The Theory and Practice of Value Creation

This book proposes an approach to social exchange, market exchange, economic activity, sustainability, and social economic development that represents a complementary interface between the social sciences and social economics. As such, it serves as a complementary interface between market activity that is in the best interest of stakeholders and the type of social action that is best for enhancing market activity, the type of social exchange that is best for improving organizational performance, and a sustainability approach to social economic growth. The text explains the resurgence of Western Civilization's foundational principles of value creation and market exchange, and explores why it supersedes classical organization theory. It also discusses value creation theory and the factors that can be applied by researchers and practitioners to improve performance. The book will be of primary benefit to scholars of business management, organizational behavior, corporate social responsibility, organization theory, social entrepreneurship, and social economics.