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"Should companies be run to earn a profit, or to serve a purpose? In this ground-breaking book, acclaimed finance professor and TED speaker Alex Edmans shows it's not an either-or choice. Drawing from the highest-quality evidence and real-life examples spanning industries and countries, Edmans demonstrates that businesses driven by purpose are consistently more successful in the long-term. But a purposeful company must navigate difficult trade-offs and take tough decisions. Edmans provides an actionable roadmap for company leaders to put purpose into practice, and overcome the hurdles that hold many back. He explains how investors can discern which companies are truly purposeful rather than greenwashing, and engage with them to unleash value for both shareholders and society. And he highlights the crucial role that citizens can play as employees, customers, and investors, in reshaping business to improve our world. This edition has been thoroughly updated to include the pandemic, the latest research, and new insights on how both companies and investors can make purpose a reality"--
Organization theory --- Corporate finance --- Social responsibility of business --- Corporations --- Wealth --- Income distribution
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"The consensus among politicians, citizens, and even executives themselves - on both sides of the political spectrum and throughout the world - is that business just isn't working for ordinary people. The 2007 financial crisis cost 9 million Americans their jobs and 10 million their homes.1 Even though the economy has recovered since then, the gains have largely gone to bosses and shareholders, while ordinary incomes have stagnated. In 2018, just 26 tycoons owned the same wealth as the 3.8 billion poorest citizens in the world.2 Corporations impact not only people's livelihoods, but also their lives. In a single year, 14 Chinese workers were allegedly driven to suicide by unbearably harsh working practices at the Foxconn City industrial park, where they made electronics for giant US corporations. "--
Corporations --- Income distribution --- Social responsibility of business --- Wealth
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