Grow the Pie: How Great Companies Deliver Both Purpose and Profit – Updated and Revised

ISBN-13: 9781009054676 / Angielski / Miękka / 2021 / 450 str.

Alex (London Business School) Edmans

Opis

Companies can both serve society and create profit. This book shows how—based on rigorous evidence and an actionable framework.

Recenzje

'Alex Edmans provides robust evidence against the claim that businesses must choose between shareholder value and social responsibility. Although there are trade-offs, there is no single trade-off. What is good for shareholders can be good for society: evidence matters.' Baroness Onora O'Neill, University of Cambridge

Spis treści

Introduction; How to read this book; Part I. Why Grow the Pie? Introducing the Idea: 1. The pie-growing mentality: a new approach to business that works for both investors and society; 2. Growing the pie doesn't aim to maximise profits – but often does: freeing a company to take more investments, ultimately driving its success: 3. Growing the pie doesn't mean growing the enterprise: three principles to guide trade-offs and which projects to turn down; 4. Does pieconomics work?: data – not wishful thinking – shows that companies can both do good and do well; Part II. What Grows the Pie? Exploring the Evidence: 5. Incentives: rewarding long-term value creation while deterring short-term gaming; 6. Stewardship: the value of engaged investors that both support and challenge management; 7. Repurchases: investing with restraint, releasing resources to create value elsewhere in society; Part III. How to Grow the Pie? Putting it into practice: 8. Enterprises: the power of purpose and how to make it real; 9. Investors: turning stewardship from a policy into a practice; 10. Citizens: how individuals can act and shape business, rather than be acted upon; Part IV. The Bigger Picture: 11. Growing the pie more widely: win-win thinking at the national and personal levels; Conclusion; Action items; Appendix; Acknowledgements; Endnotes; Index.

O autorze

Edmans, AlexAlex Edmans is Professor of Finance at London Business School and a leading authority on reforming business to serve the common good. He has spoken at Davos and in the UK House of Commons, and gave the TED talk 'What to Trust in a Post-Truth World' and the TEDx talk 'The Social Responsibility of Business.