---
product_id: 255606102
title: "Grow the Pie: How Great Companies Deliver Both Purpose and Profit"
brand: "alex edmans"
price: "19933 Ft"
currency: HUF
in_stock: true
reviews_count: 5
url: https://www.desertcart.hu/products/255606102-grow-the-pie-how-great-companies-deliver-both-purpose-profit
store_origin: HU
region: Hungary
---

# Grow the Pie: How Great Companies Deliver Both Purpose and Profit

**Brand:** alex edmans
**Price:** 19933 Ft
**Availability:** ✅ In Stock

## Quick Answers

- **What is this?** Grow the Pie: How Great Companies Deliver Both Purpose and Profit by alex edmans
- **How much does it cost?** 19933 Ft with free shipping
- **Is it available?** Yes, in stock and ready to ship
- **Where can I buy it?** [www.desertcart.hu](https://www.desertcart.hu/products/255606102-grow-the-pie-how-great-companies-deliver-both-purpose-profit)

## Best For

- alex edmans enthusiasts

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## Description

Grow the Pie: How Great Companies Deliver Both Purpose and Profit

## Images

![Grow the Pie: How Great Companies Deliver Both Purpose and Profit - Image 1](https://m.media-amazon.com/images/I/81X0NxTrMhL.jpg)

## Customer Reviews

### ⭐⭐⭐⭐⭐ 







  
  
    Really enjoyable read!
  

*by J***L on Reviewed in the United Kingdom on 9 April 2020*

I thoroughly enjoyed reading this book. Edmans presents the idea of a purpose-driven company in a way that makes sense, using an approach that is rigorous and deep-rooted in evidence, while offering fascinating examples that illustrate his principles perfectly. Additionally, Edmans acknowledges the challenges that we face in society today and discusses these pragmatically. Edmans' storytelling is compelling and the tone of the book is positive throughout. I believe that this book is accessible to any reader, regardless of prior knowledge, and I would highly recommend it to anyone.

### ⭐⭐⭐⭐⭐ 







  
  
    A superb book that demands to be read by everyone who cares about capitalism
  

*by S***E on Reviewed in the United Kingdom on 3 May 2020*

Once in a while, a business book comes along that captures the mood of the times that you just know will shape debate. “Grow the Pie – How Great Companies Deliver Both Purpose And Profit”, the superb new book by Alex Edmans, is such a phenomenon.Alex Edmans, a Professor of Finance at London Business School who has spoken at Davos and given the obligatory TED talk, is a serious man.  And this is a serious book that demands to be read and debated by all who recognise that the form  of capitalism practised for the last 40 or 50 years is in serious need of revision.These days few people seriously argue against this: the problem is coming up with reforms that work and can be supported by wider society. Alex has weighed in with a serious contender for this mantle; he assiduously lays out what businesses can and should be doing, and is not afraid to ruffle feathers along the way if this is where the evidence points.Notwithstanding the title of “Growing the Pie” (as Alex himself says, you will either love it or hate it), Alex has written a learned, but ever-readable book, that goes to great lengths to look objectively at the evidence - and evidence is really important to Alex. The good news is that he concludes that businesses can be true to their purpose, benefit society and generate strong, sustainable profits at the same time.If this win-win thinking seems too good to be true, Alex demonstrates that it's not if we rigorously examine the evidence which sometimes means letting go of some shibboleths beloved by people advocating for the reform of capitalism - more about this in a moment. Alex advocates that boards need to adopt a decision-making framework that supports what he calls “growing the pie”, of growing an organisation’s social value. A “pie growing mentality” is fundamental: it means decision-making by organisations should focus on creating value in a way that means everyone - shareholders, employees, customers, suppliers, the environment, communities and taxpayers - can all have a larger slice of the pie; all can benefit to some extent.The pie represents social value, not profits, which are but one slice of the pie. Importantly, profits are a by product of increasing the pie, of increasing and organisation’s social value. This does not mean boards should support everything that creates value: there will need to be trade-offs and some of them may be painful to certain stakeholders. Decisions will in effect need to satisfy a “value for money” test, meaning there will be losers as well as winners. Businesses need to make their decisions using a framework that recognises their comparative strengths as well as recognising that not all stakeholders are created equal – some stakeholders will be more material to the business than others. The material stakeholders will be those for whom the organisation exists - the “who we exist for” question being one of the two dimensions of “purpose” (the other being “why” an enterprise exists).“Pie growing” can be contrasted with what Alex refers to as “pie splitting”, this being where parties compete to increase their slice of the pie – to make their slice bigger than someone else's. This is perfectly rational behaviour if the pie is fixed in size and does not grow, but Alex's book proves that the pie – the social value of a business - is not fixed in size and can be grown significantly if the right decisions are made. And as noted above, increasing the size of the pie benefits everybody - benefiting all stakeholders in absolute terms even if some end up with a smaller percentage of the pie. This is not as obvious as it might seem. Alex points out that high profits generated by business need not necessarily have been made out at the expense of some stakeholders (e.g. customers, employees and the environment), and that it's important to look at how the how at the high profits arose.If investigation showed that the high profits were generated over the long-term, this would indicate the business in question “grew the pie”, perhaps by making products that benefitted customers, and/or that provided employees with an enriching place to work and/or that renewed the environment for future generations. The point, as Alex points out, is that if society is conditioned to have a pie splitting mentality - which will be the case if it always views profits as having been made at the expense of stakeholders - you have a situation where success is a liability if profits become large enough to be deemed excessive. But as Alex rightly says in his book, delivering high profits need not be shameful – it's failing to deliver profits and social value that is.The need for commercial businesses to make profits is runs throughout this book, and this more than anything perhaps distinguishes it from academic works of some of Alex's contemporaries. Alex never loses sight of the need for profits, and that without sustainable profits businesses will simply cease to exist, and will cease to contribute anything to society. In fact, it's fair to say that Alex feels many investors get a raw deal from many people advocating for purposeful businesses.Profits are a critical function of an organisation’s purpose, and Alex is not afraid to say this. In fact Alex is not afraid to say anything if evidence supports or disproves something, however uncomfortable this may be. For example, many people will be shocked, not to say disappointed, to discover that Alex's research supports in some circumstances high executive pay, shareholder activism and share buybacks. That's not to say that Alex unequivocally supports these activities – in each case it depends on the circumstances and how organisations approaches these. But the point is that they are not they are not intrinsically “bad”.If there's one criticism of Alex's book, it is perhaps the absence of an ethical and moral dimension to the way businesses operate. Even if, as Alex rightly says, the staggering sums paid to CEOs are statistically insignificant when measured against enhanced profits that CEOs generate through their expertise, society still needs to view these as “fair” when considered against the hardships many people will be facing. Alex says that fairness should be viewed in relation to performance, and that if a business outperforms the market because of the decisions of it CEO, then people should view this as fair, but I’m not so sure.All in all, Alex's new book makes a hugely valuable contribution to the critical ongoing debate on the purpose of businesses, and how businesses can contribute to the betterment of society. The book demands to be read by everyone who cares about the future of business; if people want to argue against Alex's findings, and some will, let them - but let them also produce the evidence to support their arguments.

### ⭐⭐⭐⭐⭐ 







  
  
    A "must read"for those who believe capitalism is part of the solution
  

*by J***  on Reviewed in the United Kingdom on 17 April 2020*

Alex Edmans new book, Grow the Pie, is extremely timely although he would have been unaware, at the time of writing, of the impending crisis. It will be vital over the next few years that the business community steps forward and accepts its responsibilities towards people, the planet as well as making a profit. One senses, going forward, that business as usual will be unacceptable and those businesses and individuals who do not accept their responsibilities towards people and the planet will be caught out.Many business people will be concerned that this social purpose will have to come to the detriment of profit - that the "pie" will need to be split. Fortunately, Mr Edmans has provided us with a positive solution. After vigorous research over many years, he has concluded that the concept of "growing the pie" (what he calls Pieconomics) results in superior stock returns over the medium term. For those who believe in the principles of responsible capitalism this is welcome news.His book, "Grow the Pie - How Great Companies Deliver Both Purpose and Profit" tells us how this can be achieved  and is interspersed with some great stories about the "good" and the "bad" guys. It is a great read and provides huge encouragement for those of us who believe that Responsible Capitalism can be part of the solution to the challenges ahead.

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*Product available on Desertcart Hungary*
*Store origin: HU*
*Last updated: 2026-01-31*