Entrepreneurs with social goals face various challenges; insights into how these entrepreneurs experience and appreciate their work remain a black box though. Drawing on identity, conservation of resources, and person–organization fit theories, this study examines how entrepreneurs’ social value creation beliefs relate to their work-related well-being (job satisfaction, work engagement, and lack of work burnout), as well as how this process might be influenced by social concerns with respect to the common good. Using data from the German Public Value Atlas 2015 and 2019 and the Swiss Public Value Atlas 2017, a three-study design analyzes three samples of entrepreneurs in Germany and Switzerland. Study 1 reveals that entrepreneurs report higher job satisfaction when they believe their organization creates social value. Study 2 indicates that these beliefs relate negatively to work burnout; entrepreneurs’ perceptions of having meaningful work mediate this relationship. Study 3 affirms and extends these results by showing that a sense of work meaningfulness mediates the relationship between social value creation beliefs and work engagement and that this mediating role is more prominent among entrepreneurs with strong social concerns. This investigation thus identifies a critical pathway—the extent to which entrepreneurs experience their work activities as important and personally meaningful—that connects social value creation beliefs with enhanced work-related well-being, as well as how this process might vary with a personal orientation that embraces the common good.
Im Licht aktueller soziopolitischer Entwicklungen erlebt das allgemeine Interesse am Gemeinwohl ein Wiederwachen.
Wie nie zuvor steht die Identifizierung dessen, was als Gemeinwohl bezeichnet werden kann, im Zentrum der Debatte. Der GemeinwohlAtlas bietet einen Weg in den Dialog zwischen Organisationen, Politik und Gesellschaft. Die Daten zeigen: Auch kirchliche Institutionen sehen sich mit der Herausforderung konfrontiert, trotz tiefgehender Verwurzelung der dynamisch-fluiden Natur des Gemeinwohls in Form intellektueller
Teilhabe Rechnung zu tragen
To keep up with competition, changing market trends, and rapid
technological shifts, companies need to invest in transformational
growth – requiring a relentless focus on cost reduction to unlock the
required capital. Furthermore, corporate citizenship is experiencing its heyday as companies protect their “license to grow” under the spotlight of today’s unprecedented level of public awareness.
The new normal of Swiss private banking is relatively low NNM, persistently high earnings per FTE and falling revenue margins and profitability. Who will succeed in this new normal will depend on their ability to manage down personnel costs while attracting new business in an environment of stable AuM performance. Large banks appear to be winning the battle, gaining market share and enjoying
highest returns on equity (RoE). This will help drive consolidation in the market, which is already gathering pace due to market pressures and resolution of the US tax program.
Providing a potential stream of asset deal targets is a group of banks that are a considerable way from success – those that have managed to stabilize their decline or those in continuing decline. The signs point to a more dramatic fall in the number of market participants over the coming years and an even greater concentration of business at larger banks.
Deloitte and the University of St.Gallen embarked on a joint study to investigate how Swiss serial acquirers organise their acquisition and integration activities, how they address their most pressing challenges and what makes them successful. The study is based on senior management interviews conducted with 25 Swiss serial acquirers. The findings uncover challenges and recent learnings, as well as key practices and insights prevalent amongst successful serial acquirers.
The Swiss private banking industry has become more stable over the past 18 months. Industry net profit has doubled, and two-thirds of banks have improved key indicators such as RoE, gross profit and income ratio. While the future of the industry looks brighter than at any time in the past ten years, more action is needed across the board on NNM, gross income and cost control.
With 10% fewer Swiss private banks at the end of 2015 than at the start of the year, industry consolidation continues. More foreign banks exited the Swiss market while poorer performing banks decided to sell up or close their doors. Our prediction from last year that the industry would consolidate by 30% in the next few years is further validated.
