What is a Business for?
London School of Business
Harvard Business Review, December 2002
Charles Handy is critical of overemphasis on share price as the metric for corporate success. He proposes that the purpose of a business "is not to make a profit, full stop." Rather, it is to produce profit so the people in the business can do what pleases them, their families, and others close to them and far away. Handy argues that companies should be managed as communities, for that is what they are: communities of employees organized to serve communities of customers. When this is done using moral values, the system retains internal and external integrity.
Number of Pages in PDF File: 9Accepted Paper Series
Date posted: September 28, 2006 ; Last revised: May 26, 2009
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