An Interesting Review of Different Cases of Purpose-Driven Management
3 stars
This book takes a very corporate-focused view of rethinking corporate goals, advocating for enlightened CEOs and investors to drive change. Using a number of intriguing cases, Henderson demonstrates how this has been accomplished (albeit for short timeframes). There is some time spent on unions and government regulation, but it's surprisingly relegated to a very small portion of this book given how central regulation has been in banning things such as child labor, dangerous working conditions, etc. My favorite part of the book was on how accounting practice can aid these efforts by providing validated, non-financial but material metrics to investors.
Importantly, this book was written in 2020. Many of the conclusions now seem quaint given the current environment in the US and backpedaling by most of the firms mentioned here.
This book takes a very corporate-focused view of rethinking corporate goals, advocating for enlightened CEOs and investors to drive change. Using a number of intriguing cases, Henderson demonstrates how this has been accomplished (albeit for short timeframes). There is some time spent on unions and government regulation, but it's surprisingly relegated to a very small portion of this book given how central regulation has been in banning things such as child labor, dangerous working conditions, etc. My favorite part of the book was on how accounting practice can aid these efforts by providing validated, non-financial but material metrics to investors.
Importantly, this book was written in 2020. Many of the conclusions now seem quaint given the current environment in the US and backpedaling by most of the firms mentioned here.