and employment stability. This paper explores a range of alternatives designed to rebuild patient capital and create a longer term strategy for organizational innovation and competitiveness – one that can balance the needs of many stakeholders while building sustainable economies.
About the speaker:
Rosemary Batt is the Alice Hanson Cook Professor of Women and Work at the ILR School, Cornell University. She received her BA from Cornell University and her Ph.D. from MIT. Her current research focuses on financialization and globalization and their impact on firm behavior, HR management, and employment relations.
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