Long Range Planning Special Issue: CORPORATE PURPOSE REVISITED: RE-IMAGINING THE ECONOMIC AND SOCIAL VALUE OF STRATEGY
CORPORATE PURPOSE REVISITED:
RE-IMAGINING THE ECONOMIC AND SOCIAL VALUE OF STRATEGY
Guest Editors:
Henk W. Volberda (University of Amsterdam), Mariano Heyden (Monash University), Pushpika Vishwanathan (University of Amsterdam), Jatinder Sidhu (University of Leeds), Dimitrios Georgakakis (University of York)
Corporations are being increasingly challenged to reflect on their purpose. Indeed, the relentless pursuit of profit as the raison d'etre for corporations has had detrimental implications for our planet, society, and even shareholders – calling corporations to identify with a purpose that enables sustainable development. Accordingly, an ever-louder chorus of industry leaders have been questioning the shareholder-centric approach to business conduct. Larry Fink, the CEO of BlackRock, for instance, recently called on firms to serve a broader societal purpose and shared value creation (Fink, 2018). Leading business consultants echo this view, suggesting that purpose could enable firms to create a deeper connection with employees, customers, and communities (e.g. Dimitracopoulos, 2020; Gast, Probst, & Simpson, 2020; O'Brien, Main, Kounkel, & Stephan, 2020). In parallel, scholarly attention to corporate purpose has resurged and editors have called for more research on purpose – its antecedents, consequences and boundary conditions (e.g. Hollensbe, Wookey, Hickey, George, & Nichols, 2014; Stoelhorst and Vishwanathan, in press).
This aforementioned evidence highlights a need for a nuanced logic and reinvigorated discourse around the purpose of the corporation. It is thus critical for the scholarly community to get engaged with corporate purpose through meaningful, rigorous, and impactful research that shapes our understanding of how firms and their key actors should act in a way to balance both organizational and societal welfare. Accordingly, this special issue seeks to challenge the scholarly community to get involved in the debate on corporate purpose through state-of-the-art perspectives, critiques, and robust evidence.
Building on the conceptual uniqueness of corporate purpose, this Special Issue Call for Papers seeks to advance a firm-level, managerial understanding of corporate purpose. More specifically, it will explore the antecedents and consequences of different implementations of corporate purpose in firms. We invite submissions across the whole theoretical, paradigmatic, and methodological traditions of Long Range Planning.
The deadline for submission to this special issue is December 18, 2023, with expected publication date in 2025. Submissions should be prepared in accordance with Long Range Planning's author guidelines available at: https://www.elsevier.com/journals/long-range-planning/0024-6301/guide-for-authors. Submissions are to be made online via Long Range Planning's EVISE submission system at https://www.evise.com/profile/#/LRP/login.
For more information, check out the LRP website: Long Range Planning
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Henk Volberda
Professor
University of Amsterdam
Amsterdam
31 205254369
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