Mergers and Acquisitions, M&A, Book review
Business | Business Administration, Management, and Operations
In Value Shift. Lynn Sharp Paine argues that modern corporations are now expected to meet moral, as well as financial, performance standards to be considered superior performing firms. Paine calls this a return to, or a shift in, values that now emphasize ethics, culture, environmental standards, product safety, and community investment—what students of management might call a broad stakeholder model of the firm. The author, who is professor of leadership and values at the Harvard Business School, reflects on the recent crises in corporate America that began in 2001 with the Enron scandal. These disgraceful misdeeds and the public reaction to them support Paine's view that if corporations want to be considered as superior performing institutions, the public expects them to behave in morally as well as financially responsible ways.
Sanchez, C. (2003). Value Shift: Why companies must merge social and financial imperatives to achieve superior performance. Academy of Management Executive, 17(2), 142. https://doi.org/10.5465/ame.2003.10025213
Sanchez, Carol M., "Value Shift: Why companies must merge social and financial imperatives to achieve superior performance" (2003). Peer Reviewed Articles. 25.