The Future of the Corporation

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11 Citations (SciVal)

Abstract

The articles featured in this Point-Counterpoint develop provocative and yet contrasting views on the role of corporations in contemporary society: the point by Colin Mayer advocates a view of the corporation as a purpose-driven institution that can become a vehicle for economic and social prosperity. The counterpoint by Jerry Davis emphasizes the declining role of contemporary corporations, and argues for the need to develop both internal and external corporate democracy. Building on the dialogue between purpose and democracy, this article reflects on the future of the corporation within a society characterized by the pervasive presence of global risks. Four major challenges for corporate purpose and democracy are highlighted: changes in corporate business models, inequality and safety, institutional partnerships, and new forms of corporate social engagement.

Original languageEnglish
Pages (from-to)879-886
Number of pages8
JournalJournal of management studies
Volume58
Issue number3
Early online date23 Nov 2020
DOIs
Publication statusPublished - 1 May 2021

Bibliographical note

Publisher Copyright:
© 2020 Society for the Advancement of Management Studies and John Wiley & Sons, Ltd.

Keywords

  • corporation
  • democracy
  • modernity
  • purpose
  • risk

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management
  • Management of Technology and Innovation

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