Value Creation Principles
The Pragmatic Theory of the Firm Begins with Purpose and Ends with Sustainable Capitalism
in:
Economics
Summary:
The book presents a framework for understanding how companies create value by focusing on the purpose of the firm and the importance of knowledge-building to drive innovation and long-term growth. It advocates for sustainable capitalism by emphasizing the role of corporate governance and decision-making processes that align with the long-term interests of all stakeholders.
Key points:
1. Purpose-Driven Value Creation:
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