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The Common Good of the Firm and Humanistic Management: Conscious Capitalism and Economy of Communion

Author

Listed:
  • Grant Michelson

    (Macquarie University - Macquarie University)

  • Sandrine Frémeaux

    (Audencia Business School)

Abstract

Businesses have long been admonished for being unduly focused on the pursuit of profit. However, there are some organizations whose purpose is not exclusively economic to the extent that they seek to constitute common good. Building on Christian ethics as a starting point, our article shows how the pursuit of the common good of the firm can serve as a guide for humanistic management. It provides two principles that humanistic management can attempt to implement: first, that community good is a condition for the realization of personal good, and second, that community good can only be promoted if it is oriented towards personal good. To better understand which community good can favor personal good and how it can be achieved, we examine two recent humanistic movements—Conscious Capitalism and Economy of Communion—that strive to participate in the common good. From the analysis of these two movements, we identify a shared managerial willingness to adopt the two principles. Moreover, we also reveal that Conscious Capitalism and Economy of Communion present different ways of linking community good and personal good, and therefore, different means exist for firms to participate in the common good.

Suggested Citation

  • 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.
    • Handle: RePEc:hal:journl:hal-01625348
    DOI: 10.1007/s10551-016-3118-6
    Note: View the original document on HAL open archive server: https://audencia.hal.science/hal-01625348
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    Cited by:

    1. Anne Matheson & Pamala J. Dillon & Manuel Guillén & Clark Warner, 2021. "People Mattering at Work: A Humanistic Management Perspective," Humanistic Management Journal, Springer, vol. 6(3), pages 405-428, December.
    2. 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.
    3. 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.
    4. Wendy Stubbs & Frederik Dahlmann & Rob Raven, 2022. "The Purpose Ecosystem and the United Nations Sustainable Development Goals: Interactions Among Private Sector Actors and Stakeholders," Journal of Business Ethics, Springer, vol. 180(4), pages 1097-1112, November.
    5. 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.
    6. 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.
    7. 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.
    8. Yuliya Shymko & Sandrine Frémeaux, 2021. "Escaping the Fantasy Land of Freedom in Organizations: The Contribution of Hannah Arendt," Post-Print hal-03597131, HAL.
    9. 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.
    10. Laura Albareda & Alejo Jose G. Sison, 2020. "Commons Organizing: Embedding Common Good and Institutions for Collective Action. Insights from Ethics and Economics," Journal of Business Ethics, Springer, vol. 166(4), pages 727-743, November.
    11. Ricardo Zózimo & Miguel Pina e Cunha & Arménio Rego, 2023. "Becoming a Fraternal Organization: Insights from the Encyclical Fratelli Tutti," Journal of Business Ethics, Springer, vol. 183(2), pages 383-399, March.
    12. Dr. Betty Muthoni Njagi, 2022. "Community Service Learning as a New Discourse of Communion of Purpose for the Wellbeing of the Human Person," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(11), pages 205-210, November.
    13. Martin Schlag & Domènec Melé, 2020. "Building Institutions for the Common Good. The Practice and Purpose of Business in an Inclusive Economy," Humanistic Management Journal, Springer, vol. 5(1), pages 1-6, July.
    14. Vianney Domingo & Domènec Melé, 2022. "Re-Thinking Management: Insights from Western Classical Humanism," Humanistic Management Journal, Springer, vol. 7(1), pages 1-21, April.
    15. 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.
    16. 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.
    17. Gregorio Guitián & Alejo José G. Sison, 2023. "Offshore Outsourcing from a Catholic Social Teaching Perspective," Journal of Business Ethics, Springer, vol. 185(3), pages 595-609, July.

    More about this item

    Keywords

    Humanistic management; Economy of communion; Conscious capitalism; Personalist principle; Personal good; Christian ethics; Common good of the firm; Community good;
    All these keywords.

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