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Focus the work of management on a higher purpose

"We need companies that feel like movements."

Most companies strive to maximize shareholder wealth—a goal that is inadequate in many respects. As an emotional catalyst, wealth maximization lacks the power to fully mobilize human energies. It’s an insufficient defense when people question the legitimacy of corporate power. And it’s not specific or compelling enough to spur renewal. Individuals need a compelling answer to the question, “What’s worth my life?” And organizations must offer a compelling case for why what they do matters—an original and persuasive blueprint for where their industry could and should be going. Going forward, management practices must focus on the achievement of socially significant and noble goals.

107 Stories
164 Hacks
12 Barriers

Focus the work of management on a higher purpose

"We need companies that feel like movements."

Most companies strive to maximize shareholder wealth—a goal that is inadequate in many respects. As an emotional catalyst, wealth maximization lacks the power to fully mobilize human energies. It’s an insufficient defense when people question the legitimacy of corporate power. And it’s not specific or compelling enough to spur renewal. Individuals need a compelling answer to the question, “What’s worth my life?” And organizations must offer a compelling case for why what they do matters—an original and persuasive blueprint for where their industry could and should be going. Going forward, management practices must focus on the achievement of socially significant and noble goals.

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The time has come when Mahatma Gandhi said "We cannot possibly keep on encrouching mother nature and whatever we do even in business enterprise has to be sustainable in every respect".
Hack by Tarun Kumar Mann on March 20, 2011
If we are to focus the work of management on a higher purpose, I contend that we need to begin by adjusting our reward systems.  To obtain the highest leverage on this lofty goal, companies shoul
Hack by Stuart Thompson on September 18, 2010
In most organizations, the staff is so monopolized by day-to-day demands that innovation never seems the thing to do.
Hack by Butch Walker on June 14, 2012
Empower people, give them space, pay them salaries in time and equip them with all the tools of innovation.My company runs a BPO in a conflict zone.
Hack by Omar Wani on July 30, 2010
“The central principle behind the success of the giants born in the Web 1.0 era who have survived to lead the Web 2.0 era appears to be this, that they have embraced the power of the web to harness co
Story by John mushriqui on July 18, 2011
Under Leadership Everywhere Challenge programme what are we looking for- an idea or a leader?
Our society is obsessed with celebrities and their many faults, but to what extent.
Story by L. Blake Harvey on June 30, 2011
Writing on Long Term Capitalism I described business which puts people and their needs before maximising shareholder value as the New Bottom Line.The position paper for people-centered economics argue
Story by Jeff Mowatt on March 27, 2019
Let the business users who know VOTE. In IT there is always a backlog of desired projects. The same can happen in other areas of business.
Hack by alexander keenan on May 26, 2011

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