Net Impact @ Ross Awarded Gold Chapter Status

Earlier this summer, in recognition of their hard work as a chapter, Net Impact @ Ross received Gold status from Net Impact Central. The chapter accomplished a great deal in the 2018-2019 year and NI Central said it was excited to see what your chapter does this school year.

Net Impact Central will be announcing the full list of Gold chapters on their site to share Net Impact @ Ross’  great stories with the larger Net Impact community.  As a Gold chapter, Net Impact @ Ross has also been entered into the running for Chapter of the Year and is promised special status at the 2019 Net Impact Conference in Detroit Oct. 24-26.

Business+Impact is proud of this extraordinary club and close partner in the work of impact for business.

Michigan Ross MBAs Share the Insights They Learned About Teamwork on Day 2 of Business School

Just one day after arriving on campus, the most diverse class of Michigan Ross Full-Time MBA students ever were faced with an ambitious business challenge presented by Amazon and the Sanger Leadership Center. This year’s Business + Impact Challenge asked students to develop innovative ways Amazon could use its resources to create ethical and profitable impact for those living on less than $2 a day in India.

Read full blog post

Popularity of Social I’s and E’s

Keyword Volume

 
PPC Comp.

 
Intent

 
corporate social responsibility
  22,200 9.05 Very high
social responsibility
  14,800 1.47 Medium
social entrepreneurship
  9,900 5.46 Very high
impact investing
  6,600 41.98 Very high
social change
  5,400 0.66 Low
social enterprise
  5,400 5.82 Very high
community impact
  4,400 1.12 Medium
social impact
  3,600 6.73 Very high
corporate social responsibility definition
  3,600 1.39 Medium
what is corporate social responsibility
  2,900 2.72 High
social responsibility of business
  1,600 12.64 Very high
social good
  1,600 4.1 Very high
social innovation
  1,300 9.87 Very high
impact of social media
  1,300 4.25 Very high
centre for social innovation
  1,300 3.08 Very high
social impact bonds
  1,300 10.06 Very high
social implications
  1,000 0.23 Very low
social impact jobs
  880 4.39 Very high
social impact definition
  880 2.08 High
center for social change
  880 5.47 Very high
social entrepreneurship definition
  880 3.11 Very high
impact company
  880 3.47 Very high
social enterprise definition
  720 2.33 High
social impact investing
  720 56.01 Very high
social impact theory
  590 1.1 Medium
corporate social responsibility companies
  590 12.87 Very high
social entrepreneurship examples
  590 6.37 Very high
social bonds
  590 0.37 Very low
social investment
  590 41.42 Very high
social aspects
  590 0.02 Very low
social venture
  590 2.29 High
social impact consulting
  480 20.51 Very high
social enterprise alliance
  480 7.11 Very high
social sector
  480 0.03 Very low
pay for success
  480 0 Very low
kapor
  480 0.1 Very low
social effects
  390 0.05 Very low
impact investing funds
  390 63.91 Very high
enterprise social network
  390 61.69 Very high
what is social impact
  390 4.78 Very high
social consequences
  390 0 Very low
impact center
  390 2.49 High
media impact
  320 4.81 Very high
social entrepreneurship companies
  320 11.84 Very high
impact consulting
  320 2.8 High
social lab
  320 0 Very low
sroi
  320 1.07 Medium
social impact fund
  320 26.31 Very high
impact measurement
  320 3.88 Very high
social significance
  320 0 Very low

We Face Incredible Global Challenges — But I’m Committed To Helping My Fellow Students Rise To The Occasion

April 22, 2019

by Grant Faber, BBA ‘19 / MS ‘21

More than 70 billion farm animals are killed for food each year, along with trillions of sea animals. And about 67 percent of humanity lives on less than $10 per day. These depressing statistics represent some of the worst problems that conscious beings on Earth face: existential risk, factory farming, and global poverty respectively.

Effective altruism (EA) is a philosophy and international social movement that uses evidence and rigorous research to determine the most effective ways to identify and solve these kinds of problems. And, I’m happy to say, it recently found its way into Michigan Ross.

Read the complete blog post »

Workshop on Defining, Measuring, and Encouraging Impact

On Friday, March 22, 2019 a workshop co-sponsored by Effective Altruism at Michigan and Business+Impact gathered for the purpose of discussing social impact in terms of effective altruism, which is a philosophy that tries to discover how we can use our time and careers to do the most good possible.

This event was presented through the prism of business and effective altruism. Jerry Davis of Ross introduced B+I, and Prof. David Manley of U-M Philosophy talked about Effective Altruism, and lastly Trevor McCarty and Nicholas Hollman of EA @ Michigan discussed their club. Following these talks, there was an activities portion where workshop participants had input on how to accomplish the workshop’s goals.

Download the slides »

Read the notes that came out of the workshop »

 

Q&A – Jerry Davis on how Free Accounting Fridays and other programs help Detroit business owners and nonprofits thrive

Jerry Davis is the associate dean at the Stephen M. Ross School of Business and leads the Business + Impact initiative. Davis’ research at the University of Michigan is broadly concerned with corporate governance and the effects of finance on society. Through his years as a researcher, he recognized the implications that globalization and technology had for the U.S. economy as millions of Americans jobs were being displaced. He realized that the private sector needed to have a more positive impact on society. With this realization, Davis began concentrating on how business could be used to solve some of the world’s most pressing challenges.

Read more in U-M’s Detroit feature »

LISTEN NOW: Eight Short Talks from Some of the Smartest People at U-M about the Future of Society

It’s a big, hairy question: What does the future of society look like, and how is technology changing the way we solve our biggest challenges?

During a recent event, leaders and researchers from across the University of Michigan came together in a one-of-a-kind interdisciplinary event to work towards gaining answers. “The Choice” event, co-organized by Jerry Davis, Michigan Ross professor and associate dean for Business + Impact, asked faculty and researchers from across the university to question how we make the choices that we do as a society — by democracy, market, hierarchy, or increasingly by algorithm — and how those choices influence and contribute to our collective ability to flourish as a society.

Take a listen to the talks below, and share your favorites.

Law  | Dating and Social Life  | News and Information  | Self-Driving Cars  |  Community Organizing  | Bitcoin and Blockchain  | Democracy  | Education

Read more at Michigan Ross >

“The Choice” Wrestled with Algorithms and the Future of Democracy and Markets

ANN ARBOR – February 8, 2019 – Business+Impact and U-M’s Center for the Study of Complex Systems gathered U-M scholars from across disciplinary boundaries to ponder big questions about how society should best choose the institutions/methodologies to make choices that will influence and contribute to a society’s or organizations’ ability to flourish. These institutions and mechanisms guide, manage, allocate, and harness society’s intellectual, financial, social, and ecological resources to decide on laws, policies, and leaders. 

It’s a big, hairy question: What does the future of society look like, and how is technology changing the way we solve our biggest challenges?

“The Choice” event, co-organized by Jerry Davis, Michigan Ross professor and associate dean for Business+Impact, asked faculty and researchers from across the University to question not just the choices we make when solving problems, but how those choices influence and contribute to our collective ability to flourish as a society.

“The Choice is not a new question,” Davis said. “But given advances in technology, it may have new answers.”

A highlight of the session was the lightning talks segment, examining approaches to measurement and allocation in the following areas:

  • Law  – J.J. Prescott, Professor of Law, University of Michigan Law School
  • Dating and Social Life  – Fred Feinberg, Professor of Marketing, University of Michigan Ross School of Business
  • News and Information  – Ceren Budak, Assistant Professor of Information, University of Michigan School of Information
  • Self-Driving Cars – Bryant Walker Smith, Assistant Professor of Law, University of South Carolina, and Adjunct Professor, University of Michigan Law School
  • Community OrganizingEli Savit, Adjunct Professor, University of Michigan Law School; General Counsel, Office of the Mayor, City of Detroit
  • Bitcoin and Blockchain – Lynnette Shaw, Assistant Professor of Complex Systems, University of Michigan College of Literature, Science, and the Arts
  • Democracy – Johan Chu, Michigan Ross PhD graduate, Assistant Professor of Organizations and Strategy, University of Chicago Booth School of Business
  • EducationPaul Courant, Professor of Public Policy, Ford School of Public Policy and former U-M Provost

For the last part of the event, teams at tables examined subject areas of their own choosing, using a micro-charrette to extract the best ideas. Teams examined water infrastructure, savings plans, gerrymandering, homelessness, vaccinations, student applications, and access to transportation. They examined these issue through the lens of market, hierarchy, democracy, and algorithms, then worked on designed solutions to the issues presented.

Participants recognized that the challenges presented each required its own homologous main approach, however most problems are large enough to require a hybrid model. in a world of big data and large data sets, we should be able to move to a world where outcomes are personalized for people. Algorithms provide information, organizations provide infrastructure and execution, but democracies and markets need to help us make societal changes.

Media from the Event

Listen to podcasts of the lightning talks:
Law  | Dating and Social Life  | News and Information  | Self-Driving Cars  |  Community Organizing  | Bitcoin and Blockchain  | Democracy  | Education

View photos from the event

Read the Michigan Ross Blog Post

 

Fostering Social Change at Work Requires More than Money

“Employees often care about social issues and use their organizations as a vehicle to foster social change,” said David Mayer, U-M professor of management and organizations. “Yet, despite commonly communicating through economic language, speaking up about morals can be more effective when the issue is framed to fit the company’s values and mission.

More workplaces are being asked to use their considerable economic impact to address social issues from health care to the environment, and how management is asked to help makes a difference, says a University of Michigan researcher.

Read more >