A New Paradigm for Evaluating CEOs in the Age of Creativity

Posted: 18 Apr 2016 Last revised: 16 Jun 2017

See all articles by Hershey H. Friedman

Hershey H. Friedman

City University of New York - Department of Business Management

Miriam Gerstein

Brooklyn College

Date Written: April 12, 2016

Abstract

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

Friedman, Hershey H. and Gerstein, Miriam, A New Paradigm for Evaluating CEOs in the Age of Creativity (April 12, 2016). Available at SSRN: https://ssrn.com/abstract=2763957 or http://dx.doi.org/10.2139/ssrn.2763957

Hershey H. Friedman (Contact Author)

City University of New York - Department of Business Management ( email )

Miriam Gerstein

Brooklyn College ( email )

New York, NY
United States

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