Grow the Pie Grow the Pie

Grow the Pie

How Great Companies Deliver Both Purpose and Profit

    • 3.7 • 3 Ratings
    • $24.99
    • $24.99

Publisher Description

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.

GENRE
Business & Personal Finance
RELEASED
2020
March 26
LANGUAGE
EN
English
LENGTH
565
Pages
PUBLISHER
Cambridge University Press
SELLER
Cambridge University Press
SIZE
6.7
MB

Customer Reviews

MsLynnYap ,

Packed with research, complemented with practical ideas

I thoroughly enjoyed this book: inspirational and packed with thorough academic papers that show two sides of the story. The framework presented for companies to create impact while delivering on their purpose and making a profit is practical and addresses the oft repeated limitation expressed by business leaders, “I need to meet shareholders’ expectations”. I also appreciated that it referenced other related economic theories on the topic, including Friedman’s “shareholders’ interests are paramount”, and presented how the Grow the Pie framework is different. A highly recommended reading in this current times!

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