It's time to reinvent management. You can help.

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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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
SVM is a comprehensive, capital based approach to sustainability mapping costs/ benefits of a company’s activities accruing to the corporate, the individual and society throughout the value chain.
Hack by Luke Johnson on May 10, 2012
Open Source Capitalism is the convergence of political, economic and social systems into an ecosystem of mankind whereby human potential can flourish at its highest level.
Hack by Dan Schmitt on April 11, 2012
The status quo business model assumes that companies create products and sell them to customers.
Hack by Matt Shlosberg on October 12, 2010
In Corporate Strategy at NBCUniversal, I believe what we do matters.
Hack by Benjamin Decker on September 17, 2011
In order to reinvent management, we have to replace the root cause of its current function. One of these root causes is the fact that manager's job is to create wealth for shareholders.
Hack by Matt Shlosberg on September 5, 2010
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

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