What Will it Take for Business to Improve Lives?

David Korten
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David Korten: Living Economics Forum

Humanistic Management Journal, 2019, vol. 4, issue 1, No 8, 110 pages

Abstract: Abstract The proper purpose of any human institution is to improve the lives of the people who depend on it. If we support that proposition, then is there any place for a private-purpose corporation? The question becomes especially urgent as society and the human species face growing threats.This paper posits that the private-purpose corporation, and the neoliberal ideology that affirms it, are major drivers of the social and environmental destruction we daily witness. If that is the case, then what might be essential features of business institutions that would better serve humanity? What might be the role of a Theory of Community. And what might that mean for business education? This paper provides a broad framework for exploring those questions from a humanistic management perspective. It addresses the foundational issue of human purpose, describes the growing momentum for moving societies toward an ecological civilization, and notes the Earth Charter as a valuable source of ethical principles. Finally, it identifies the outcomes the formal institutions of an ecological civilization must serve and concludes with five design principles that these institutions will need to honor to support lives of diversity, beauty, creativity, and meaning for all.

Keywords: Competition; Cooperation; Corporations; Earth charter; Earth community; Ecological civilization; Economic growth; Empire; Free market; Holarchy; Human nature; Humanism; Institutions; Living earth; Markets; Memes; Meta-narrative; Money; Natural systems; Nature; Neoliberalism; Theory of the community; Theory of the firm (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (3)

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DOI: 10.1007/s41463-019-00059-5

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