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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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The meetings we endured and designed, added to frustrations and stress in an already caustic work place.
Story by Ellen Weber on July 31, 2010
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
Leaders must be managers; but, managers do not necessarily have to be leaders. Leaders have to manage all the resources at their disposal, self, others, communication, etc.
Story by Jim McGriff, Jr. on February 7, 2017
The healthcare environment is going through a period of unprecedented change and complexity due to new regulations and pricing pressures that has created significant limitations on how the pharmaceuti
Story by Debraj Dasgupta on December 12, 2012
While the phrase “strategy reset” means different things to different companies, most strategy practitioners agree, that there are not many comprehensive approaches available within the market place t
Story by Charles Prabakar on May 27, 2011
For many leaders, "being transformational" means, just pursuing opportunities that fit their company's faith based visions and goals.
Story by Charles Prabakar on May 31, 2011

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