New business balance
A recently published study attempts to combine the evidence from three different approaches to the economics of production in a single model
Balance. This is the goal that an increasing number of companies are trying to achieve by reconciling, as far as possible, two seemingly distant and irreconcilable objectives. Profit is the broader purpose for which companies exist, but how can businesses integrate
Business Economics, Civil Economics and the Social Doctrine of the Church.
This is the basis of Antonio D’Alessio, Leonardo Laterza and Martina Tafuro’s recently published work “Superare la tensione tra profitto e scopo: un Framework Integrato tra Economia Aziendale, Economia Civile e Dottrina Sociale della Chiesa” (Overcoming the tension between profit and purpose: an Integrated Framework between Business Economics, Civil Economy and the Social Doctrine of the Church).
The authors begin their research by stating that the current crises are the result of a distorted view of the role of the corporation, which has led to
to the maximisation of profit at the expense of the common good. D’Alessio, Laterza and Tafuro then recall how business economics has made profit a necessary but not sufficient condition, recalling the need to make a “reasonable” profit. On the other hand, the social doctrine of the Church considers profit as a primary economic function, but not as the ultimate goal, and thus values the common good as the primary goal of business activity. The research therefore seeks to understand the integration of business economics and the social doctrine of the Church with civil economics, which is seen as the most recent expression (in chronological order and as a development of thought) of economic action that promotes a cooperative approach based on relationships. The three authors also outline a business model that can balance profit and purpose, and enhance human well-being and environmental quality.
The contribution by D’Alessio Laterza and Tafuro, after an introduction that also analyses the different theoretical profiles in play, focuses more on the concept and practice of the common good. It then outlines how to move from theoretical studies to the examination of a series of corporate governance practices that put into practice what has been noted and increase the level of social responsibility of companies. As well as a clear change in the production culture.
Antonio D’Alessio, Leonardo Laterza, Martina Tafuro
Impresa Progetto. Electronic Journal of management, 2, 2024
A recently published study attempts to combine the evidence from three different approaches to the economics of production in a single model
Balance. This is the goal that an increasing number of companies are trying to achieve by reconciling, as far as possible, two seemingly distant and irreconcilable objectives. Profit is the broader purpose for which companies exist, but how can businesses integrate
Business Economics, Civil Economics and the Social Doctrine of the Church.
This is the basis of Antonio D’Alessio, Leonardo Laterza and Martina Tafuro’s recently published work “Superare la tensione tra profitto e scopo: un Framework Integrato tra Economia Aziendale, Economia Civile e Dottrina Sociale della Chiesa” (Overcoming the tension between profit and purpose: an Integrated Framework between Business Economics, Civil Economy and the Social Doctrine of the Church).
The authors begin their research by stating that the current crises are the result of a distorted view of the role of the corporation, which has led to
to the maximisation of profit at the expense of the common good. D’Alessio, Laterza and Tafuro then recall how business economics has made profit a necessary but not sufficient condition, recalling the need to make a “reasonable” profit. On the other hand, the social doctrine of the Church considers profit as a primary economic function, but not as the ultimate goal, and thus values the common good as the primary goal of business activity. The research therefore seeks to understand the integration of business economics and the social doctrine of the Church with civil economics, which is seen as the most recent expression (in chronological order and as a development of thought) of economic action that promotes a cooperative approach based on relationships. The three authors also outline a business model that can balance profit and purpose, and enhance human well-being and environmental quality.
The contribution by D’Alessio Laterza and Tafuro, after an introduction that also analyses the different theoretical profiles in play, focuses more on the concept and practice of the common good. It then outlines how to move from theoretical studies to the examination of a series of corporate governance practices that put into practice what has been noted and increase the level of social responsibility of companies. As well as a clear change in the production culture.
Antonio D’Alessio, Leonardo Laterza, Martina Tafuro
Impresa Progetto. Electronic Journal of management, 2, 2024