Strategy Science最新文献_第2页

Decoding Culture: Tools for Behavioral Strategists 解码文化：行为战略家的工具

IF 3.9

Strategy Science Pub Date : 2023-07-03 DOI: 10.1287/stsc.2022.0008

Özgecan Koçak, P. Puranam

引用次数: 2

Making Sense of Corporate Purpose 明确企业目标

IF 3.9

Strategy Science Pub Date : 2023-06-13 DOI: 10.1287/stsc.2023.0054

W. Ocasio, Matthew S. Kraatz, D. Chandler

{"title":"Making Sense of Corporate Purpose","authors":"W. Ocasio, Matthew S. Kraatz, D. Chandler","doi":"10.1287/stsc.2023.0054","DOIUrl":"https://doi.org/10.1287/stsc.2023.0054","url":null,"abstract":"Both the societal purpose of the corporation and an individual corporation’s sense of purpose have been subject to increased attention by business elites and academics alike. This special issue presents diverse viewpoints on these two distinct yet interrelated topics. In this introduction, we present the various contributions and build on their insights to develop our independent sensemaking of what corporate purpose entails. Thus, we define corporate purpose, at both the organizational and societal levels, as an institutionalized ideal, a historical, value-based aspiration guiding strategic decision making and practices. We interpret the current societal movement on corporate purpose as one rejecting the logic of shareholder capitalism and proposing sustainable capitalism in its place: an ideal for corporate purpose based on sustainable prosperity for society and its population. At the organizational level, corporate purpose can thus be articulated as a distinctive and meaningful intent to enhance the lives of people. We identify four strategic issues to consider in reconstituting a corporation’s purpose: corporate governance, strategic leadership, stakeholder engagement, and implementation. We conclude by highlighting the centrality of purpose to corporate strategy, an emphasis that was present in the field during its origins but one that got displaced under a logic of shareholder primacy. History: This paper has been accepted for the Strategy Science Special Issue on Corporate Purpose.","PeriodicalId":45295,"journal":{"name":"Strategy Science","volume":" ","pages":""},"PeriodicalIF":3.9,"publicationDate":"2023-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48054546","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Which Types of Investments Benefit from Retaining the Flexibility to Terminate? 保留可终止的灵活性对哪些类型的投资有利?

IF 3.9

Strategy Science Pub Date : 2023-06-06 DOI: 10.1287/stsc.2021.0095

Ankur Chavda

引用次数: 0

Which Types of Investments Benefit from Retaining the Flexibility to Terminate? 保留可终止的灵活性对哪些类型的投资有利?

Strategy Science Pub Date : 2023-06-06 DOI: 10.1287/stsc.21.0095

Ankur Chavda

引用次数: 0

Editorial: Special Issue on Corporate Purpose 社论:关于企业宗旨的特刊

IF 3.9

Strategy Science Pub Date : 2023-06-06 DOI: 10.1287/stsc.2023.0199

Todd R. Zenger

引用次数: 0

Corporate Purpose in Comparative Perspective: The Role of Governance 比较视角下的公司宗旨：治理的作用

IF 3.9

Strategy Science Pub Date : 2023-06-05 DOI: 10.1287/stsc.2023.0198

Ruth V. Aguilera

引用次数: 5

The Promises and Perils of Corporate Purpose 企业目标的承诺与风险

Strategy Science Pub Date : 2023-06-01 DOI: 10.1287/stsc.2023.0187

Sarah Kaplan

{"title":"The Promises and Perils of Corporate Purpose","authors":"Sarah Kaplan","doi":"10.1287/stsc.2023.0187","DOIUrl":"https://doi.org/10.1287/stsc.2023.0187","url":null,"abstract":"Corporate purpose is taking off as a concept within both the corporate world and management academia. Despite many bold pronouncements by companies about pursuing purpose and not just profits, evidence suggests that these are often decoupled from real action on social and environmental issues. In this essay, I grapple with a number of questions that arise for scholars and practitioners given the state of the field. Is the lack of progress intentional such that corporate purpose is just a power grab for firms to protect their influence and profits? Is making the business case for corporate purpose just part of this power grab? Stepping back, what is corporate purpose anyway? Additionally, how does it relate to trade-offs across stakeholders? Who counts as a stakeholder? How can we account for value distribution along with value creation? How can we conceptualize the firm if we take purpose seriously? What would it mean to decenter the firm (and center the stakeholders) in the practice of corporate purpose? What governance structures are needed to enact corporate purpose? Additionally, what are the implications for a new model of decentered leadership? There are not a lot of answers yet, but this review of recent research in the domain spots many excellent clues and paths for future progress. History: This paper has been accepted by Matt Kraatz for the Strategy Science Special Issue on Corporate Purpose. Funding: The Michael Lee-Chin Institute for Corporate Citizenship at the Rotman School of Management, University of Toronto provided financial support for the author’s research in this domain.","PeriodicalId":45295,"journal":{"name":"Strategy Science","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136177372","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Acquisitions and Corporate Purpose 收购和公司目的

IF 3.9

Strategy Science Pub Date : 2023-05-26 DOI: 10.1287/stsc.2023.0193

Claudine Gartenberg, S. Yiu

引用次数: 0

Walking the Purpose-Talk Inside a Large Company: Sustainable Product Development as an Instance of Divergent Change 在大公司内部走目标之路:可持续产品开发作为发散性变革的一个例子

IF 3.9

Strategy Science Pub Date : 2023-05-24 DOI: 10.1287/stsc.2023.0197

M. Kimsey, Thijs Geradts, J. Battilana

{"title":"Walking the Purpose-Talk Inside a Large Company: Sustainable Product Development as an Instance of Divergent Change","authors":"M. Kimsey, Thijs Geradts, J. Battilana","doi":"10.1287/stsc.2023.0197","DOIUrl":"https://doi.org/10.1287/stsc.2023.0197","url":null,"abstract":"There is a growing interest in large companies pursuing a new purpose—changing their core reason for being from a singular focus on financial gain to a renewed responsibility to people and the planet alongside profit. Yet knowledge of how a large company can walk that purpose-talk is still in its infancy. In this essay, we zoom in on the development of new sustainable products that embody a renewed responsibility to people and the planet. We conceptualize sustainable product development in a large company as an instance of divergent change and explore: How can sustainable products develop inside a large company in the face of the intense resistance that such a divergent change is likely to trigger? Building on our qualitative study from 2010 to 2019 of four products in a large fast-moving consumer goods company, we unpack two key leadership practices: (1) relaxing metrics for a product team, which (structurally) enables experimenting with a sustainable product separate from the mainstream business, and (2) advocating with gatekeepers, which (discursively) enables anchoring a sustainable product within the mainstream business. Overall, our findings suggest that sustainable product development will not do much to transform a large company if sustainable products remain merely tolerated exceptions. History: This paper has been accepted for the Strategy Science Special Issue on Corporate Purpose.","PeriodicalId":45295,"journal":{"name":"Strategy Science","volume":" ","pages":""},"PeriodicalIF":3.9,"publicationDate":"2023-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42153858","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

The Value of Organizational Purpose 组织目的的价值

IF 3.9

Strategy Science Pub Date : 2023-05-09 DOI: 10.1287/stsc.2023.0195

Witold J. Henisz

{"title":"The Value of Organizational Purpose","authors":"Witold J. Henisz","doi":"10.1287/stsc.2023.0195","DOIUrl":"https://doi.org/10.1287/stsc.2023.0195","url":null,"abstract":"Broadening the organizational purpose of a firm beyond narrow short-term profit maximization may enhance long-term shareholder value. This result obtains when firms generate unpriced externalities and face difficulties in achieving ex ante incentive alignment with stakeholders through contract or have the ex post possibility of altering stakeholders’ perceptions through virtue signaling (i.e., cheap talk or greenwash). As each of these conditions is ubiquitous in practice, discussion of organizational purpose (beyond narrow short-term profit maximization to encompass stakeholder’s harmonious pursuit of a common higher goal or meaning) should shift from why management might pursue it to how managers obtain and maintain it as well as the value creation and distribution implications of doing so. Drawing on a value-based stakeholder theory of strategic management, I argue that attentiveness to the most salient issues of a firm’s most powerful stakeholders related to the attainment of this higher goal more closely aligns stakeholder and shareholder value in the long term, thereby building and sustaining relational contracts with stakeholders. A firm with strong relational contracts across its nexus of stakeholder relationships increases the likelihood of harmony among its stakeholders, including shareholders. An important challenge to realizing this outcome is that of measurement. As a result, research on organizational purpose should turn its attention from legal and moral foundations to empirical research on externalities, stakeholder opinions, and managers’ self-representations of their organization’s purpose. The availability of such data lowers the transaction costs associated with a nexus of relational contracts and enhances societal welfare. History: This paper has been accepted for the Strategy Science Special Issue on Corporate Purpose.","PeriodicalId":45295,"journal":{"name":"Strategy Science","volume":" ","pages":""},"PeriodicalIF":3.9,"publicationDate":"2023-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44720257","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4