Wednesday, February 20, 2008

Societal effects of management philosophies

According to Matthew Battles' report in the Boston Globe, management philosophies have a more far-reaching effect than we perceive them to: research suggests that business can have an important -- and positive -- cultural impact as well. Companies that empower their employees to cut costs in the workplace not only improve their bottom lines, but also may foster civic engagement and contribute to peace in the societies where they operate, according to research published in the November 2007 issue of the Journal of Organizational Behavior.
The article also touches upon how the research has unraveled a concept that, maybe, strikes the middle-ground between Milton Friendman's view of businesses and John Mackey's view of businesses.

Interesting, huh?

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