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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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PIF stands for Pay it ForwardThe Wikipedia link talks about the concept and has a link to the movie that was made as well.Why not introduce this concept to Managers within organizations?
Hack by Madhusudan Rao on August 23, 2010
Deploy an anonymous electronic reporting system solution that enables middle management to report the enacted values of senior leadership (upper echelon) to the governance level thereby making senior
Hack by Willem Acker on April 18, 2012
A recent study by the economists from MIT, UOC and CMU, suggest that financial incentives, no longer are the primary motivational drivers of increasing business performance, especially when it comes t
Hack by Charles Prabakar on October 17, 2011
This hack introduces Stakeholder Enrichment as a theory and practical application designed to advance Capitalism by rebooting the underlying motivators of self-interest and creating more evolved corpo
Hack by Linda Braasch on May 11, 2012
SME requires different approach in product strategical, management, and development process: why?Generally small and medium size Enterprises (SMEs) have limited resources compared to a large company.
Hack by Avijit Saha on December 7, 2010
With most purpose agenda driven sustainability solutions, being centered around –just changing our personal choices to reduce the carbon footprint, as opposed to changing our lifestyle first, before c
Hack by Charles Prabakar on June 19, 2011
Prime Executive Officer (PEO) is CEO++, who’d be responsible for not just business but employees, their families, partners and the society, at large.
Hack by Niranjan Rao on January 6, 2012
In business there is an increasing desire for people to find their unique voice, contribute in ways that leverage their talents and relate with one another in more meaningful ways.
Hack by Mark Vandeneijnde on March 25, 2011
Engaging senior level experience in a constructive way by creating critical friends.
Hack by Mark McDonald on August 30, 2011

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