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Leading with Purpose: The New Corporate Realities

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Overview


“Vivid and encyclopaedic in his description of organizational purpose, Ellsworth helps leaders truly understand the tremendous impact that knowing who you are has on where you go and how you get there. In these globally turbulent times, any thoughtful leader will benefit greatly from this book.”—Jerry I. Porras, Lane Professor of Organizational Behavior and Change, Stanford Business School, and co-author of Built to Last: Successful Habits of Visionary Companies
“A truly unique effort. I know of no other book that takes for its centerpiece the concept of purpose and then refracts it so meaningfully through the prism of the modern corporation. Ellsworth argues forcibly for a strong point of view and moral imperative in the corporation, brilliantly presenting a book of immense importance.”—Warren Bennis, University of Southern California, Graduate School of Business Administration
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Editorial Reviews

From the Publisher

"Vivid and encyclopaedic in his description of organizational purpose, Ellsworth helps leaders truly understand the tremendous impact that knowing who you are has on where you go and how you get there. In these globally turbulent times, any thoughtful leader will benefit greatly from this book."—Jerry I. Porras, Lane Professor of Organizational Behavior and Change, Stanford Business School, and co-author of Built to Last: Successful Habits of Visionary Companies

"A truly unique effort. I know of no other book that takes for its centerpiece the concept of purpose and then refracts it so meaningfully through the prism of the modern corporation. Ellsworth argues forcibly for a strong point of view and moral imperative in the corporation, brilliantly presenting a book of immense importance."—Warren Bennis, University of Southern California, Graduate School of Business Administration

"The unique strength of Richard Ellsworth's book is that it presents the business enterprise in all its dimensions—as an economic institution; as a human organization; and as an embodiment of values—and carries all three dimensions in both clear theory and practical application."—Peter F. Drucker, The Peter F. Drucker Graduate School of Management

"Reexamining the view that the overriding purpose of a corporation is to increase shareholder wealth, this book challenges corporations to integrate product development, customer satisfaction, employee productivity, and shareholder satisfaction to both remain competitive in the world economy and contribute to the betterment of the community. Leading with Purpose exemplifies Ellsworth's ability to identify and analyze abstract philosophical conceptions in a way that is useful to practicing managers."—George C. Lodge, Harvard Business School

"Ellsworth links the literature of current management practice to the findings of economists and political scientists who study the global environment, making the argument that purpose is at the core of a company's global competitiveness and managers have a moral as well as a fiduciary responsibility in the corporation. The strong, clear voice that comes through in this work is one that should be heard more often in business schools. Leading with Purpose is a major contribution on an issue of immense importance and provides an effective counterweight to the rational and analytic frameworks that often drive our MBA programs and executive classrooms."—Christopher A. Bartlett, Harvard Business School

Booknews
This book considers the relationship between a corporation's stated aims and its strategy, leadership, workers, and competitive performance. Breaking with the orthodox view that corporations should seek first to maximize shareholder wealth, Ellsworth (management, Claremont Graduate University) argues for a focus on the customer. Particular attention is given to the meaning employees give their work, the logic of "value-based management," the impact of globalization, and the aims of leadership. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780804743853
  • Publisher: Stanford University Press
  • Publication date: 7/28/2002
  • Edition description: 1
  • Pages: 424
  • Product dimensions: 6.10 (w) x 9.10 (h) x 1.30 (d)

Meet the Author


Richard 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 Leadership and the Quest for Integrity.
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Table of Contents

Preface
Introduction: The New Realities of Corporate Purpose 1
Pt. I Influences on Meaning, Strategy, Managing, and Performance
1 Purpose and Performance: Leveraging the Essence of a Corporation 25
2 Corporations and Individuals: Creating Meaning and Competitiveness 57
3 Strategy: Defining Corporate Mission, Priorities, and Direction 93
4 Managing: Transforming Purpose into Action 114
Pt. II Capital Markets, Property Rights, and the Individual
5 Capital-Market Relationships: The Myths of Shareholder Wealth Maximization 145
6 Property Rights: The Shareholders' Rights and Responsibilities 182
7 Individualism: America's Competitive Advantage 226
Pt. III Competing Purposes in the Global Marketplace
8 Purpose and Global Competitiveness: The Realities 243
9 America's Rivals: Changing the Rules of Competition 264
Conclusion: The Lessons for Leadership
10 Infusing Purpose: A Moral and Strategic Responsibility of Leadership 327
Notes 361
Bibliography 379
Index 393
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