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Wall Street and Main Street: Dilemmas for management strategy

Sir John Cass’s Foundation Lecture, delivered by Professor Rosemary Batt, on 2 March 2017 (venue: The British Academy).

Financial factors have increasingly influenced business strategy, and in turn, the organisation 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 minimisation of long-term employment relations. This approach undermines organisational capabilities and investments in human capital designed to produce innovation, sustainable advantage, and employment stability. This lecture explores a range of alternatives designed to rebuild patient capital and create a longer-term strategy for organisational 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 PhD from MIT. Her current research focuses on financialisation and globalisation and their impact on firm behaviour, HR management, and employment relations.

Lecture chaired by Professor Colin Mayer FBA, University of Oxford.

More about the Sir John Cass’s Foundation Lectures