Buch, Englisch, 400 Seiten, Format (B × H): 181 mm x 251 mm, Gewicht: 839 g
A Wedge Between Performance and Progress
Buch, Englisch, 400 Seiten, Format (B × H): 181 mm x 251 mm, Gewicht: 839 g
ISBN: 978-0-19-894421-8
Verlag: Oxford University Press
The modern market-based economy generates wealth, but it lags on well-being; it has mastered efficiency, but struggles with equity; it boasts size, but falls short on sustainability. In other words, our economy delivers performance but neglects progress (i.e., well-being, equity, and sustainability). Many rightly call for tighter regulation, higher (“true”) prices, and longer-term incentives. Others appeal to corporate purpose, shared value, and stakeholder-centricity.
Beyond regulation and the practice of business, we must attend as well to education and the theory of business. In particular, we must look at business theory's core assumptions, whose weaknesses are long known. In an applied field such as business, where theory tends to be normative, flawed assumptions could act as a “wedge” cleaving apart performance and progress.
In this volume, Subramanian Rangan brings together eminent social scientists and philosophers to explore core assumptions in each of the major fields of business-including economics, strategy, marketing, operations, decision science, leadership, governance, technology, and finance. This structured field-by-field reflection reveals and expands the bounds of our rationality. Core Assumptions in Business Theory proposes a revised profit function that integrates harm, outlines how economic actors may draw on moral philosophy to enact Pareto-equity (and not just Pareto-efficiency), suggests a two-stage rationality approach that can attend to well-being, and recasts marketing as consumer education and not merely demand promotion.
With an emphasis on education rather than regulation of economic power, this volume argues that moral reasoning and moral roles can fruitfully supplement prudential reasoning and functional responsibilities. Such an evolution will enable our economy to be both modern and moral.
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read on the Oxford Academic platform and offered as a free PDF download from OUP and selected open access locations.
Fachgebiete
- Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
- Geisteswissenschaften Philosophie Angewandte Ethik & Soziale Verantwortung Wirtschaftsethik, Unternehmensethik
- Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftssysteme, Wirtschaftsstrukturen
- Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Unternehmenskultur, Corporate Governance
- Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Unternehmensethik
- Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
Weitere Infos & Material
- List of Figures
- List of Contributors
- Introduction
- Part I. Economics
- 1: Subramanian Rangan: From Market-Pareto to Moral-Pareto: Seven Problematic Assumptions in Business Economics Theory
- 2: Jean Tirole: Assumptions in Economics
- 3: Robert H. Frank: A Half-Dozen Assumptions That Have Led Economists Astray
- 4: David Autor: Some Assumptions in Labor Economics
- 5: Joshua Cohen: Reflection on Tirole's Chapter
- 6: Philip Pettit: Reflections on Autor's and Frank's Chapters
- 7: Ellen Quigley: Reflections on Frank's, Kailas's, Rangan's, and Tirole's Chapters
- Part II. Strategy
- 8: Jay B. Barney: The Social Welfare Implications of Strategic Management Theory
- 9: Elizabeth Anderson: Reflections on Barney's Chapter
- 10: Michael Fuerstein: Humanitarian Monopolists: Reflections on Barney's Chapter
- Part III. Marketing
- 11: Philip Kotler: Fundamental Assumptions in Marketing
- 12: Hilke Plassmann: Three Assumptions Underlying Customer Value Management: An Interdisciplinary Perspective
- 13: Valerie Tiberius: Does Anyone Need a Rolex?: Reflections on Kotler's and Plassmann's Chapters
- 14: Michael Fuerstein: I ''Need'' a Rolex: Reflections on Kotler's and Plassmann's Chapters
- Part IV. Decision Science
- 15: James G. March: Theories of Choice and Value Endogeneity
- 16: Itzhak Gilboa: Some Questionable Assumptions in Economic Theory
- 17: David Schmidtz: Reflections on Gilboa's and March's Chapters
- Part V. Operations Research
- 18: Edward H. Kaplan: The Assumptions of Operations Research
- 19: Philip Kitcher: Reflections on Kaplan's Chapter - I
- 20: Mathias Risse: Reflections on Kaplan's Chapter - II
- Part VI. Organization Theory and Sociology
- 21: Julie Battilana: Fundamental Assumptions in Organization Theory
- 22: James P. Walsh: Organization and Management Theory: Our Assumptions and the Quest for a Better World
- 23: Kwame Anthony Appiah: Assumptions Rational and Not: Reflections on Battilana's and Walsh's Chapters
- 24: John W. Meyer: The Orientation of Economic Sociology: Assumptions and Limits
- 25: Gerald F. Davis: Assumptions Underlying Sociological Models in Business Schools
- 26: David Schmidtz: Social Science Assumptions: Reflections on Meyer's Chapter
- 27: Philip Kitcher: Methodological Individualism-Lessons (?) from Biology: Reflections on Davis's and Meyer's Chapters
- 28: Valerie Tiberius: Philosophical Concepts in Organization and Leadership
- Part VII. Leadership and Corporate Governance
- 29: Ramón Mendiola: Fundamental Assumptions about True Leaders
- 30: Ravi Kailas: A Discussion on Corporate Governance
- 31: Bertrand Collomb: Incorrect Assumptions That Have Guided Our Economic System
- 32: Kwame Anthony Appiah: Corporate Governance and Leadership: Reflections on Kailas's and Mendiola's Chapters
- 33: Philip Pettit: On Corporate Governance: Reflections on Kailas's Chapter
- Part VIII. Technology
- 34: S. D. Shibulal: Assumptions Regarding Technology
- 35: Jim Hagemann Snabe: A Compass for Technology
- 36: Elizabeth Anderson: Situating the Assumptions of Technology in Broader Normative Frameworks: Reflections on Shibulal's and Snabe's Chapters
- 37: Susan Neiman: Concerns about Technology: Reflections on Shibulal's and Snabe's Chapters
- Part IX. Finance
- 38: Raghuram Rajan: Taking Stock of Some Core Assumptions in Finance
- 39: Marti G. Subrahmanyam: The Finance Paradigm
- 40: Susan Neiman: Reflections on Rajan's and Subrahmanyam's Chapters - I
- 41: Mathias Risse: Reflections on Rajan's and Subrahmanyam's Chapters - II
- Afterword: Evolving the Theory, Actors, and Practice of Business
- Index
