IDEAS home Printed from https://ideas.repec.org/a/spr/humman/v8y2023i2d10.1007_s41463-023-00152-w.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s41463-023-00152-w
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s41463-023-00152-w?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    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)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Manuel Guillén & Ignacio Ferrero & W. Hoffman, 2015. "The Neglected Ethical and Spiritual Motivations in the Workplace," Journal of Business Ethics, Springer, vol. 128(4), pages 803-816, June.
    2. Sandrine Frémeaux & Thibaut Bardon & Clara Letierce, 2020. "How To Be a ‘Wise’ Researcher: Learning from the Aristotelian Approach to Practical Wisdom," Post-Print hal-03232780, HAL.
    3. Siti Subaryani Binti Zainol & Suhaili binti Mohd Hussin & Maisarah Syazwani binti Othman, 2016. "Determinants of Employee Engagement in Hotel Industry in Malaysia. A Theoretical Mode," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 6(3), pages 1-9, July.
    4. Vianney Domingo & Domènec Melé, 2022. "Re-Thinking Management: Insights from Western Classical Humanism," Humanistic Management Journal, Springer, vol. 7(1), pages 1-21, April.
    5. Sandrine Frémeaux, 2020. "A Common Good Perspective on Diversity," Post-Print hal-03232779, HAL.
    6. Jay Joseph & Helen Borland & Marc Orlitzky & Adam Lindgreen, 2020. "Seeing Versus Doing: How Businesses Manage Tensions in Pursuit of Sustainability," Journal of Business Ethics, Springer, vol. 164(2), pages 349-370, June.
    7. Yuliya Shymko & Sandrine Frémeaux, 2022. "Escaping the Fantasy Land of Freedom in Organizations: The Contribution of Hannah Arendt," Journal of Business Ethics, Springer, vol. 176(2), pages 213-226, March.
    8. Camille Meyer & Marek Hudon, 2019. "Money and the Commons: An Investigation of Complementary Currencies and Their Ethical Implications," Journal of Business Ethics, Springer, vol. 160(1), pages 277-292, November.
    9. Valérie Guillard & Céline del Bucchia, 2012. ""How About Giving My Things Away Over The Internet? " When Internet Makes It Easier To Give Things Away," Post-Print hal-00909262, HAL.
    10. Ariane Berthoin Antal & Gervaise Debucquet & Sandrine Frémeaux, 2018. "Meaningful work and artistic interventions in organizations: Conceptual development and empirical exploration," Post-Print hal-03232781, HAL.
    11. Sandrine Frémeaux & Thibaut Bardon & Clara Letierce, 2021. "How To Be a ‘Wise’ Researcher: Learning from the Aristotelian Approach to Practical Wisdom," Journal of Business Ethics, Springer, vol. 171(4), pages 667-681, July.
    12. Yuliya Shymko & Sandrine Frémeaux, 2021. "Escaping the Fantasy Land of Freedom in Organizations: The Contribution of Hannah Arendt," Post-Print hal-03597131, HAL.
    13. 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.
    14. Christian Felber & Vanessa Campos & Joan R. Sanchis, 2019. "The Common Good Balance Sheet, an Adequate Tool to Capture Non-Financials?," Sustainability, MDPI, vol. 11(14), pages 1-23, July.
    15. Guglielmo Faldetta, 2022. "Forgiving the Unforgivable: The Possibility of the ‘Unconditional’ Forgiveness in the Workplace," Journal of Business Ethics, Springer, vol. 180(1), pages 91-103, September.
    16. Guillaume Mercier & Ghislain Deslandes, 2020. "Formal and Informal Benevolence in a Profit-Oriented Context," Journal of Business Ethics, Springer, vol. 165(1), pages 125-143, August.
    17. Andrew Gustafson & Celeste Harvey, 2023. "The Economy of Communion Movement as Humanistic Management," Humanistic Management Journal, Springer, vol. 8(2), pages 149-166, August.
    18. Sandrine Frémeaux & Grant Michelson & Christine Noël-Lemaitre, 2018. "Learning from Greek Philosophers: The Foundations and Structural Conditions of Ethical Training in Business Schools," Journal of Business Ethics, Springer, vol. 153(1), pages 231-243, November.
    19. Berthoin Antal, Ariane & Debucquet, Gervaise & Frémeaux, Sandrine, 2018. "Meaningful work and artistic interventions in organizations: Conceptual development and empirical exploration," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 85, pages 375-385.
    20. Christian Müller & María Guadalupe Martino, 2020. "Can ‘Civil Enterprises’ survive in the market? Some game theoretical considerations on the one-shot game," Business Research, Springer;German Academic Association for Business Research, vol. 13(2), pages 603-614, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:humman:v:8:y:2023:i:2:d:10.1007_s41463-023-00152-w. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.