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Happiness and Management

In: Economics of Happiness

Author

Listed:
  • Bruno S. Frey

    (University of Basel
    CREMA, Center for Research in Economics, Management and the Arts)

Abstract

Happy people have higher intrinsic motivation to work, which raises their productivity. Some firms exploit happiness to attract more customers. Such business policy exploits happiness in an instrumental way; this flies in the face of true happiness. In what kind of happiness can business organizations engage? A firm should offer all its stakeholders the possibility to achieve happiness. Firms should create a work atmosphere that supports employees’ autonomy and creativity and foster valuable social relationships. Individuals can then pursue their quest for happiness in the way best for themselves.

Suggested Citation

  • Bruno S. Frey, 2018. "Happiness and Management," SpringerBriefs in Economics, in: Economics of Happiness, chapter 0, pages 55-58, Springer.
    • Handle: RePEc:spr:spbchp:978-3-319-75807-7_11
    DOI: 10.1007/978-3-319-75807-7_11
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    Citations

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    Cited by:

    1. Nik Ahmad Sufian Burhan & Mohamad Fazli Sabri & Heiner Rindermann, 2023. "Cognitive ability and economic growth: how much happiness is optimal?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 70(1), pages 63-100, March.
    2. Eduardo Gismera & José Luis Fernández & Jesús Labrador & Laura Gismera, 2019. "Suffering at Work: A Challenge for Corporate Sustainability in the Spanish Context," Sustainability, MDPI, vol. 11(15), pages 1-18, August.

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