How to Grow Towards a Higher Organizational Purpose

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🔥NEW In the past, quite a lot of senior executives, especially those with an Anglo-American business education background, had an economic view of the purpose of any firm. They believed that creating long-term value for the shareholders is the (only) thing that matters. They typically viewed employees as self-interested agents who needed to be controlled by strict, hierarchical processes and procedures. Other people thought that perhaps a stakeholder value orientation was better. In such perspective, companies are seen as networks of parties and people working together towards a shared goal and not merely as 'economic machines'. In any stakeholder value approach, employees are a dominant or even strategic stakeholder, along with the shareholders. Following the arrival of the internet and fast-changing network economy, hierarchical organizations are less and less 'en vogue', and organizational commitment (also called employee engagement) is more important than ever. Quinn and Thakor (201 (...) Read more? Sign up for free

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