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The harmony of business

The harmony of business PurposeThis paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.Design/methodology/approachThis briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.FindingsWhilst Eastern philosophy, and in particular, Taoism, offers rich depths for academic study, it rarely figures in the world of business in the West. Yet the work of Fish and Wood (2017) suggests that much can be learned from Taoism and adopted into Western business practices in the pursuit of balance and harmony. Current Western practices revolve around strong key leadership teams that seek competitive advantage to the detriment of their corporate social responsibility. With the focus forever on winning to the disadvantage of the competition, there are increasing instances where a lose/lose eventuality has arisen where it could have been avoided. In recent cases, the lose/lose outcome has financially hurt companies, as well as instigating legal and criminal investigations. Yet there is reason to believe that the principles of Taoism could help mediate situations, allowing a win/win outcome to be achieved.Practical implicationsThe paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations.Originality/valueThe briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Strategic Direction Emerald Publishing

The harmony of business

Strategic Direction , Volume 33 (7): 3 – Jul 10, 2017
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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0258-0543
DOI
10.1108/SD-04-2017-0074
Publisher site
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Abstract

PurposeThis paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.Design/methodology/approachThis briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.FindingsWhilst Eastern philosophy, and in particular, Taoism, offers rich depths for academic study, it rarely figures in the world of business in the West. Yet the work of Fish and Wood (2017) suggests that much can be learned from Taoism and adopted into Western business practices in the pursuit of balance and harmony. Current Western practices revolve around strong key leadership teams that seek competitive advantage to the detriment of their corporate social responsibility. With the focus forever on winning to the disadvantage of the competition, there are increasing instances where a lose/lose eventuality has arisen where it could have been avoided. In recent cases, the lose/lose outcome has financially hurt companies, as well as instigating legal and criminal investigations. Yet there is reason to believe that the principles of Taoism could help mediate situations, allowing a win/win outcome to be achieved.Practical implicationsThe paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations.Originality/valueThe briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Journal

Strategic Direction – Emerald Publishing

Published: Jul 10, 2017

References

  • Promoting a strategic business focus to balance competitive advantage and corporate social responsibility – missing elements