{"product_id":"leading-with-purpose-the-new-corporate-realities-9780804743853","title":"Leading with Purpose: The New Corporate Realities","description":"\u003cp\u003eThis book explores corporate purpose--a company's expressed overriding reason for existing--and its effect upon strategy, executive leadership, employees, and, ultimately, on competitive performance. Sharply challenging the conventional wisdom that corporations should be dedicated to shareholder wealth creation, the author presents a compelling argument that the path to competitive advantage and outstanding long-term financial performance lies instead in a customer-focused corporate purpose. \u003c\/p\u003e \u003cp\u003eThe book is in four parts. Part I shows how corporate purpose exerts a powerful effect on strategy, management, and the meaning employees derive from their work. A customer-focused purpose harmonizes these critical factors and enables leaders to push strategic thinking deeper into the organization and at the same time to grant employees a greater degree of autonomy. In contrast, a goal of maximizing shareholder wealth sows the seeds of conflict among the market-oriented purpose, product-focused strategies, and the individual values of employees. \u003c\/p\u003e \u003cp\u003ePart II critiques the logic of value-based management and the relationship of the firm to the equity markets. It explores the validity of extending traditional concepts of property rights to share ownership, concluding that the separation of stock ownership from the responsibility for, and managerial control over, corporate actions makes traditional property rights arguments inapplicable to the underlying assets of a corporation. \u003c\/p\u003e \u003cp\u003ePart III examines the functioning of corporate purpose in a global economy. When a firm operates globally, purpose needs to retain its motivational power across national boundaries, which a shareholder-focused purpose does not do. \u003c\/p\u003e \u003cp\u003ePart IV explores the implications of corporate purpose for leaders, arguing that infusing an organization with a worthy purpose is an essential responsibility of leadership. Purpose is the foundation for the shared values that define organizational character, raise moral aspirations, and enhance performance. Drawing upon a wide range of thought from the world of business as well as from historical studies, cultural anthropology, philosophy, theology, and psychology, \u003ci\u003eLeading with Purpose\u003c\/i\u003e is sure to be an essential text as businesses move into the twenty-first century. \u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Richard R. Ellsworth\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Stanford Business Books\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/30\/2002\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 424\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.57lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.34h x 6.32w x 1.14d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780804743853\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eHarvard Business Review\u003c\/i\u003e 11\/01\/2002 pg. 28\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 02\/01\/2003 pg. 1026\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003eRichard R. Ellsworth is Professor of Management at the Peter F. Drucker Graduate School of Management at Claremont Graduate University. He is the co-author (with Joseph L. Badarocco, Jr.) of \u003ci\u003eLeadership and the Quest for Integrity.\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Stanford Business Books","offers":[{"title":"Hardcover","offer_id":40141670023283,"sku":"9.78E+12","price":42.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_28be128a-8e84-418c-a27e-1e8413ef2eff.jpg?v=1654521159","url":"https:\/\/bookstorenmore.com\/products\/leading-with-purpose-the-new-corporate-realities-9780804743853","provider":"Bookstore N More","version":"1.0","type":"link"}