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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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With the "internet of things" nearly every business is getting into software development. Knowledge of how to create quality software in shorter time frames is a competitive advantage.
Hack by Larry Apke on October 2, 2014
The radical fix highlighted is the top down approach of corporate social responsibility trickling all the way to employee’s job description and performance appraisal system.
Managers in medium to large companies spend an incredible amount of time planning operations and finance.
Hack by Julien Delvat on February 12, 2014
The management religion of PROCESS re-engineering has led to the rationale of splitting “front office” from "back office" functions  with the outsourcing and off-shoring of "non core" functions.Y
Hack by Lorne Mitchell on September 23, 2011
Porter's Five Forces Model has been used in MBA level and other business courses on college campuses since it was invented by Michael Porter just over 30 years ago.
Hack by Aaron Anderson on June 25, 2010

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