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Global Challenges as Opportunity to Transform Business for Good

Author

Listed:
  • Chris Laszlo

    (Department of Organizational Behavior, Weatherhead School of Management, Case Western Reserve University, Cleveland, OH 44106, USA)

  • David Cooperrider

    (Department of Organizational Behavior, Weatherhead School of Management, Case Western Reserve University, Cleveland, OH 44106, USA)

  • Ron Fry

    (Department of Organizational Behavior, Weatherhead School of Management, Case Western Reserve University, Cleveland, OH 44106, USA)

Abstract

Using insights from Peter Drucker’s Theory of the Business framework, the authors show that global challenges such as pandemics and climate change are contributing to a critical misalignment between businesses and their increasingly complex external environments, leading to a growing malaise in many organizations. Central to this misalignment are seven legacy assumptions which no longer serve businesses effectively. Seven new assumptions better reflect today’s external environment and point to how businesses can thrive (“Do Well”) by making a positive difference in society (“Do Good.”) The authors propose a set of change management methods and tools along with specific steps that leaders and organizations can take to transform their businesses into what they define as Positive Institutions.

Suggested Citation

  • Chris Laszlo & David Cooperrider & Ron Fry, 2020. "Global Challenges as Opportunity to Transform Business for Good," Sustainability, MDPI, vol. 12(19), pages 1-17, September.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:19:p:8053-:d:421661
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    References listed on IDEAS

    as
    1. Gunnar Friede & Timo Busch & Alexander Bassen, 2015. "ESG and financial performance: aggregated evidence from more than 2000 empirical studies," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 5(4), pages 210-233, October.
    2. Dhaval M. Dave & Andrew I. Friedson & Drew McNichols & Joseph J. Sabia, 2020. "The Contagion Externality of a Superspreading Event: The Sturgis Motorcycle Rally and COVID-19," NBER Working Papers 27813, National Bureau of Economic Research, Inc.
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    2. Adam Sulich & Letycja Sołoducho-Pelc, 2021. "Renewable Energy Producers’ Strategies in the Visegrád Group Countries," Energies, MDPI, vol. 14(11), pages 1-21, May.
    3. Alvaro Lleo & Miquel Bastons & Carlos Rey & Fernando Ruiz-Perez, 2021. "Purpose Implementation: Conceptualization and Measurement," Sustainability, MDPI, vol. 13(4), pages 1-19, February.
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    6. Lambrechts, Frank & Gnan, Luca, 2022. "Human resources and mutual gains in family firms: New developments and possibilities on the horizon," Journal of Family Business Strategy, Elsevier, vol. 13(2).

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