The Profit-with-purpose Corporation Confronted to Grand Societal challenges: Insights From the Study of a Formulation Process

Jérémy Lévêque (), Kevin Levillain () and Blanche Segrestin ()
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Jérémy Lévêque: CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique
Kevin Levillain: CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique
Blanche Segrestin: CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique

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Abstract: The commitment of corporations to the contemporary Grand Challenges is a growing collective demand and yet suffers from a large deficit of credibility. In this context, new governance schemes built around the expression of a freely formulated mission are emerging behind the name of profit-with-purpose corporations. In this paper, we rely on a single case study of a company that has recently formulated such statutory mission in order to build on the conditions for a credible and robust commitment in the context of Grand Challenges. In terms of results, we highlight the interest in building the commitment around the efforts to be made, rather than current or past contributions.

Keywords: profit-with-purpose corporations; mission; grand Challenges (search for similar items in EconPapers)
Date: 2023-06-14
Note: View the original document on HAL open archive server: https://hal.science/hal-04130125v1
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Published in Transforming Business for Good, EURAM, Jun 2023, Dublin, Ireland

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