Corporate Governance

Valero's "Enterprise Politics": A Model of Humanistic Management and Corporate Governance

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The purpose of this paper is to present and interpret the "Enterprise Politics Model (EPM)" developed by prof. Antonio Valero, University of Navarra, Spain. The main features of Valero's philosophy of the firm and senior management can be summarized in four points: the firm as a community of persons; the firm as an intermediate social institution serving the common good of society; the different nature of political and technical practice, which leads senior management to exercise practical reason -not only science or technique, and at the same time a kind of political art, or wisdom; and the role and responsibility of entrepreneurs and top management. Valero emphasizes the political nature of management and, from a practical perspective suggests a global analysis based on four big areas of governance: business activity, managing structure, institutional configuration, and professional community. He makes his model applicable by developing "political procedures". Valero's EPM is a practically oriented humanistic approach to management and corporate governance which can be a realistic alternative to conventional and often criticized approaches to management and corporate governance. In fact, it has already been succesfully applied in several companies. In a context of growing discontent toward capitalism and the role of business in society, the "EPM" -discussed in this paper- shows how business might be run and organized to be socially responsible, contributing to the common good and respecting individuals rights and flourishing.
Bibliographic citation: Calleja, Ricardo; Melé, Domènec, "Valero's "Enterprise Politics": A Model of Humanistic Management and Corporate Governance", Journal of Management Development, Vol. 36, No. 5, 2017, pp 644 - 659

Reference: 10.1108/JMD-12-2015-0187 (DOI)
Date: 06/2017
Author(s): Calleja, Ricardo; Melé, Domènec
Document type: Article in Journal (refereed)
Languages: English