BOSTON--(BUSINESS WIRE)--Harvard Business Review is pleased to announce that Michael E. Porter and Mark R. Kramer are the McKinsey Award winners for their 2011 article “Creating Shared Value.” Porter is the Bishop William Lawrence University Professor at Harvard Business School and a four-time winner of the McKinsey Award. Kramer is co-founder and managing director of FSG and also a previous McKinsey Award winner.
The annual McKinsey Awards, judged by an independent panel of business and academic leaders, commend outstanding articles published each year in Harvard Business Review. The awards were established in 1959 to recognize practical and groundbreaking management thinking by determining the two best articles each year. This year’s announcement appears in the April issue of the magazine, hitting newsstands on March 27th.
In “Creating Shared Value,” Porter and Kramer argue for the need to reinvent capitalism in order to combat the diminished trust in business and the resulting policies set forth by political leaders that are sapping economic growth. Their concept of “shared value” focuses on the connections between societal and economic progress which they believe, when put into practice, will help unleash a wave of global innovation and growth. The article first appeared in the January/February 2011 issue of Harvard Business Review and received acknowledgement from respected outlets like the New York Times, Forbes, Financial Times, BBC, and more.
“Creating Shared Value was a seminal article for Harvard Business Review in 2011,” said Adi Ignatius, Editor-in-Chief of Harvard Business Review. “It was the catalyst for our yearlong effort to highlight content that called on business leaders and politicians alike to rethink capitalism.”
This year’s McKinsey Awards also recognizes Rosabeth Moss Kanter as the second place winner for her article, “How Great Companies Think Differently.” Kanter is the Ernest L. Arbuckle Professor of Business Administration at Harvard Business School. Kanter’s article outlines the need for corporate leaders to think of themselves as builders of social institution in order to truly master today’s business challenges.
The 2011 award winners were selected by a diverse and distinguished panel of leaders from business, finance, and academia:
Cathy Benko
Vice Chairman, Deloitte
Ian Bremmer
President, Eurasia Group
Kenneth W. Freeman
Dean, Boston University School of
Management
R. Glenn Hubbard
Dean, Columbia University Graduate School
of Business
Bill McDermott
Co-CEO, SAP
Nandan M. Nilekani
Co-founder, Infosys
Steve Reinemund
Dean of Business, Wake Forest University
Linda Rottenberg
Co-founder, Endeavor
Daniel Vasella
Chairman, Novartis
Jaime A. Zobel de Ayala
Chairman and CEO, Ayala
About the McKinsey Awards
Since 1959, the McKinsey Foundation for Management Research has presented awards recognizing the best articles published each year in Harvard Business Review. Past winners include such notables as Peter Drucker, Clayton M. Christensen, and George Stalk.
About Harvard Business Review
Harvard Business Review is the leading destination for smart management thinking. Through its flagship magazine, 11 international licensed editions, books from Harvard Business Review Press, and digital content and tools published on HBR.org, Harvard Business Review provides professionals around the world with rigorous insights and best practices to lead themselves and their organizations more effectively and to make a positive impact.