Abstract and Keywords
This article deals with the prospects for the third-generation corporation, including the important research questions relevant to this emerging domain. Incorporation had become a perfunctory act, life-span limits had been removed, corporations were free to acquire other companies, and they could expand to other states as they saw fit. Growing concerns over environmental pollution, social injustice, and, ultimately, global poverty and inequity would foreshadow the rise of the third-generation “sustainable” corporation. It then tries to show the significant differences between the out-going second- and emerging third-generation corporate forms. The third-generation corporation may turn out to be the best hope for a “sustainable” future—economically, socially, and environmentally. As clean technology and base of the pyramid strategies gather momentum in the world, the opportunities to advance management theory have never been greater.
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