The Fallacy of Materialistic Management

Laszlo Zsolnai
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Laszlo Zsolnai: Corvinus University of Budapest

Chapter 1 in Post-Materialistic Business: Spiritual Value-Orientation in Renewing Management, 2015, pp 1-20 from Palgrave Macmillan

Abstract: Abstract The dominant model of today’s mainstream business is the materialistic management model, which uses money-driven, extrinsic motivation and measures success only in money terms. Profit is not appropriate as the sole measure of the success of economic activities, as it provides an incomplete and imperfect evaluation of economic activities. Money becomes problematic as the exclusive motivation for economic activities. It can crowd out the intrinsic motivation of economic actors and cultivates self-centered value orientation, which results in socially insensitive and ethically irresponsible behavior.

Keywords: Decision Maker; Intrinsic Motivation; Prospect Theory; Moral Disengagement; Language Module (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-52598-7_1

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DOI: 10.1057/9781137525987_1

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