Binding: Hardcover
Description: A Financial Times Book of the Year 2020! What is a responsible business? Common wisdom is that it's one that sacrifices profit for social outcomes. But while it's crucial for companies to serve society they also have a duty to generate profit for investors - savers retirees and pension funds. Based on the highest - quality evidence and real - life examples spanning industries and countries Alex Edmans shows that it's not an either - or choice - companies can create both profit and social value. The most successful companies don't target profit directly but are driven by purpose - the desire to serve a societal need and contribute to human betterment. The book explains how to embed purpose into practice so that it's more than just a mission statement and discusses the critical role of working collaboratively with a company's investors employees and customers. Rigorous research also uncovers surprising results on how executive pay shareholder activism and share buybacks can be used for the common good.
Title: Grow The Pie How Great Companies Deliver Both Purpose And Profit
Author(s): Edmans Alex (London Business School)
Publisher: Cambridge University Press
Barcode: 9781108494854
Pages: 382 Pages, Worked Examples Or Exercises; 1 Tables, Black And White; 19 Line Drawings, Black And Whit
Publication Date: 4/16/2020
Category: Corporate Governance