The Power of And, Bidhan L. Parmar
The Power of And, Bidhan L. Parmar
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The Power of And
Responsible Business Without Trade-Offs

Author: Bidhan L. Parmar, R. Edward Freeman, Kirsten E. Martin

Narrator: Barry Abrams

Unabridged: 4 hr 29 min

Format: Digital Audiobook Download

Publisher: Ascent Audio

Published: 06/16/2020


Synopsis

The idea that business is only about the money doesn't hold true in the twenty-first century, when companies around the world are giving up traditional distinctions in order to succeed. Yet our expectations for businesses remain under the sway of an outdated worldview that emphasizes profits for shareholders above all else.

The Power of And offers a new narrative about the nature of business, revealing the focus on responsibility and ethics that unites today's most influential ideas and companies. R. Edward Freeman, Kirsten E. Martin, and Bidhan L. Parmar detail an emerging business model built on five key concepts: prioritizing purpose as well as profits; creating value for stakeholders as well as shareholders; seeing business as embedded in society as well as markets; recognizing people's full humanity as well as their economic interests; and integrating business and ethics into a more holistic model. Drawing on examples across companies, industries, and countries, they show that these values support persevering in hard times and prospering over the long term. The Power of And presents a conceptual revolution about what it means for business to be responsible, providing a new story for us to tell in order to help all kinds of companies thrive.

Reviews

Goodreads review by Freddy on July 23, 2020

Good introduction to stakeholder theory linked to the new purpose culture in corporate settings. This is an ideal book for team leaders to understand what the “shift” of purpose and stakeholderism is all about.......more

Goodreads review by Madison on April 28, 2021

I feel like I am back in my MBA program The book had a lot of great ideas but was very basic. I would have liked to see more cause and effect than just theory.......more