Purpose. What Value Do We Add?

Piet Naudé
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Piet Naudé: Stellenbosch University, University of Stellenbosch Business School (USB)

Chapter 2 in Contemporary Management Education, 2022, pp 15-32 from Springer

Abstract: Abstract The “value” that business creates has been expressed in five influential “markers” in the values-debate represented by Milton Friedman (1970, shareholder value), Freeman, R Edward, (Strategic management. Pitman, A stakeholder approach. London, 1984, stakeholder value), Porter, Michael E and Kramer, Mark R, (Harvard Business Review 1–13, 2006, creating shared value); Donaldson, Thomas and Walsh, James P., (Research in organizational behavior 35:181–207, 2015, optimizing collective value); and, lastly, Freeman, R Edward; Martin, Kirsten E and Parmar, Bidhan L, (The power of and. Responsible business without trade-offs. Columbia University Press, New York, 2020, creating financial and social value). After an analysis of these views, the chapter closes with a values proposal and the implications for management education.

Date: 2022
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DOI: 10.1007/978-3-030-87775-0_2

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