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Grow the Pie
Book

Grow the Pie

How Great Companies Deliver Both Purpose and Profit

Alex Edmans
Cambridge UP, 2020

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Editorial Rating

8

Qualities

  • Analytical
  • Eye Opening
  • Inspiring

Recommendation

Economics professor Alex Edmans recasts the concepts of corporate social responsibility and shareholder value into what he terms “Pieconomics.” He posits that increasing the economic pie for everyone is better – and more profitable – than just reallocating its slices to some. He cites numerous instances of companies that are “pie growers,” creating value for society as well as their bottom lines. Executives and business students will find this a refreshing take on an increasingly important task for companies.

Take-Aways

  • Businesses must decide whether they want to split the existing economic pie or increase its size.
  • “Pieconomics” asks leaders whether they are reallocating pieces of the existing pie or creating new value.
  • Kodak refused to expand the pie. 

About the Author

Alex Edmans is a finance professor at the London Business School and the academic director of the Centre for Corporate Governance.

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