Terms in this set (9)
traditional purpose of business
to make money
six factors of institutional logic
common purpose, long term view, emotional engagement, community building, innovation, self organization
balance financial returns with...
serves as certainty in a world of uncertainty
long term focus
justifies short term financial sacrifices for sustainable success
serving society without immediate returns gains credence
attention on social needs generates innovation and helps people express corporate values in everyday work; a purpose greater than money creates innovation
employees create networks and share information by their own initiatives; trust and relationships are put above formal orders
built on purpose and values; serves as buffer to change and uncertainty; focus on sustaining the conditions that allow a business to flourish over time in addition to financial concerns
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THIS SET IS OFTEN IN FOLDERS WITH...
Personality, values, motivation
Cognitive biases and heuristics