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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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Permission to draw fundamental distinctions between Performance Aspiration and Health Aspiration, as described throughout Beyond Performance, McKinsey & Company, represents a land
Story by John Roth on August 18, 2012
After a period of relative under-performance from '99 to '04, In 2005 Hindustan Unilever undertook a massive 'culture-reboot' that focussed the length and breadth of the organization on making a 'real
Story by Stephen Remedios on April 15, 2012
The Internet is perhaps the most transformative technology in history, reshaping business, media, and society in astonishing ways.  But for all its power, it is just now being tapped to transform
The Indian market is witnessing an exponential increase in the Small and Medium-sized enterprises (SMEs) with the direct rise in global opportunities.
Barrier by Ramesh Dasary on November 19, 2012
Traditionally firms develop their social responsibility skills after they grow and mature. The culture of business and economical conditions delay these skills to later stages.
Hack by Erkin Tunca on March 17, 2011
There's a crisis in management, and that's because everyone is fighting fires with the same old methods. It is like being on a treadmill that you can't get off.
Hack by Stephen Remedios on November 1, 2011
 Create a culture of local purpose in a company rather than just tasks and goals based activities, and create a purpose based organisation ready for adaptation.  Create a vision and engage a
Hack by Julien Pascual on July 17, 2013

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