Milton Friedman notwithstanding, maximizing profit (and thus shareholder value) is no longer considered the one and only purpose of a corporation or business. The truly successful business is driven by a greater purpose that benefits society and our world and inspires a firm’s leaders and employees by giving their work meaning. The inspiration and commitment […]
Author: Prat, Andrea
Small Vs Large Top Management Teams and the CEO’s Workload
‘Span of control’, a concept which refers to the number of people who report directly to a manager, has been part of the management lexicon for decades. New technology, which enables easier access to more comprehensive data, now allows researchers to study in greater detail the implications of span of control — specifically how the […]
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What Do CEOs Actually Do?
In this idea, faculty from the London School of Economics, the European University Institute, Columbia Business School and Harvard Business School set out to uncover the mystery of what CEOs do all day by collecting information on how they allocate their time between different work activities. By developing a diary recording time allocation over a […]