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From Profit to Purpose: The Distinctive Proposition of the Economy of Communion Approach

Author

Listed:
  • Andrew Gustafson

    (Creighton University)

  • Celeste Harvey

    (College of St. Mary)

Abstract

In this essay, we highlight 7 distinctives of EoC businesses which set them apart even from other humanistic approaches to management. Not that EoC’s distinctives make them a non-humanistic form of management, but they distinguish it with a unique set of goals and aims. These are: 1. Social and Economic Transformation Towards Unity; 2. The existential Self giving aspect—Creating a Culture of Encounter; 3. Redistributing Wealth for the Common Good; 4. Concern to Alleviate Poverty in All of Its Forms, and to Participate in Poverty; 5. EoC Entrepreneurs Participate in Poverty (The Wound and the Blessing); 6. Fraternity and the Market as a Place of Community-Building (Communion); and 7. Competitors as friends—Acting as “Starters of Cooperation.”

Suggested Citation

  • Andrew Gustafson & Celeste Harvey, 2023. "From Profit to Purpose: The Distinctive Proposition of the Economy of Communion Approach," Humanistic Management Journal, Springer, vol. 8(2), pages 167-179, August.
    • Handle: RePEc:spr:humman:v:8:y:2023:i:2:d:10.1007_s41463-023-00152-w
    DOI: 10.1007/s41463-023-00152-w
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    References listed on IDEAS

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    1. Ma Asunción Esteso-Blasco & María Gil-Marqués & Juan Sapena, 2021. "Leadership in Economy of Communion Companies. Contribution to the Common Good through Innovation," Humanistic Management Journal, Springer, vol. 6(1), pages 77-101, April.
    2. Grant Michelson & Sandrine Frémeaux, 2017. "The Common Good of the Firm and Humanistic Management: Conscious Capitalism and Economy of Communion," Post-Print hal-01625348, HAL.
    3. Bruni, Luigino & Sugden, Robert, 2008. "Fraternity: Why The Market Need Not Be A Morally Free Zone," Economics and Philosophy, Cambridge University Press, vol. 24(1), pages 35-64, March.
    4. Sandrine Frémeaux & Grant Michelson, 2011. "‘No Strings Attached’: Welcoming the Existential Gift in Business," Journal of Business Ethics, Springer, vol. 99(1), pages 63-75, March.
    5. Sandrine Frémeaux & Grant Michelson, 2017. "The Common Good of the Firm and Humanistic Management: Conscious Capitalism and Economy of Communion," Journal of Business Ethics, Springer, vol. 145(4), pages 701-709, November.
    6. Sandrine Frémeaux & Grant Michelson, 2011. ""No Strings Attached": Welcoming the Existential Gift in Business," Post-Print hal-00797037, HAL.
    Full references (including those not matched with items on IDEAS)

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