Is There a Link Between Corporate Purpose and Performance?

Pablo Cardona and Carlos Rey ()
Additional contact information
Carlos Rey: Universitat Internacional de Catalunya (UIC)

Chapter 1 in Management by Missions, 2022, pp 3-19 from Springer

Abstract: Abstract After 50 years of debate on this crucial question, the evidence is increasingly strong in favor of “yes”: companies can achieve better results if they incorporate practices that foster people’s sense of purpose. This relationship seems to be valid for very different types of industries and various business strategies within the cost-differentiation spectrum. However, causality between purpose and performance is not as linear as some literature and consultants seem to indicate. In this chapter, we discuss this relationship under the perspective of unity (the degree of mutual trust and commitment to the company experienced by people who contribute to fulfilling its purpose). Based on this perspective, we provide a framework that distinguishes four types of cultures: bureaucratic, paternalistic, aggressive and competent.

Keywords: Purpose; Unity; Culture; Engagement; Management by missions (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-83780-8_1

Ordering information: This item can be ordered from
http://www.springer.com/9783030837808

DOI: 10.1007/978-3-030-83780-8_1

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().