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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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Organizations could evaluate employee job performance by measuring "on the job behavior", citizenship behavior, and personal growth and development.
Hack by Mikeys on August 22, 2010
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
Meaning and practice of "capitalism" will keep changing with changing times in the dynamic global economy.
Hack by Srinivasan Abhinavam on April 27, 2012
“If passion is not aroused, not much is going to happen, and responsibility will never has a chance.” Harrison Owen“Leadership everywhere” is impossible under the premises of the organizational model
Hack by Agustin Jimenez on July 8, 2013
This hack is on how Management could try and improve customer experience
Hack by Nancy Joel on March 16, 2011
Too much process oriented work culture slows down the whole transaction. In my radiology department in a cancer hospital I have discarded all processes which have more than five checks.
Hack by Arvind Chaturvedi on December 23, 2011
Migros is the largest retailer in Switzerland. The company has been always intimately involved in the country's social, communal and economic affairs.
Common purpose organisations are collectives of individuals, come together to achieve a particular purpose that accords with a common purpose of fulfilment without harm for everyone (staff, customers,
Hack by Ben Wallace on March 30, 2012

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