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The Future of the Corporation

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  • Gerardo Patriotta

Abstract

The articles featured in this Point‐Counterpoint develop provocative and yet contrasting views on the role of corporations in contemporary society: the point by Colin Mayer advocates a view of the corporation as a purpose‐driven institution that can become a vehicle for economic and social prosperity. The counterpoint by Jerry Davis emphasizes the declining role of contemporary corporations, and argues for the need to develop both internal and external corporate democracy. Building on the dialogue between purpose and democracy, this article reflects on the future of the corporation within a society characterized by the pervasive presence of global risks. Four major challenges for corporate purpose and democracy are highlighted: changes in corporate business models, inequality and safety, institutional partnerships, and new forms of corporate social engagement.

Suggested Citation

  • Gerardo Patriotta, 2021. "The Future of the Corporation," Journal of Management Studies, Wiley Blackwell, vol. 58(3), pages 879-886, May.
    • Handle: RePEc:bla:jomstd:v:58:y:2021:i:3:p:879-886
    DOI: 10.1111/joms.12673
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    References listed on IDEAS

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    1. Gerardo Patriotta & Jean‐Pascal Gond & Friederike Schultz, 2011. "Maintaining Legitimacy: Controversies, Orders of Worth, and Public Justifications," Journal of Management Studies, Wiley Blackwell, vol. 48(8), pages 1804-1836, December.
    2. Thomas C. Lawton & Sinziana Dorobantu & Tazeeb S. Rajwani & Pei Sun, 2020. "The Implications of COVID‐19 for Nonmarket Strategy Research," Journal of Management Studies, Wiley Blackwell, vol. 57(8), pages 1732-1736, December.
    3. Gerard George & Karim R. Lakhani & Phanish Puranam, 2020. "What has changed? The Impact of Covid Pandemic on the Technology and Innovation Management Research Agenda," Journal of Management Studies, Wiley Blackwell, vol. 57(8), pages 1754-1758, December.
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    Cited by:

    1. Diego Arias & Xabier Barriola & Cristian R. Loza Adaui, 2024. "Corporate purpose and early disaster response: Providing evidence of dynamic materiality?," Business Strategy and the Environment, Wiley Blackwell, vol. 33(5), pages 4598-4612, July.
    2. Gregor Bouville & Jocelyne Barreau, 2021. "Les Utopies Du Travail Et Le Management : Du 19e Au 21e Siecles," Post-Print halshs-03403834, HAL.

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