Articlegold2020

Global Challenges as Opportunity to Transform Business for Good

Chris Laszlo · David L. Cooperrider · Ron Fry

33 citations0/0 files storedSustainability

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Corporate Social Responsibility and Sustainability Leadership and Management in Organizations Sustainability and Innovation in Business

Abstract

Using insights from Peter Drucker’s Theory of the Business framework, the authors show that global challenges such as pandemics and climate change are contributing to a critical misalignment between businesses and their increasingly complex external environments, leading to a growing malaise in many organizations. Central to this misalignment are seven legacy assumptions which no longer serve businesses effectively. Seven new assumptions better reflect today’s external environment and point to how businesses can thrive (“Do Well”) by making a positive difference in society (“Do Good.”) The authors propose a set of change management methods and tools along with specific steps that leaders and organizations can take to transform their businesses into what they define as Positive Institutions.

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References

2011Flourish: a visionary new understanding of happiness and well-being 2015ESG and financial performance: aggregated evidence from more than 2000 empirical studies 2008Open hearts build lives: Positive emotions, induced through loving-kindness meditation, build consequential personal resources.1992A Causal Model of Organizational Performance and Change 2010Employee Engagement: The Key to Improving Performance 1999A Study of Spirituality in the Workplace 2014The Effects of Perceived Corporate Social Responsibility on Employee Attitudes 2011Success and Failure In Organizational Change: An Exploration of the Role of Values

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