By Salaman, Graeme; Storey, John
This paintings bargains a completely researched and available account of the toilet Lewis Partnership. It describes what the JLP is, the way it works, and what different companies can research from it
summary: This paintings bargains a completely researched and obtainable account of the toilet Lewis Partnership. It describes what the JLP is, the way it works, and what different companies can examine from it
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Additional info for A better way of doing business? : lessons from the John Lewis Partnership
Might organizations like the John Lewis Partnership which claims and pursues contrary values and which has demonstrated sustained commercial success even in the face of ﬁerce competition, offer a demonstration of the alternative pathway as outlined by Colin Mayer and others? A close examination of the case should, at the very least, surface the nature of the challenges faced by such organizations and how they are managed. The short-termist, ‘ﬂash boys’, characteristics of the recent period have not always characterized UK capitalism.
Leadership: the God that Failed In the face of the recent ﬁnancial crisis, and the collapse or near-collapse of a number of major ﬁrms, much opprobrium has been poured on the leaders of these failed businesses. We have seen the catastrophic consequences of these leaders as they destroy businesses through greed, criminality, and recklessness, and many of yesterday’s heroes and their achievements are now seen as hollow and illusory, and their once lauded qualities—limitless conﬁdence, singlemindedness, results focused attitude—are reassessed as arrogance, inﬂexibility, self-centredness, incompetence, greed, and indeed dishonesty.
How is leadership exercised in the Partnership? There are other fundamental issues. How should success and performance be measured? What are the objectives and ultimate purpose of the Partnership? The ﬁrst paragraph of the Constitution is admirably clear: The Partnership’s ultimate purpose is the happiness of all its members, through their worthwhile and satisfying employment in a successful business. Because the partnership is owned in trust for its members, they share the responsibilities of ownership as well as its rewards—proﬁt, knowledge and power.