Measuring Impact beyond Financial Returns
IESE Faculty: Prof. Fabrizio Ferraro and Prof. Heinrich Liechtenstein
In recent years a growing number of investors has been seeking opportunities for financial investments that produce social or environmental benefits.As the phenomenon of investing in private enterprises that aim to contribute to solving social and environmental problems has been growing, impact investing has emerged as "an investment approach that intentionally seeks to create both financial return and positive social or environmental impact that is actively measured" (World Economic Forum, 2013: 7).
While the rapid growth of the field of impact investing has soon been accompanied by the question about how to measure and assess impact, a more fundamental question about how impact investing firms define impact and attempt to incorporate considerations of impact into the overall investment decision-making has not been exhaustively addressed yet.
In order to advance our understanding on how impact is defined by impact investors and on how firms actually attend to the tension between social and business goals, the study aims to explore the process of impact integration by analyzing its nature, dynamics and mechanisms. In particular, by studying experienced impact investing firms, and by observing this process at different levels (venture firm, fund, portfolio firm), we aim to:
analyze how impact-focused investors formulate impact objectives in their investment process, monitor the achievement of these objectives, and manage the investments made in terms of impact;
analyze how impact investors cope with the often conflicting demands they face from their multiple stakeholders and explore the governance, organization and tools they deploy to cope with the complexity;
understand how impact and financial aspects are connected and identify the elements that relax or stress the tension between diverse objectives.
GrowSmarter: transforming cities for a smart, sustainable Europe
IESE Faculty: Prof. Joan Enric Ricart and Prof. Pascual Berrone.
Partner institutions: Stockholms stad, Stadt Köln, Institut Municipal d'Informàtica de Barcelona, ICLEI European Secretariat GmbH, Kungliga Tekniska Högskolan (KTH), Stadt Graz, Municipiul Suceava, Authority for Transport in Malta, Câmara Municipal do Porto, Cork City Council, Regional Environmental Center for Central and Eastern Europe (REC), Envac AB, Dalkia Sverige AB, Fortum Power and Heat AB, Carrier Transport AB, Skanska Sverige AB, Info24 AB, Insero E-Mobility AS (IEM), RheinEnergie (RE), ampido GmbH, STATTAUTO Köln Gesellschaft für Car Sharing mbH, AGT Group (R&D) GmbH, Deutsche Wohnungsgesellschaft mbH (DEWOG), Endesa SA, RETEVISION I, S.A., Anteverti Consulting SL, Barcelona Supercomputing Center – Centro Nacional de Supercomputación (BSC), Centre d'Innovació del Transport (CENIT), Gas Natural SDG, S.L., Fundació Privada I2CAT, Institut de Recerca en Energia de Catalunya (IREC), Philips GmbH, Schneider Electric Industries SAS, UrbisUp Consulting SL, Promoting Operational Links with Integrated Services (POLIS), IBM Svenska AB.
GrowSmarter aims to improve the quality of life for European citizens by better mobility, housing and the quality of urban infrastructure while improving the citizens economy by lower energy costs and creating as much as 1500 new jobs (on the demonstration level); to reduce the environmental impact by lower energy needs by 60 % and increased use of renewable energy thus reducing GHG emissions even more; and to create sustainable economic development by demonstrating and preparing a wider rollout of smart solutions.
GrowSmarter will demonstrate at 3 lighthouse cities 12 smart, integrated solutions as a way of preparing for a wider market rollout. These solutions are integrated in specially chosen sites making demonstration easy to reach and take part of for the 5 follower cities and other European and international study groups. All the smart solutions are fit into the Lighthouse-cities strategic development plans and the follower cities replication plans.
The solutions solve common urban challenges such as renewal of existing buildings (GrowSmarter demonstrates the cost efficient renewal of 100.000 square meters of Nearly Zero or low energy districts reducing energy demand by 70-90%), integrated infrastructures for ICT, street lighting, smart grids district heating and smarter waste handling or sustainable urban mobility for both passenger and gods integrated in smart grids, biofuels from household waste thus reducing local air quality emissions by 60%.
The integration of Cities, strong group of industrial partners together and quality research organisations guarantee that the solutions will be both validated by independent research organisations and transformed into Smart Business Solutions by industry for the wider rollout to Europe.
Growsmarter builds on integrated, close to the market solutions, to form business models for their wider deployment by the industrial partners. The project will help Europe GrowSmarter!
Innovative peptides against cancer and pathogenic bacteria (INPACT)
IESE Faculty: Prof. Jaume Ribera and Magda Rosenmöller, Center for Research in Healthcare Innovation Management (CHRIM)
Partner institutions: Instituto de Medicina Molecular da Universidade de Lisboa, Universitat Pompeu Fabra, Technopage SA, CEAMED SA, ProteoDesign SL, Universidade Federal do Rio de Janeiro, University of Queensland, Stanford University, Instituto Ciência Hoje (ICH).
INPACT aims at the pre-clinical development of innovative drugs and drug formulations against selected cancers (e.g. prostate cancer) and pathogenic bacteria (e.g. S. aureus). The INPACT consortium allies the expertise of both academic and industrial R&D partners that contribute with their own unique technologies to achieve new drugs that are only possible to develop in an integrative effort. Academic partners have unique knowledge and technologies on supercharged viral proteins-derived cell-penetrating peptides (eg from Dengue virus) and ultra-resistant cyclic peptides that may be transferred to the industrial partners, which in turn have specialized proprietary technologies on anticancer and/or peptide drugs’ technologies. The judicious exchange of knowledge among partners will lead to new resistant peptides for trans-barrier delivery of drugs (eg cyclic peptide-drug chimeras) and bacterial killing (both planktonic and biofilms). INPACT includes four leading academic partners (from Portugal, Spain, Australia, and Brazil) and three consolidated biotech SMEs (one from Portugal and two Spain).
In addition to the R&D project itself, INPACT involves at the highest possible level a top business school in Europe (IESE, Barcelona, Spain), a consolidated media partner specialised in science communication (Ciencia Hoje, Rio de Janeiro, Brazil) and experts in international science funding from one of the top US universities (University of Stanford). The consortium will be the perfect environment for young researchers to acquire knowledge and skills in science, technology, entrepreneurship, business, and communication so they can pro-actively tailor their career path in a life-long learning perspective. This is a contribution towards the advancement of Europe through the use of research and education for societal development and economic growth.
Personal Interactive Assistant for Independent Living and Active Ageing (ALFRED)
IESE Faculty: Prof. Nuria Mas, Prof. Alfredo Pastor, Magda Rosenmöller and Prof. Jaume Ribera, Center for Research in Healthcare Innovation Management (CHRIM)
Partner institutions: Ascora GmbH (ASC), Atos Spain SA, Tempos 21 Innovación en Aplicaciones Móviles S.A., Charité - Universitätsmedizin Berlin, Asociación de Investigación de la Industria Textil (AITEX), Technische Universität Darmstadt, Stichting Nationaal Ouderenfond, Talkamatic AB, E-SENIORS : initiation des seniors aux TIC, Tie Nederland B.V.
In an optimal society, elderly people will be able to live at their own homes with the possibility to act independently and to actively participate in society. The ALFRED proposal will contribute to this goal by providing a personal and interactive assistant for elderly people. ALFRED will foster independent living and active ageing, integrating interactive services for elderly people and for care-takers. It will prevail age-related physical and cognitive impairments through the effective use of ICT and the better coordination of care processes.
In order to achieve those objectives, the project will create a virtual, interactive assistant for elderly people. This assistant will be realized as a mobile device running on day-to-day Android smartphones allowing a wide impact of the project results. ALFRED will be fully voice-controlled and combine latest scientific research results from mobile development, data management, context aware services, speech recognition and personal data management, combined with activities from behavioural and social science.
In one sentence: ALFRED will realize a mobile, personalized Butler for elderly people helping them to stay independent, to coordinate with caregivers and to foster the active participation in society. ALFRED will be fully voice controlled and could – from a user perspective - also be described as “Siri for supporting elderly people” but with an open and extendable app background and with a clear and precise focus on improving the life of elderly people. Developers will be able to contribute new “Health Apps” to ALFRED extending the platform and generating new added value.
Exploiting macro-accounting information for asset pricing, systemic risk and monetary policy analysis (EMAIFAP)
IESE Faculty: Prof. Miguel Antón
Partner institutions: Individual
The information in banks’ balance sheet has long been neglected in important areas of Macroeconomics and Finance. The latest financial crisis has shown however that banks’ balance sheet positions provide essential information to understand bank dynamics, systemic risk, the monetary policy transmission mechanism as well as their market valuation. While these are all important topics, they are typically treated separately in the banking-macro-finance literature. The aim of this project is to draw on the wealth of information present in commercial bank and bank holding companies balance sheets in order to shed light on their empirical implications for these key macro-finance developments. We will also examine the role that banking capital regulation plays on their market valuations at the micro level as well as on the transmission of monetary policy to the real economy.
The role of corporate governance in the 2008 Financial Crisis (CG&FC)
IESE Faculty: Prof. Gaizka Ormazabal
Partner institutions: Individual
The purpose of this project is to follow up with a line of research on the role of corporate governance I started at Stanford University during my PhD at the Graduate School of Business. With the support of the Rock Center for Corporate Governance, I have explored different aspects of corporate governance and their regulatory implications. In papers coauthored with leading researchers from Stanford, Wharton and Harvard, I am exploring several aspects of the potential role of corporate governance on the financial crisis such as the role of corporate boards on risk oversight, the role of credit rating agencies and executive risk-taking incentives in the securitization process, insider trading activity around the financial crisis, the market reaction to corporate governance regulation, and the role of proxy advisory firms in stock option exchanges. Some of this work has been published or is under review at top-tier economics journals. There is still much to learn about whether the financial crisis could have been avoided or mitigated by appropriate incentives and monitoring mechanisms, and about which corporate governance practices affect outcomes important to investors. In conjunction with my American colleagues, I will keep exploring the multidimensional nature of corporate governance and financial regulation and hopefully will also keep publishing papers at leading scientific journals in the areas of Finance and Accounting. This research project is also an opportunity to strengthen the cooperation between European and American business schools in a joint effort to better understand the causes and consequences of the recent financial upheaval.
Trade Preferences as Development Aid: Theory and Evidence (Trade as Aid)
IESE Faculty: Prof. Morten Olsen
Partner institutions: Individual
Over the last 10 years the use of Special Trade Preferences – the granting of lower import tariffs to specific countries – has increasingly been used as a tool to encourage development in developing countries, primarily in Africa. Yet, despite the popularity of these tools - practically all sub-Saharan countries receive some form of special trade preferences - we have little understanding of how well they work, both in terms of transferring wealth and encouraging growth. On what basis should they be evaluated? How should they be designed to be the most effective? Can they be superior to alternatives of traditional foreign aid? We seek to answer these questions in three ways. First, we develop a theoretical model that specifically allows for varying types of export goods, in particular in the use of labor and (potentially imported) inputs as requirements on the use of imported intermediated inputs is an important feature of special trade preferences. Second we use two changes in trade policy – the removal of tariffs on fabric for a number of African Countries with the African Growth and Opportunity Act (AGOA) of 2000 as well as the expiration of fabric quotas primarily for Asian competitors in 2004 – to test the predictions of the model. To test the data we will use a highly disaggregated data set containing information on volume, type of imports and price, of imports into the US from a large set of exporters. Third we design a theoretical model that allows for growth enhancing effects of policy and study optimal policy in this context. Preliminary theoretical results indicate that the current design of AGOA – with no requirements on third party inputs – encourages the production of products with a large imported share of fabric and the removal on quotas for Asian competitors in 2004 pushed African exports into cheaper exports. Both of these results find preliminary support in the data.
Evaluating the impact of socialization tactics, social networks and demographic similarity on newcomers’ organizational socialization and performance in a longitudinal cross-industry data sample (SocialiseME)
IESE Faculty: Prof. Massimo Maoret
Partner institutions: Individual
Organisational socialisation, or how we “acquire the social knowledge and skills necessary to assume an organisational role”, is now more relevant than ever due to current socio-economic trends that have repercussions on individuals, organisations and the overall society. The 2008 Great Recession put the cost-structures of EU organisations under great stress, and failure in newcomer socialisation hinders organisations and firms due to the inability of incoming talent to perform at high levels, and to the costs associated with turnover and additional recruitment. My first objective is thus to evaluate the effectiveness of socialisation tactics in different industries and job tasks. Second, in the flat, interdependent organisations that characterise the current workplace, networks are critical in determining success. Thus, I will evaluate the development of newcomer social networks and their relationship to their performance. Results will allow workers to self-access their career and socialisation trajectory through a tool based on my scientific findings, in order to achieve higher individual performance, job satisfaction and well-being. Third, employees now transition into organisations that are highly diverse due to the increasing cross-country mobility and immigration in the EU. It then becomes relevant to evaluate the impact of demographic differences between newcomers, supervisors and colleagues on socialisation effectiveness. Socialising diverse newcomers more efficiently will foster organisational performance and prevent social discrimination by ensuring a smooth integration of individuals of different cultural origins into the workplace. To attain my research objectives I will test a new theoretical framework using statistical estimation methods on two separate large longitudinal datasets, based on survey data from the Apprentissage of French Master Grande Ecole students and archival data on the performance of professional basketball players (1985-2012).
Recruitment for Effective European Cultural Workforce Diversity REDIVE
IESE Faculty: Prof. Antonio Dávila and Mathieu Carenzo, Entrepreneurship Innovation Center (EIC)
Partner institutions: Advancis, Leaders2B, Danmar Computers, RSM
REDIVE is a Life Long Learning Program Leonardo project that aims ultimately at improving the multi-cultural recruitment processes in EU companies to increase the effectiveness of workforce diversity, by addressing the problems/challenges: Lack of awareness on the incorporation of workforce diversity in corporate strategy, Limited skills and knowledge on culture and diversity by HR and recruitment professionals, Gap in the market with regard to training on culture and workforce diversity.
Reactive Operations Models for a Changing World (REACTOPS)
IESE Faculty: Prof. Víctor Martínez
This project will study how to best use reactive operations in industries facing constant and unpredictable changes on demand and supply conditions. While there is general agreement that reactivity is beneficial when products are innovative, exhibit high sales uncertainty and have short life-cycles, few models explain the details of how to build and execute such strategies. This requires modeling flexible production processes, designing cost-effective dynamic stores and modeling the dynamics of demand, at the micro-level. This project will study how firms can become more reactive. First, it is important to develop richer demand models, dynamic and stochastic in nature and capable of accommodating consumer choice within the available product assortment, focusing on fashion dynamics in apparel retailing, where micro-trends will be studied. The team will collect actual sales data from companies in the industry and constitute a Fashion Observatory that will centralize information, produce periodic reports and become a world knowledge centre for the industry. Second, the team will understand how to design better dynamic store policies with building models for optimizing product assortment based on a changing set of available products, product quantities (limited to inventory availability constraints) and product prices (possibly with constraints to avoid strategic behaviour from customers) over time, focusing on the dynamic nature of the decisions. Third, the team will investigate how to build and use flexibility in production and distribution processes with special attention devoted to including operational details relevant for European manufacturers. The results will help them leverage their closer position to the EU markets. The project will create better models for reactive operations, based on analytical work and data mining. These better models and data will open new directions for academic research and can be transferred to industry practice, especially in retail but also in manufacturing.
Adopting Hospital Based Health Technology Assessment in EU
IESE Faculty: Prof. Magda Rosenmöller and Prof. Jaume Ribera, Center for Research in Healthcare Innovation Management (CHRIM)
Partner institutions: Fundació Privada Clínic per a la Recerca Biomèdica, IESE Business School, OUH Odense Universitetshospital, Lausanner University Hospital, Helsingin ja Uudenmaan sairaanhoitopiirin kuntayhtymä (Hospital District of Helsinki and Uusimaa), Sahlgrenska University Hospital, Università Cattolica del Sacro Cuore – Policlinico Universitario Agostino Gemelli, Ludwig Boltzmann Institut/e für/for Health Technology Assessment, Ankara Numune Training and Research Hospital, The National Knowledge Center for the Health Services
HTA plays a key role in promoting an efficient swift introduction and diffusion of valuable Health Technologies (HTs) thus optimising the sustainability of health care systems. The use of HTA as a part of the decision-making process at national, regional, and international levels has evolved considerably over the past 35 years. However, still an important number of good-value innovative HTs never reach clinical practice while, in many instances, others with no significant added value actually do. This situation can only be effectively overcome by approaching HTA at a hospital level, notably because hospitals are the main entry level for innovative HTs To address these challenges, the AdHopHTA project aims at strengthening the use and impact of excellent quality HTA results in hospital settings, making available pragmatic knowledge and tools to boost adoption of hospital based HTA initiatives. As a secondary aim, the project will create an adequate ecosystem where formal coordination among existing hospital based HTA initiatives and liaison with national and regional HTA agencies will flourish. AdHopHTA focuses on hospital based HTA, an area not previously addressed by EUnetHTA, and in need of greater attention due to the considerable volume of resources that hospitals mobilise around investments in HTs. Through the 7 work packages that constitute the work plan, AdHopHTA will achieve the following 4 strategic objectives: 1) To perform a critical analysis of current formally established hospital based HTA initiatives; 2) To provide with a set of principles for best practice in hospital based HTA initiatives; 3) To advance a framework for setting a collaboration among current hospital based HTA initiatives and deployment to other interested EU hospitals; and, 4) To promote the collaboration and coordination of hospital HTA initiatives with HTA National/Regional organisations and pan-European HTA initiatives (eg. EUnetHTA) The final results of the AdHopHTA Project will be the following products: a) development of guiding principles on best practices for hospital based HTA; b) an accompanying toolkit to facilitate the deployment of such principles; and, c) the design and set-up of a database for hospital based HTA products in coordination/compatibility with the POP database (EUnetHTA
INTEGRATE: Benchmarking Integrated Care for Better Management of Chronic and Age-related Conditions in Europe
IESE Faculty: Prof. Magda Rosenmöller and Prof. Jaume Ribera, Center for Research in Healthcare Innovation Management (CHRIM)
Partner institutions: IESE Business School, Hospital Clinic Barcelona University Hospital, Tilburg University, Maastricht, Charité Berlin, Hospital Karolinska, SINTEF, Katholieke Universiteit Leuven, Tallinn Hospital, Università della Svizzera Italiana (USI), International Foundation for Integrated Care (IFIC)
INTEGRATE aims at gaining valuable insights into integrated care, starting from the premise that it offers benefits for patients and Europe’s health and social security systems, which are facing the challenges of an ageing population and increased chronic conditions. For these benefits to be realized, there is still much to be learnt in terms of process design, service delivery, skills mix, patients’ involvement, funding flows, regulatory conditions, and enabling information technologies to create connectivity, alignment and collaboration within and between the cure and care sectors. INTEGRATE will look into best practices of integrated care that have a proven impact in terms of positive patient care experiences; care outcomes and cost-effectiveness. The key aim is to define what constitutes good quality integrated care provision. By studying successful case studies and a defined set of horizontal issues across different Europe health systems, we will identify generic success factors of care integration, taking into account context dependency. The results will be contrasted with international evidence and feed into operational and policy recommendations. INTEGRADE brings together a multi-disciplinary team with extensive knowledge of the challenges involved in promoting integrated care, drawing on financial, regulatory, human resources, technological, and managerial perspectives, covering very different European settings, including a new Member State, building on existing collaborative relationships. To ensure scientific coherence and maximize the chances of achieving effective policy change, INTERGRADE builds on a strong, existing network of IFIC (International Foundation of Integrated Care). INTE GRATE will impact on European health policies by providing managerial and policy recommendations, based on evidence from successful integrated care experience, with the aim to support health providers and Member States in better organizing health care and systems.
The role of Technology, Models, and Metrics in the Socially Responsible Investing Field
IESE Faculty: Prof. Fabrizio Ferraro
This project will study the emergence of the socially responsible investing field, with a special focus on the role that technologies, models and metrics are playing in the development of these new investing practices. The term responsible investing refers to the consideration of the impact of environmental, social and governance factors (ESG) in the choice of financial investments, and the integration of these factors in traditional financial portfolio analysis and engagement activity. This phenomenon is growing quickly: in the last two years, the assets under management held by responsible funds in Europe went from €1 trillion in 2005 to €2.7 trillion at the end of 2007. Whether or not these new practices will be effective in influencing corporate behaviour in more responsible ways remains an open question. Likewise, the supposed integration of ESG factors in traditional financial analysis will require the construction of novel metrics and valuation models, and changes in the current information infrastructure of the world of finance. This project will focus attention on three related processes: the design of novel technological and data infrastructure for responsible investing, the emergence of novel investing practices, and finally the role of engagement in the process. To explore them in depth, the project will use a multi-method study of the key players in this emerging field, and structured it around three studies: study 1 (Designing technology, models and metrics for socially responsible investing) will explore the design and deployment of a novel data and information platform in one of the leading information providers in the financial markets (Bloomberg LP); study 2 (Responsible Investment Practices) will focus on the different ways in which asset managers (Societé Generale, Unicredit, Robeco, Banca Etica) are attempting to integrate ESG factors and traditional financial analysis; finally, study 3 (The process and outcomes of engagement) will focus on the engagement process at the Interfaith Center for Corporate Responsibility, with a focus on both the practices and their outcome.
This study will contribute to our understanding of the relationship between socio-political values and financial value, and help further our sociological understanding of financial markets. At the same time, it is expected that our findings could inform the work of economists and finance scholars puzzled by the emergence of this phenomenon, and suggest changes to the theoretical models we currently use to think about the relationship between individual preferences and investment decisions.
The shift towards a more responsible European economic space will also require a more responsible financial sector, and this study, by focusing on the early experimentation with this practice would also provide finance practitioners and policy-makers insights on how to develop a robust responsible investing community.
INFOCOMP: Information and Competition
IESE Faculty: Prof. Xavier Vives, Public-Private Sector Research Center (PPSRC)
The project has two basic research themes. The first one (I) is mostly theoretical and deals with economies with private information. The second (II) is more applied and deals with competition policy. (I) Despite the rowing body of work in economies with dispersed information there are at least three important stumbling blocks in the received literature: lack of understanding of the dynamics of markets involving complementarities and information; consideration of public information as exogenous; and avoidance or extreme simplification of welfare analysis (e.g. because of the lack of a well-defined welfare benchmark and/or the presence of noise traders in the model). In the first part of the project I plan to contribute to remove these obstacles by developing the theory of games with strategic complementarities and incomplete information; introducing static and dynamic models where public information is endogenous; doing away with noise traders and replacing them by hedgers, and performing a welfare analysis with an appropriate welfare benchmark for private information economies. (II) Despite its relevance, rigorous analysis of competition policy is relatively recent. In the second part of the project I plan to advance in three directions: the study of regulation and merger policy with supply function competition and private information (with potential application to the wholesale electricity market); competition policy in R&D-intensive industries and its connection with industrial policy (with application to competition policy design in dynamic industries); and competition policy in banking (with a theoretical review of the link between competition and stability and an empirical approach to evaluate merger control practice in EU member states). The tools used will be mostly theoretical (game theory, information economics, market microstructure, industrial organization and financial intermediation theory) with the exception of the empirical project on on bank mergers.
Cloud platforms Lead to Open and Universal access for people with Disabilities and for All (CLOUD4all)
IESE Faculty: Prof. Antonio Dávila and Mathieu Carenzo, Entrepreneurship Innovation Center (EIC)
Partner institutions: Fundosa Technosite S.A. (TECH) - Coordinator; Raising the Floor – International (RtF-I), Centre for Research and Technology Hellas/Hellenic Institute of Transport (CERTH-HIT), Centre for Research and Technology Hellas/Informatics and Telematics Institute (CERTH-ITI), Philips Consumer Lifestyle (Philips), Microsoft (MS), Mozilla (Mozilla), University of Tübingen (UTÜB), BBC (BBC), Fundación Vodafone España (FVE), Inclusive Design Research Centre OCAD University (IDRC), Technische Universität Dresden (TUD), DOMOLOGIC Home Automation GmbH (DML), Stephen Andrew (LEE FULLM), Fondazione Don Carlo Gnocchi Onlus (FDCGO), Fundació Privada Barcelona Digital Centre Tecnològic (BDIGITAL), Singular Logic (SILO), IESE Business School (IESE), Fraunhofer-Gesellschaft zur Förderung der angewandten Forschung e.V. (FhG), Universidad Politécnica de Madrid (UPM), Astea Solutions AD (ASTEA), EnLogic, Texthelp Systems Ltd (TextHelp), Omnitor AB (Omnitor), Code Factory, Opera, Serotek US, Emergya (Emergya), Höft&Wessel (H&W), Disability Now (DN), ONCE FOUNDATION (FONCE), SoVD-Landesverband Niedersachsen e.V. (SoVD)
This proposal will explore and develop some of the key techniques, technologies, and standards needed to implement a global public inclusive infrastructure. The work of this proposal will be carried out in collaboration with efforts in other countries in a coordinated and cooperative effort to explore, test, and advance the GPII concept. This proposed effort includes participants from the United States, Canada, South America, Japan, Korea, and Europe. It includes mainstream ICT industry, AT industry, academia, NGOs, consumer groups, service groups, and benevolent organizations.
Roadmapping future technologies for Active Ageing at work and related RTD platforms identification (Goldenworkers)
IESE Faculty: Prof. Antonio Dávila and Mathieu Carenzo, Entrepreneurship Innovation Center (EIC)
Partner institutions: Ernst & Young School, Fraunhofer ICT Group, VTT, Age Platform Europe AISBL, TECH4I2 Limited, Fundation Adecco
Longer life expectancies and low birth rates together impact on the demographics of the workforce. The proportion of 50 to 64 year olds in the workforce will be double in size compared to workers younger than 25 years (35 versus 17%) in the EU15. A marked paradox exists between a longer life and a shorter working life. More healthy years will be spent in retirement than in work. So, the problem is not higher life expectancies but earlier retirement. Improved health and technological advances make it possible to extend work life beyond age 65 extending independence, productivity and quality of life. Ageing–related technological innovations can help ageing to stay at work and they fall into four technological categories:
- enabling technologies (which assist people to “age in place”)
- operational technologies (which assist aging people to function in society)
- connective technologies (which assist aging people to communicate with caregivers, families and medical resources and vice versa)
- telemedicine (which allows a medical source or caregiver to monitor, diagnose and/or treat patients from a distance).
According the above concepts GOLDENWORKERS’s main objectives are: Develop an RTD roadmap for active aging at work; Create a set of realistic scenarios, based on the socioeconomic conditions that are present in the different regions of EU27; Validate scenarios and existing gaps with final users and stakeholders; Identify shared RTD roadmap (among Industry, SMEs, Unions, Users, research and academia) and concrete recommendations for covering the identified gaps and achieving the more agreed scenarios; Create expert communities to design a common RTD strategy.
Building sustainable research capacity for health and its social determinants in low and middle-income countries (SDH-Net)
IESE Faculty: Prof. Magda Rosenmöller, Prof. Jaume Ribera and Prof. Natalia Yankovic, Center for Research in Healthcare Innovation Management (CHRIM)
Partner institutions: German Technical Cooperation GTZ, IESE, University of Witwatersrand, University of Nairobi, Ifakara Health Institute, National School of PH (Sergio Arouca, Oswaldo Cruz F.), Instituto Nacional de Salud Publica, Universidad Nacional de Colombia, Council on Health Research for Development, London School of Hygiene and Tropical Medicine, University of Geneva
RC4H&SD will build, strengthen and link research capacities for health and its social determinants in different partner countries in Africa, Latin America and in Europe. A sound mapping exercise of (i) social determinants of health (SDH); (ii) national and global stakeholders in the research environment, and (iii) existing research capacities and initiatives in the participating countries will be the basis for innovative and broad research capacity building, as an integral part of research system strengthening and with a particular focus on research management and research methodology relevant to comprehensively address social determinants of health. Accordingly, links between research and policy will be forged, and social determinants of health will be addressed from an interdisciplinary and cross-sectoral perspective to create a sustainable and attractive research landscape.
By developing a concept for, and piloting specific capacity building measures on individual, institutional and system level, RC4H&SD will contribute to research system strengthening and to the creation of research landscapes that enable and impulse locally relevant, interdisciplinary, social justice and equity promoting research, particularly by young researchers, that is taken up by policy makers.
RC4H&SD will have an important impact as it will lead to enhanced capacities for conducting and managing research on SDH and communicating research results, forge links between research, policy and practice and contribute to defining the SDH global and national research and policy agenda.
INNOCreative - Training for fostering Creativity and Innovation
IESE Faculty: Prof. Antonio Dávila, Mathieu Carenzo and Kandarp Harsiddh Mehta, Entrepreneurship Innovation Center (EIC)
Partner institutions: META Group, Semmelweis, GEA, IESE
Creativity and innovation are the main pillars of the nowadays knowledge based economy, being one of the key elements for personal, social and economic development. As stated by the Commission "Creativity and innovation contribute to economic prosperity as well as to social and individual wellbeing."
Promote such skills and attitude is of crucial importance for Europe, and education and training should be the elective vehicle for instilling in young and adult learners such attitudes as well as the skills to manage the innovation process or to look at traditional businesses with innovative and creative approaches.
The scope of the proposal is therefore to improve the quality of the existing vocational training offer in Hungary Slovenia and Italy by transferring and adapting to regional contexts, an existing and tested training programme for Creativity and Innovation developed by the IESE Business School.
Impact Measurement and Perfomance Analysis of CSR (IMPACT)
IESE Faculty: Prof. Joan Fontrodona and Steven MacGregor, Center for Business in Society (CBS)
Partner institutions: Öko-Institut e.V. – Institute for Applied Ecology (coordinator), Copenhagen Business School, European Academy of Business in Society, Foundation CentERdata, Katholieke Universiteit Leuven / Center for Economics and Ethics, Central European University, Helsinki School of Economics, Nottingham University Business School, INSEAD The Business School for the World, Institute for Social-Ecological Research, Akademia Leona Koźmińskiego, MIP Politecnico di Milano, Tilburg University, Vienna University of Economics, ZEW – Centre for European Economic Research and Business, IESE Business School, Vlerick Leuven Gent Management School
Corporate Social Responsibility (CSR) assumes greater practical significance and political relevance in the EU. A central concern is the extent to which CSR delivers benefits for economies, societies and the environment, providing a business contribution to the EU’s policies for growth, competitiveness, better jobs (Lisbon Strategy) and sustainable development (Gothenburg strategy). By contrast there is little empirical evidence on the impacts of CSR practices on company performance and the wider economy, or the social and environmental fabric of Europe, its nations and regions. There are no widely applied tools and methods that provide valid and representative assessments of the impacts of CSR.
The IMPACT project addresses these gaps in knowledge. The project uses a common conceptual framework to develop and apply tools that enable assessment and comparison of CSR impacts – at micro (company), meso (sectoral and regional) and macro levels (nations states and EU). Indicators will be developed to assess the contribution of CSR impacts on EU policy objectives, for growth, competitiveness (including innovation), quality of jobs and environmental sustainability. A large-scale inter- and transdisciplinary empirical investigation will be carried out using four complementary methods: econometric analysis, company case studies, an analysis of different company and industrial networks and a Delphi study.
European Cluster Management Excellence consortium
IESE Faculty: Prof. Antoni Subirà, International Center for Competitiveness (ICC)
Partner institutions: IESE (Coordinator); Clusterland Oberösterreich GmbH; VDI/VDE Innovation + Technik GmbH; MFG Innovation Agency for ICT and Media (Baden-Wurttemberg), Association Club des Districts Industriels Français; Baltic Innovation Agency; CROATIAN EMPLOYERS' ASSOCIATION; ecoplus. The Business Agency of Lower Austria Ltd.; CONFEDERATION OF HUNGARIAN EMPLOYERS AND INDUSTRIALISTS; Innovasjon Norge, ACC10, Suddansk Universitet, Europa InterClusters, Generalitat de Catalunya
Cluster-Excellence.eu puts together the most experienced persons and organisations in Europe to identify and set up a meaningful set of quality indicators and peer-assessment procedures for cluster management. The intention is to develop training materials and set up an approach for quality labelling of cluster management, in order to help cluster managers achieve high levels of excellence in their duties and to succeed in the peer-assessments. Cluster-Excellence.eu will then create and act as a club of professionals and institutions, to promote cluster management excellence, and diffuse the adoption of the Quality Label among its members.
IESE has extensive experience in managing publicly funded projects financed through various national (Spanish Ministry of Economy and Competitiveness and regional authorities) and EU programs, including Horizon 2020, FP7, FP6 and FP5 Framework cooperation programs with its Marie Curie fellowships and prestigious ERC Starting and Advanced Grants as well as Competiveness and Innovation Program.
To find out more about IESE's work in this area contact the manager of the Research Project Unit, Sofia Anisimova, on +34 932 534 200 or firstname.lastname@example.org.
Below is a list containing some of the research projects financed by the European Union which involve IESE participation. Click on each title for further information.