University of Vermont

School of Business Administration

Stuart L. Hart, Ph.D Professor, Steven Grossman Endowed Chair in Sustainable Business

Contact Information
Office: none listed
Phone: (802) 656-8298
E-Mail: shart4@uvm.edu

Office Hours: By Appointment

Stuart L. Hart is one of the world's top authorities on the implications of environment and poverty for business strategy. According to Bloomberg Businessweek, he is "one of the founding fathers of the 'base of the pyramid' economic theory." He is the Grossman Endowed Chair for Sustainable Business and Professor at the University of Vermont's Business School, S.C. Johnson Chair Emeritus in Sustainable Global Enterprise and Professor Emeritus of Management at Cornell University's Johnson Graduate School of Management, where he founded the Center for Sustainable Global Enterprise. He also serves as Distinguished Fellow at the William Davidson Institute (University of Michigan), Founder and President of Enterprise for a Sustainable World, and Founding Director of the Emergent Institute in Bangalore, India.

Previously, he was the Hans Zulliger Distinguished Professor of Sustainable Enterprise and Professor of Strategic Management at the University of North Carolina's Kenan-Flagler Business School, where he founded the Center for Sustainable Enterprise and the Base of the Pyramid Learning Laboratory. He also taught corporate strategy at the University of Michigan's Ross School of Business and was the Founding Director of the Corporate Environmental Management Program (CEMP), now the Erb Institute's Dual Master's Program.

Professor Hart has published over 70 papers and authored or edited seven books, with over 15,000 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 the most highly cited academic work in the field of sustainable enterprise. 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 also the author of a newly released book entitled 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.

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.

He has served as consultant, adviser, or management educator for dozens of corporations and organizations including Dupont, S. C. Johnson, General Electric, Baxter Healthcare, Wal Mart, 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).

Courses Currently Taught by Stuart Hart:

Publication History

Journal Article, Academic Journal
  • Hart, S.; Tata, R.; Sharma, A.; Sarkar, C. - "Why making money is not enough" - Sloan Management Review - 2013 - v. Summer 54, no. 4, pp. 95-96
  • Hart, S.; Dowell, G. - "A natural-resource-based view of the firm: Fifteen years after" - Journal of Management - 2011 - v. 37, no. 5, pp. 1464-1479
  • Hart, S.; Simanis, E. - "Innovation from the inside out" - Sloan Management Review - 2009 - v. Summer, pp. 77-86
  • Hart, S.; Simanis, E.; Duke, D. - "The Base of the Pyramid Protocol: Beyond "basic needs" business strategies" - Innovations - 2008 - v. Winter, pp. 57-83
  • Hart, S.; Simanis, E. - "Expanding the possibilities at the base of the pyramid" - Innovations - 2006 - v. Winter, pp. 43-51
  • Hart, S.; Milstein, M. - "n search of sustainable enterprise: The case of GE???s ecomagination initiative" - Value - 2006 - v. 1, no. 1, pp. 36-43
  • Hart, S.; London, T. - "Developing native capability: What multinational corporations can learn from the base of the pyramid" - Stanford Social Innovation Review - 2005 - v. Summer, pp. 28-33
  • Hart, S.; Wheeler, D.; Zohar, A. - "Educating senior executives in a novel strategic paradigm: Early experiences of the Sustainable Enterprise Academy" - Business Strategy and the Environment - 2005 - v. 14, no. 3, pp. 172-185
  • Hart, S. - "Innovation, creative destruction, and sustainability" - Research-Technology Management - 2005 - v. 48, no. 5, pp. 21-27
  • Hart, S.; Sharma, S. - "Engaging fringe stakeholders for competitive imagination" - Academy of Management Executive - 2004 - v. 18, no. 1, pp. 7-18
  • Hart, S.; Ricart, J. E.; Enright, M.; Ghemawat, P.; Khanna, T. - "New frontiers in international strategy" - Journal of International Business Studies - 2004 - v. 25, pp. 175-200
  • Hart, S.; London, T. - "Reinventing strategies for emerging markets: Beyond the transnational model" - Journal of International Business Studies - 2004 - v. 35, pp. 350-370
  • Hart, S.; Milstein, M. - "Creating sustainable value" - Academy of Management Executive - 2003 - v. 17, no. 2, pp. 56-69
  • Hart, S.; Prahalad, C. K. - "The fortune at the bottom of the pyramid" - Strategy+Business - 2002 - v. 26, pp. 54-67
  • Hart, S.; Christensen, C. - "The great leap: Driving innovation from the base of the pyramid" - Sloan Management Review - 2002 - v. 44, no. 1, pp. 51-56
  • Hart, S.; Christensen, C.; Craig, T. - "The great disruption" - Foreign Affairs - 2001 - v. 80, no. 2, pp. 80-95
  • Hart, S.; Dowell, G.; Yeung, B. - "Do corporate global environmental standards create or destroy market value?" - Management Science - 2000 - v. 46, no. 8, pp. 1059-1074
  • Hart, S.; Arnold, M.; Day, R. - "The business of sustainable forestry: Meshing operations with strategic purpose" - Interfaces - 2000 - v. 30, no. 3, pp. 234-250
  • Hart, S.; Milstein, M. - "Global sustainability and the creative destruction of industries" - Sloan Management Review - 1999 - v. 41, no. 1, pp. 23-33
  • Hart, S.; Dowell, G.; Yeung, B. - "Corporate global environmental standards: Altruism or value-added?" - Academy of Management Best Paper Proceedings - 1998 - v. 58, pp. 232-235
  • Hart, S. - "Beyond greening: Strategies for a sustainable world" - Harvard Business Review - 1997 - v. January-February, pp. 66-76
  • Hart, S.; Dowell, G.; Sastry, A.; Bernicke, J. - "Corporate environmental reputation: Comparing two industries" - Corporate Reputation Review - 1997 - v. 1, pp. 140-147
  • Hart, S.; Ahuja, G. - "Does it pay to be green?: An empirical examination of the relationship between emission reduction and firm performance" - Business Strategy and the Environment - 1996 - v. 5, pp. 30-37
  • Hart, S.; Denison, D.; Kahn, J. - "From chimneys to cross-functional teams: Developing and validating a diagnostic model" - Academy of Management Journal - 1996 - v. 39, pp. 1005-1023
  • Hart, S.; Denison, D.; Dutton, J.; Kahn, J. - "Organizational context and the interpretation of strategic issues: A note on CEO's interpretations of foreign direct investment" - Journal of Management Studies - 1996 - v. 33, pp. 453-474
  • Hart, S.; Figenbaum, A.; Schendel, D. - "Strategic reference point theory" - Strategic Management Journal - 1996 - v. 17, pp. 219-235
  • Hart, S. - "A natural resource-based view of the firm" - Academy of Management Review - 1995 - v. 20, pp. 986-1014
  • Hart, S.; Shrivastava, P. - "Creating sustainable corporations" - Business Strategy and the Environment - 1995 - v. 4, pp. 154-165
  • Hart, S.; Shrivastava, P. - "Greening organizations???2000" - International Journal of Public Administration - 1994 - v. 17, pp. 607-635
  • Hart, S. - "How green production might sustain the world" - Northwest Environmental Journal - 1994 - v. 10, pp. 4-14
  • Hart, S.; Banbury, K. - "How strategy-making processes can make a difference" - Strategic Management Journal - 1994 - v. 15, pp. 235-246
  • Hart, S. - "Commentary: Sustainable strategy in a greening world" - Advances in Strategic Management - 1993 - v. 9, pp. 93-97
  • Hart, S.; Quinn, R. - "Roles executives play: CEO behavioral complexity and firm performance" - Human Relations - 1993 - v. 46, pp. 543-574
  • Hart, S. - "An integrative framework for strategy-making processes" - Academy of Management Review - 1992 - v. 17, pp. 327-351
  • Hart, S.; Quinn, R. - "Executive leadership and performance: Comparing high and low technology firms" - Advances in Global High Technology Management - 1992 - v. 2, pp. 19-32
  • Hart, S.; Shrivastava, P. - "Greening organizations" - Academy of Management Best Paper Proceedings - 1992 - v. 52, pp. 185-189
  • Hart, S. - "Intentionality and autonomy in strategy-making process: Modes, archetypes, and firm performance" - Advances in Strategic Management - 1991 - v. 7, pp. 93-123
  • Hart, S.; Denison, D.; Henderson, D. - "A contingency approach to firm location: The influence of industrial sector and level of technology" - Policy Studies Journal - 1989 - v. 17, pp. 599-623
  • Hart, S.; Henderson, D.; Denison, D. - "The influence of age and size in industrial location preferences" - Academy of Management Best Paper Proceedings - 1989 - v. 49, pp. 307-311
  • Hart, S.; Chambers, B.; Denison, D. - "Founding team experience and new firm performance, in B. Kirchhoff et al (Eds.)" - Frontiers in Entrepreneurship Research - 1988
  • Hart, S.; Denison, D. - "The creation of new technology-based organizations: A system dynamics model" - Policy Studies Review - 1987 - v. 6, pp. 512-528
  • Hart, S. - "Managing knowledge in policy making and decision making" - Knowledge - 1986 - v. 8, pp. 94-108
  • Hart, S.; Enk, G. - "An eight step approach to strategic problem solving" - Human Systems Management - 1985 - v. 5, pp. 245-258
  • Hart, S.; Geurts, J.; Caplan, N. - "Decision techniques and social research: A contingency framework for problem solving" - Human Systems Management - 1985 - v. 5, pp. 333-347
  • Hart, S.; Boroush, M.; Enk, G.; Hornick, W. - "Managing complexity through consensus mapping: Technology for the structuring of group decisions" - Academy of Management Review - 1985 - v. 10, pp. 587-600
  • Hart, S. - "Toward quality criteria for collective judgments" - Organizational Behavior and Human Decision Processes - 1985 - v. 36, pp. 209-228
  • Hart, S. - "The Federal photovoltaics utilization program: An evaluation and learning framework" - Policy Sciences - 1983 - v. 15, pp. 325-343
  • Hart, S. - "The environmental movement: Fulfillment of the renaissance prophesy?" - Natural Resources Journal - 1980 - v. 20, pp. 501-522
Book, Chapter in Scholarly Book-New
  • Hart, S. - "The third generation corporation, in A. Hoffman and T. Bansal (Eds.)" - Oxford University Press - 2011 ,
  • Hart, S.; Milstein, M.; Simanis, E.; Duke, D. - "Base of the Pyramid. In: W. Visser and D. Matten (Eds.)" - John Wiley & Sons - 2007 ,
  • Hart, S.; Milstein, M.; Simanis, E.; Duke, D. - "Poverty. In: W. Visser and D. Matten (Eds.)" - John Wiley & Sons - 2007 ,
  • Hart, S.; Milstein, M.; Louden, T. - "Revolutionary routines: Capturing the opportunity for creating a more inclusive capitalism. In: S. Piderit, R. Fry, and D. Cooperrider (Eds.)" - Stanford Business Books - 2007 ,
  • Hart, S. - "Beyond development: Embracing the base of the pyramid. In: M. Epstein and K. Hanson (Eds.)" - Praeger - 2006 ,
  • Hart, S. - "Greening of business. In: The Environmental Careers Organization (Eds.)" - Island Press - 2004 ,
  • Hart, S.; Sastry, A.; Bernicke, J. - "Changing shades of green: Coupling and Decoupling in Monsanto???s Environmental Orientations, 1991-1997. In: A. Hoffman and M. Ventresca. (Eds.)" - Stanford University Press - 2002 ,
  • Hart, S.; Milstein, M.; York, A. - "Coercion breeds variation: The differential impact of isomorphic pressures on environmental strategies. In: A. Hoffman and M. Ventresca (Eds.)" - Stanford University Press - 2002 ,
  • Hart, S.; Milstein, M.; York, A. - "The differential impact of isomorphic pressures on environmental strategies. In: A. Hoffman and M. Ventresca. (Eds.)" - Stanford University Press - 2002 ,
  • Hart, S. - "Corporations as agents of global sustainability: Beyond competitive strategy. In: D. Cooperrider, and J. Dutton. (Eds.)" - Sage - 1999 ,
  • Hart, S. - "Decision making for strategic environmental advantage: The challenge of sustainability. In: T. Burkhardt, A. Marcus, and K. Sexton (Eds.)" - Island Press - 1998 ,
  • Hart, S. - "From corporate citizenship to sustainable development. In N. Tichy, A. McGill, and L. St. Claire (Eds.)" - New Lexington Books - 1997 ,
  • Hart, S.; Fiegenbaum, A.; Schendel, D. - "Strategic reference point theory. In H. Thomas et al (Eds.)" - John Wiley - 1994 ,
  • Hart, S.; Quinn, R.; Spreitzer, G. - "Integrating the extremes: Crucial skills for managerial effectiveness. In S. Srivastva, et al" - Jossey Bass - 1992 ,
  • Hart, S.; Denison, D. - "Strategy-making process in new technology-based firms: Comparing process and performance, in M. Lawless, and L. Gomez-Mejia (Eds.)." - University of Colorado - 1988 ,
  • Hart, S.; Baba, M. - "Portrait of a new state initiative in industrial innovation: Michigan's Industrial Technology Institute, in D. Gray, T. Solomon, and W. Hetzner (Eds.)" - North Holland - 1986 ,
  • Hart, S. - "Steering the path between ambiguity and overload: Planning as strategic social process, in M. Dluhy, and K. Chen (Eds.)" - Rutgers: Center for Urban Policy research - 1986 ,
  • Hart, S. - "The costs of environmental review: Assessment methods and trends. In Hart, S. et al. (Eds.)" - Westview Press - 1984 ,
Book, Chapter in Textbook-New
  • Hart, S.; Henderson, D.; Denison, D. - "Organizational impacts on firm location decisions. In R. McGowan and E. Ottensmeyer (Eds.)" - Nelson-Hall - 1993 ,
Book, Scholarly-Revised
  • Hart, S. - "Capitalism at the Crossroads: Next-Generation Business Strategies for a Post-Crisis World" - Wharton School Publishing - 2010 - no. 3rd, pp. 322 ,
  • Hart, S. - "Capitalism at the Crossroads: Aligning Business, Earth, and Humanity" - Wharton School Publishing - 2007 - no. 2nd, pp. 260 ,
Book, Scholarly-New
  • Hart, S.; T, L. - "Next-Generation Business Strategies for the Base of the Pyramid: New Approaches for Building Mutual Value" - Financial Times Press - 2011 - pp. 249 ,
  • Hart, S. - "Capitalism at the Crossroads: The Unlimited Business Opportunities in Solving the World???s Most Difficult Problems" - Wharton School Publishing - 2005 - pp. 241 ,
  • Hart, S.; Dussauge, P.; Ramanantsoa, B. - "Strategic Technology Management" - Wiley - 1992 - pp. 218 ,
  • Hart, S.; Denison, D. - "Revival in the Rust Belt" - Institute for Social Research - 1987 - pp. 214 ,
  • Hart, S.; Enk, G.; Hornick, W. - "Improving Impact Assessment" - Westview Press - 1984 - pp. 440 ,
  • Hart, S.; Enk, G. - "Green Goals and Greenbacks" - Westview Press - 1980 - pp. 363 ,
Technical Report
  • Hart, S.; Touesnard, M. - "???Back to the Future: Integrating Sustainability into Credit Union Strategy???" - Filenes Research Institute - 2008 - pp. 71
  • Hart, S.; Simanis, E. - "The Base of the Pyramid Protocol: Toward Next Generation BoP Strategy" - Center for Sustainable Global Enterprise - 2008 - pp. 51
  • Hart, S.; Simanis, E.; Enk, G.; Duke, D.; Gordon, M.; Lippert, A. - "???Strategic Initiatives at the Base of the Pyramid: A Protocol for Mutual Value Creation.???" - Cornell University: Center for Sustainable Global Enterprise - 2005
  • Hart, S.; Reck, J. - "???Water for the Masses: An Assessment of Point of Use Water Treatment Solutions.???" - University of North Carolina: Center for Sustainable Enterprise - 2004
  • Hart, S.; Enk, G. - "???Developing and Commercializing Sustainable New Wood Products.???" - US Department of Agriculture, Forest Products Laboratory: General Technical Report FPL-GTR-136 - 2003
  • Hart, S.; Lempert, R.; Popper, S.; Resetar, S. - "???Capital Cycles and the Timing of Climate Change Mitigation Policy.???" - RAND Corporation - 2002
  • Hart, S.; Levin, C. - "???The Evolution of Environmental Management in the Chemical Industry.???" - Corporate Environmental Management Program, University of Michigan - 1996
  • Hart, S.; Denison, D.; Henderson, D.; Hooijberg, R.; Mishra, A.; Parham, J. - ""Oakland County Business Survey: Year Four Project Report."" - Graduate School of Business Administration, University of Michigan - 1990
  • Hart, S.; Denison, D.; Anderson, J.; Chambers, B.; Henderson, D.; Hooijberg, R.; Mishra, A.; Parham, J.; Stovern, S. - ""Oakland County Business Survey: Year Three Project Report."" - Graduate School of Business Administration, University of Michigan - 1990
  • Hart, S.; Denison, D.; Chambers, B.; Henderson, D. - ""Oakland County Business Survey: Year Two Project Report."" - Graduate School of Business Administration, University of Michigan - 1988
  • Hart, S.; Denison, D. - ""Oakland County Business Survey: Project Report, Year One."" - Institute for Social Research - 1986
  • Hart, S. - ""Technology Assessment in the Netherlands: What Can be Learned from the U.S. Experience in Environmental Impact Assessment?"" - European Congress on Technology Assessment - 1986
  • Hart, S.; Pelz, D.; McAfee, L. - ""An Assessment of the Technological and Managerial Needs and Opportunities of Minority Business in Michigan: A Pilot Project."" - University of Michigan - 1985
  • Hart, S.; Pelz, D. - ""Frustrated Business Users of University Services."" - nstitute for Social Research, University of Michigan - 1985
  • Hart, S. - ""Report of Focus Workshop Proceedings."" - Institute for Social Research - 1984
  • Hart, S.; Pelz, D. - ""Report on Evaluation Panel for Human Services Software."" - Institute for Social Research - 1984
  • Hart, S.; Boroush, M.; Enk, G. - ""Determining the Health Consequences of Inhalable Particle Emissions from Coal-Fired Power Plants: Recommendations for an Integrated Research Agenda,"" - Gordon Enk and Associates - 1983
  • Hart, S.; Chen, K.; Jarboe, K.; Appasamy, P. - ""Anticipation of Future Environmental Problems: Proceedings from a 1982 EPA/Private Sector Workshop."" - University of Michigan - 1982
  • Hart, S.; Enk, G.; Cummings, M.; Hornick, W. - ""A Citizens' Review of the Criteria and Process for Power Plant Siting in New York State."" - Institute on Man and Science - 1980
  • Hart, S.; Enk, G.; Finin, G.; Hornick, W.; Jordan, J. - ""Review of a Methodology for Assessing the Visual Impacts of Overhead Transmission Lines."" - Institute on Man and Science - 1980
  • Hart, S.; Enk, G. - ""Assessing the Benefits Derived from the Environmental Impact Statement Process: Toward a Methodology."" - Institute on Man and Science - 1978
  • Hart, S.; Sherwood, S. - ""A Status Report of the Environmental Quality of the Canandaigua Lake Watershed System."" - Sherwood Associates - 1977
Book Review
  • Hart, S. - "Review of ???Third-Sector Development: Making Up for the Market,???" - Administrative Science Quarterly - 2005 - v. 49, no. 4, pp. 665-666 ,
  • Hart, S. - "Review of ???Business Management and the Natural Environment: Cases and Text??? and ???Environmental Management: Readings and Cases,???" - Journal of Industrial Ecology - 2000 - v. 15, pp. 169-170 ,
  • Hart, S. - "Review of ???From Heresy to Dogma: An Institutional History of Corporate Environmentalism,???" - Academy of Management Review - 1998 - v. 23, no. 2, pp. 354-357 ,
Other
  • Hart, S. - "Beyong ???Saddle Bag??? Sustainability in Management Education" - 2013
  • Hart, S. - "Building the Corporate Innovation White Space" - 2013
  • Hart, S. - "Elevating the Corporate Sustainability Advisory Council" - 2013
  • Hart, S. - "Putting the Horse Back in Front of the Cart" - 2013
  • Hart, S. - "Strategy and Sustainability: Building Tomorrow???s Opportunity" - 2013
  • Hart, S. - "The Sustainability Mindset of Executives: Four Views" - 2013
  • Hart, S. - "Will Bangalore Become the Next Detroit?" - 2013
  • Hart, S. - "Create a Business Ecosystem: Think Like a Mountain" - 2012
  • Hart, S. - "On Becoming a Skeptical Optimist" - 2012
  • Hart, S. - "Sustainability as an Opportunity: India versus China" - 2012
  • Hart, S. - "The Fallacy of Extrapolation" - 2012
  • Hart, S. - "The Hidden Agenda at Rio + 20" - 2012
  • Hart, S. - "The Real Job Creators" - 2012
  • Hart, S. - "The Road to Rio + 20" - 2012
  • Hart, S. - "Beyond the Tyranny of Labor Productivity" - 2011
  • Hart, S. - "Decentralized, Distributed and Disruptive: The New Diseconomies of Scale" - 2011
  • Hart, S. - "On Creating Smaller Problems" - 2011
  • Hart, S. - "The Clean Tech Economy at the Base of the Pyramid" - 2011 [Show/Hide Abstract]
  • Hart, S. - "The Doughnut Hole in Sustainable Finance" - 2011
  • Hart, S. - "The Key to Future Value Creation: Listening to the "Voice of the Planet"" - 2011
  • Hart, S. - "The New Dust Bowl" - 2011
  • Hart, S. - "The New Green Alchemy" - 2011
Personal web site.