|
The increase in economic inequality—within and between organizations and countries—reduces overall well-being, societal trust, safety, and mental health. The emphasis on shareholder wealth maximization is an important contributor to economic inequality, because it works to maximize the economic resources distributed to shareholders and executives, and minimize the resources distributed to other stakeholders (e.g., employees, governments, community, suppliers).
In addition to shareholder wealth maximization, this paper highlights "the bidirectional relationship between societal economic inequality and organizations, and eight mechanisms that drive this relationship." Bapuji, H., Ertug, G., & Shaw, J. D. (2019). Organizations and Societal Economic Inequality: A Review and Way Forward. Academy of Management Annals.
4 Comments
3/1/2022 01:23:41 am
It got me when you said that inequality can affect safety and mental health. This is helpful because my husband and I want to help our community. We are hoping to find a social inequality organization tomorrow morning that can advise us on how to donate and promote a just society.
Reply
Dennis Joiner’s The Turn is a powerful, eye-opening look at how American life has changed and sometimes unraveled over the past 75 years. He doesn’t shy away from the hard stuff: wars, protests, culture wars, pandemics, and the deep sense of discontent many people feel. What makes this book stand out is how it connects the dots between personal struggles and big historical moments. Honest, bold, and timely.
Reply
Leave a Reply. |
Bruno DyckBruno is an organizational theorist at the University of Manitoba. He loves being a management professor, scholar and teacher. Archives
April 2020
Categories |
RSS Feed