A New Paradigm for Evaluating CEOs in the Age of Creativity
Posted: 18 Apr 2016 Last revised: 16 Jun 2017
Date Written: April 12, 2016
We are no longer an industrial economy characterized by assembly lines; we are now in a knowledge economy where creativity is what matters and the old ways of running a firm simply do not work. Using the value of the stock as a way of measuring CEO performance makes no sense and can actually destroy an organization. This paper discusses a new paradigm for rating CEOs that includes factors that provide long-term value such as employee engagement, diversity, building a learning organization, corporate social responsibility, and the reputation of the organization.
Keywords: leadership, employee engagement, creativity, diversity, learning organization, workplace bullying, servant leadership, ethical tone at the top, compassion, conscious capitalism
JEL Classification: A22, A23, D81, G18, G21, I20, L20, L21, M14, M19, M31, Q20, Q38
Suggested Citation: Suggested Citation