Reimagining business and management as a force for good
McPhail, Ken and Kafouros, Mario and McKiernan, Peter and Cornelius, Nelarine (2024) Reimagining business and management as a force for good. British Journal of Management, 35 (3). pp. 1099-1112. ISSN 1045-3172 (https://doi.org/10.1111/1467-8551.12846)
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Abstract
The literature has called on business and management scholars to help understand the global challenges we face and to find solutions. The prevailing narratives that have implicitly informed our understanding of business and management knowledge and practice as good need to be reimagined. We question whether our existing theoretical lenses, along with fundamental underlying assumptions about what constitutes labour, value and its creation, and the nature of assets, liabilities and materiality, act as a barrier to advancing business and management practice as a force for good and explore whether we need to go beyond applying existing theory to new research questions. Both Agency Theory and Stakeholder Theory have proven ineffective in aligning social and economic interests, while our disciplinary and publishing customs constrain our imagination and impede conceptions of fundamentally new ways of practising business. We explore why we need to reimagine business and management; what we mean by reimagining business and management and what it means to be a force for good. We conclude that if the purpose of business needs to be reimagined, business schools will also need to change to be major catalysts in this process.
ORCID iDs
McPhail, Ken, Kafouros, Mario, McKiernan, Peter ORCID: https://orcid.org/0000-0002-0205-9124 and Cornelius, Nelarine;-
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Item type: Article ID code: 89728 Dates: DateEventJuly 2024Published23 June 2024Published Online3 June 2024Accepted30 May 2024SubmittedSubjects: Social Sciences > Commerce > Business Department: Strathclyde Business School > Hunter Centre for Entrepreneurship, Strategy and Innovation
Strathclyde Business SchoolDepositing user: Pure Administrator Date deposited: 25 Jun 2024 15:32 Last modified: 02 Oct 2024 13:29 URI: https://strathprints.strath.ac.uk/id/eprint/89728