Then there's the Nobel laureate Al Gore himself, now an exceedingly wealthy founder of Generation Investment Management, a green business broker and major stockholder in the Chicago Climate Exchange.

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With over 42, 000 graduates, two-thirds of whom live and work in the Philadelphia metropolitan area, Fox is a major source of management talent in the region and has close relations with business.

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In the decades since Palepu and I were at HBS, however, major shifts in geopolitics and business have caused HBS to reshape the way it thinks about management education.

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Since the major role of business management is identification and mitigation of risk, Least Privilege is a powerful tool in our arsenal.

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Through Groupe Danone's painful experience, Kraft learned that building up a local management team to maintain solid connections with the Chinese distributors is a major part of doing retail business in China.

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