Biography

Stuart Hart is one of the world's top authorities on the implications of environment and poverty for business strategy.  He is Professor in Residence at the University of Michigan’s Erb Institute for Global Sustainable Enterprise. He was the founder of the Erb Institute’s dual master’s program in the early 1990s and then went on to hold faculty positions and launch centers for sustainable business at the University of North Carolina’s Kenan-Flagler Business School and Cornell University’s Johnson School of Management, where he is S.C. Johnson Professor Emeritus. Most recently, Hart was Professor and Steven Grossman Endowed Chair in Sustainable Business at the University of Vermont’s Grossman School of Business where he was co-founder and director of the school’s new Sustainable Innovation MBA Program and still serves as Distinguished Fellow.      

Professor Hart has published over 100 papers and authored or edited nine books, with over 50,000 Google Scholar citations. His work has appeared in leading scholarly journals, including Academy of Management Review, Academy of Management Journal, Strategic Management Journal, Journal of International Business Studies, and Management Science, as well as leading practitioner journals, such as Harvard Business Review, Sloan Management Review, Stanford Social Innovation Review, Academy of Management Executive, Strategy+Business, and Foreign Affairs.

His 1995 article "A Natural Resource-Based View of the Firm" is among the most highly cited academic works in the field of sustainable business. In addition, he wrote the seminal article "Beyond Greening: Strategies for a Sustainable World," which won the McKinsey Award for Best Article in Harvard Business Review in 1997, and helped launch the movement for corporate sustainability. With C.K. Prahalad, Hart also wrote the path-breaking 2002 article "The Fortune at the Bottom of the Pyramid," which provided the first articulation of how business could profitably serve the needs of the four billion poor in the developing world. With Ted London, Hart is the author of Next Generation Business Strategies for the Base of the Pyramid. His best-selling book, Capitalism at the Crossroads, published in 2005, was selected by Cambridge University as one of the 50 top books on sustainability of all-time; the third edition of the book was published in 2010.  His new book, Beyond Shareholder Primacy: Remaking Capitalism for a Sustainable Future was published by Stanford Business Books in 2024.

Stuart Hart has received numerous honors and awards for his work in the area of sustainable enterprise. In addition to the 1997 McKinsey Award, his 2001 paper "Do Corporate Global Environmental Standards Create or Destroy Market Value? (with G. Dowell and B. Yeung) won the Moskowitz Prize for outstanding research in the field of socially responsible investing. In addition, he was recognized as a "Faculty Pioneer" by the World Resources Institute in 1999 for his work in integrating environmental and social issues into the management education curriculum. In 2002, he won the Gerald R. Barrett Award as the faculty member who contributed the most to the MBA Program at UNC through his scholarship, teaching, and service. And, in 2014, he received the inaugural Distinguished Scholar Award from the Academy of Management’s Organizations and Natural Environment (ONE) Division.

He has served as consultant, adviser, or management educator for dozens of corporations and organizations including Dupont, S. C. Johnson, Natura, Pepsico, Dow, General Electric, Trane Technologies, Griffith Foods, Cemex, Ford, Caterpillar, Novelis, Unilever, Philips, Novo Nordisk, the World Economic Forum, and the Clinton Global Initiative.  He is an internationally recognized speaker and has delivered hundreds of keynote addresses on the topic of sustainable business around the world.

Stuart Hart earned his Bachelor's degree from the University of Rochester (General Science), Master's degree from Yale University's School of Forestry and Environmental Studies (Environmental Management), and Ph.D. from the University of Michigan (Planning and Strategy).

Email: [email protected]

 

Latest Faculty News & Research