Value Shift: Why Companies Must Merge Social and Financial Imperatives to Achieve Superior Performance

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9780071382397: Value Shift: Why Companies Must Merge Social and Financial Imperatives to Achieve Superior Performance

Pick up a copy of the day's business section. Chances are you'll read about a corporation in jeopardy due to reckless standards or practices - or one that's getting wise and taking a closer look at its impact upon the world. From Ford and Bridgestone to Sotheby's and Christie's; from Microsoft to McDonnell Douglas, managers and directors are coming to understand that for the long-term health of their companies, it's not enough to make a good profit. They have to make that profit responsibly. In Value Shift, renowned Harvard Business School professor Lynn Sharp Paine translates real-world experience as a corporate consultant into a powerful case for this new standard of performance, never losing sight of the fact that healthy companies must remain profit-driven. By building a corporate conscience, Paine argues, managers can anticipate certain "gray area" dilemmas - and by helping to avoid the wrong responses to those dilemmas, take an active role in strengthening their company or divisions. As practical as it is even-handed, Value Shift will take its place next to Built to Last and In Search of Excellence on the bookshelves of managers around the globe. In taking a hard-headed look at the ways in which values do - and do not - enhance financial performance, this book differentiates itself from two dominant streams of writing in business ethics. The first is oriented toward proving the financial merits of ethics. The second assumes that the financial question is irrelevant. By synthesizing both sets of concerns - economic and ethical - Value Shift presents an approach to management that is not only more realistic, but also more useful.

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From the Publisher:

How bosses create poor performers--and how to reverse the cycle.

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During the past two decades, leading companies around the world have launched values initiatives, ethics programs, code of conduct projects, or legal compliance efforts. An estimated 80 percent to 90 percent of America's large and midsize corporations have adopted written ethics guidelines. Over half the Fortune 100 have appointed ethics or compliance officials. Why, then, have so many well-known companies Enron, Tyco, Xerox, and others recently come under scrutiny for questionable business practices?

Harvard Business School Professor Lynn Sharp Paine argues that the problem lies not in a sudden outbreak of corporate venality but in a mismatch between how many companies are managed and what's expected of them by society today. Instead of adding more new programs and initiatives, today's corporate leaders need to go back to basics and adopt a qualitatively different kind of management. In Value Shift they will find an approach that is suited to the corporation's contemporary role in society an approach aimed at melding high ethical standards with outstanding financial results.

Gone are the days when companies were thought of as purely amoral devices for managing pools of capital. The centuries-old doctrine of corporate amorality, still maintained by some theorists, has outlived its time. As corporations have become a pervasive presence in society, expectations for their behavior have also evolved. Today, it is not enough for leading companies to create wealth and produce needed goods and services. They are also expected to behave responsibly, adhere to basic moral principles, and manage their own values and commitments.

Value Shift articulates exactly why the superior performers of the future will be companies that can satisfy both the social and financial expectations of their constituencies. By explaining the larger forces driving the current focus on scandals and ethics, Value Shift points to a new era in the corporation's development and shows what managers can do to align their companies' performance with the higher standard expected today.

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Book Description McGraw-Hill Education - Europe, United States, 2002. Hardback. Book Condition: New. 237 x 160 mm. Language: English . Brand New Book ***** Print on Demand *****.Pick up a copy of the day s business section. Chances are you ll read about a corporation in jeopardy due to reckless standards or practices - or one that s getting wise and taking a closer look at its impact upon the world. From Ford and Bridgestone to Sotheby s and Christie s; from Microsoft to McDonnell Douglas, managers and directors are coming to understand that for the long-term health of their companies, it s not enough to make a good profit. They have to make that profit responsibly. In Value Shift, renowned Harvard Business School professor Lynn Sharp Paine translates real-world experience as a corporate consultant into a powerful case for this new standard of performance, never losing sight of the fact that healthy companies must remain profit-driven. By building a corporate conscience, Paine argues, managers can anticipate certain gray area dilemmas - and by helping to avoid the wrong responses to those dilemmas, take an active role in strengthening their company or divisions. As practical as it is even-handed, Value Shift will take its place next to Built to Last and In Search of Excellence on the bookshelves of managers around the globe. In taking a hard-headed look at the ways in which values do - and do not - enhance financial performance, this book differentiates itself from two dominant streams of writing in business ethics. The first is oriented toward proving the financial merits of ethics. The second assumes that the financial question is irrelevant. By synthesizing both sets of concerns - economic and ethical - Value Shift presents an approach to management that is not only more realistic, but also more useful. Bookseller Inventory # APC9780071382397

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Book Description McGraw-Hill Education - Europe, United States, 2002. Hardback. Book Condition: New. 237 x 160 mm. Language: English . Brand New Book ***** Print on Demand *****. Pick up a copy of the day s business section. Chances are you ll read about a corporation in jeopardy due to reckless standards or practices - or one that s getting wise and taking a closer look at its impact upon the world. From Ford and Bridgestone to Sotheby s and Christie s; from Microsoft to McDonnell Douglas, managers and directors are coming to understand that for the long-term health of their companies, it s not enough to make a good profit. They have to make that profit responsibly. In Value Shift, renowned Harvard Business School professor Lynn Sharp Paine translates real-world experience as a corporate consultant into a powerful case for this new standard of performance, never losing sight of the fact that healthy companies must remain profit-driven. By building a corporate conscience, Paine argues, managers can anticipate certain gray area dilemmas - and by helping to avoid the wrong responses to those dilemmas, take an active role in strengthening their company or divisions. As practical as it is even-handed, Value Shift will take its place next to Built to Last and In Search of Excellence on the bookshelves of managers around the globe. In taking a hard-headed look at the ways in which values do - and do not - enhance financial performance, this book differentiates itself from two dominant streams of writing in business ethics. The first is oriented toward proving the financial merits of ethics. The second assumes that the financial question is irrelevant. By synthesizing both sets of concerns - economic and ethical - Value Shift presents an approach to management that is not only more realistic, but also more useful. Bookseller Inventory # APC9780071382397

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Book Description McGraw-Hill. Hardcover. Book Condition: New. Hardcover. 288 pages. Lynn Paine has an optimistic analysis of the need for--and the value of--bringing ethical values into business decision-making. The meltdown of so many high-flyers reecntly suggests that lesson had been lost on too many companies during the boom years. The time has come to take account of what she writes. --Paul A. Volcker This book presents a way of broadening the role of the corporation in our society, an interesting and exciting role. Its a good read for young leaders in all walks of life. --John C. Whitehead, former Chairman, Goldman Sachs Value Shift provides a timely and compelling argument for why companies must incorporate values into their strategies--that no one in business can afford to ignore. --Daniel Vasella, Chairman CEO Novartis AG This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Hardcover. Bookseller Inventory # 9780071382397

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