Prior research on organizational trust has not rigorously examined the context specificity of trust, nor distinguished between the potentially varying dimensions along which different stakeholder groups (e.g., employees, customers, investors, etc.) base their trust. As a result, dominant...

Utilitarianism arguably provides the philosophical justification for suboptimal management theory. We provide a historical perspective on the development of management theory from its utilitarian basis, and highlight the missing conceptual link between management theory and human dignity. We...

The financial crisis of 2007/08 has caused many to question the basic premises of the current business system (Kaletsky, 2010). Porter and Kramer (2011) suggest that the purpose of the corporation needs to be redefined. They posit that the corporation, rather than merely pursuing financial value...

Mindlessness at work has become a global touchstone of mockery and entertainers have enchanted audiences worldwide with comedies featuring mindless managers (including The Office or Office Space). Steve Currall, playing the role of Michael Scott as Regional Manager of a Dunder-Mifflin branch in...

Social Entrepreneurship as a concept, while new to some, has become a buzzword in recent years; so much so that its usage far outpaces its understanding. That state of affairs is troubling because it risks undermining the promise of social entrepreneurship (Pirson & Bloom, 2012), while at the...

Social Entrepreneurship is a hot topic. Many students are passionate about making a positive difference in the world and wish to channel their passion and intellect into meaningful action. An increasing amount of universities offer opportunities for students to explore social entrepreneurship in...

Using an information processing perspective we identify two reasons why boards failed to manage risk well 1) board members did not get relevant information about risks incurred by management because they lacked control over information supply; 2) board members were not able to process such...

In this paper we review the challenges to the current economic system, and proceed by presenting two competing paradigms- the economistic and the humanistic paradigm of business. We then develop the consequences of the humanistic view for the theory of the firm and the practice of the firm. We...

The financial crisis of 2007/08 has caused many to question the basic premises of the current business system. ‘Business as usual' has come under heavy scrutiny. Achieving environmental and social sustainability stand out as some of the major challenges that current business leaders have to...

This case highlights ABN AMRO Banco Real, a Brazilian bank, whose top management embarked on a humanistic transformation process when faced with a post-merger situation. As the CEO of a very typical bank, Fabio Barbosa examined the possibilities of creating a culture of shared values to better...