What is *Grow the Pie* by Alex Edmans about?

*Grow the Pie* challenges traditional profit-first business models by arguing companies can maximize long-term success by creating societal value alongside financial returns. Alex Edmans introduces "pieconomics," advocating for innovation, purpose-driven strategies, and avoiding "omission errors" (missed opportunities from excessive risk aversion). Backed by data and case studies like Merck’s drug development, the book redefines corporate success as expanding value for all stakeholders.

Who should read *Grow the Pie*?

Business leaders, investors, and policymakers seeking to align profit with social impact will find actionable insights. The book also appeals to professionals in corporate social responsibility (CSR) and sustainability, offering frameworks like materiality judgments and comparative advantage to guide ethical decision-making. Students of business ethics or strategic management gain evidence-backed perspectives on stakeholder capitalism.

Is *Grow the Pie* worth reading?

Yes—Edmans combines academic rigor with accessible storytelling, using real-world examples (e.g., Vodafone’s M-Pesa mobile banking initiative) to show how purpose-driven companies outperform peers. The book’s emphasis on data over ideology and practical tools for balancing profit/social value makes it a standout in business strategy literature.

What is the “pie-growing mindset”?

This mindset prioritizes creating shared value for society rather than merely redistributing existing profits. Companies like Merck exemplify it by investing in long-term innovations (e.g., HIV drug development), while “pie-splitters” like Turing Pharmaceuticals focus on short-term gains. Edmans argues pie-growing often maximizes profit indirectly by building trust and customer loyalty.

What are key principles in *Grow the Pie*?

- **Omission errors**: Avoiding value-creating projects due to fear of failure. - **Materiality judgments**: Focusing on ESG factors that directly impact business success. - **Comparative advantage**: Leveraging a company’s unique strengths to address societal needs.

How does *Grow the Pie* address executive pay?

Edmans advocates tying executive compensation to long-term value creation (e.g., environmental milestones) rather than short-term stock prices. This aligns leaders’ incentives with sustainable growth and deters harmful practices like cost-cutting at the expense of employee welfare.

What criticisms exist about *Grow the Pie*?

Some argue the pie-growing approach underestimates trade-offs in resource allocation or relies overly on idealistic corporate behavior. Edmans counters by emphasizing data showing responsible companies often achieve superior returns, though he acknowledges challenges in measuring societal impact.

How does *Grow the Pie* apply to investors?

Investors are urged to practice stewardship—engaging with companies to improve strategy rather than divesting. Edmans highlights the “multiplier effect”: responsible investments can amplify positive social outcomes while securing financial returns.

Grow the Pie Summary, PDF, EPUB, Audio

Grow the Pie

Alex Edmans

3.95 (258 Reviews)

Business Entrepreneurship Economics

Обзор

Ключевые Выводы

Автор

Часто Задаваемые Вопросы

In "Grow the Pie," finance professor Alex Edmans challenges conventional business thinking, proving companies can deliver both purpose and profit. Endorsed as "the most significant book on business purpose yet written," it's sparked debates from Wall Street to the BBC about what truly drives long-term value.

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"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."

@Chloe, Solo founder, LA

117

"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw

"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum

108

"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC

254

"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore

"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

@Pitiful

4.5K

"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."

@SofiaP

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@OojasSalunke

"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."

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483

"Makes me feel smarter every time before going to work"

@Cashflowbubu

"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."

@Moemenn

"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."

@Chloe, Solo founder, LA

117

"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw

"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum

108

"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC

254

"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore

"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

@Pitiful

4.5K

"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."

@SofiaP

"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"

@Jaded_Falcon

201

"It is great for me to learn something from the book without reading it."

@OojasSalunke

"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."

@Leo, Law Student, UPenn

483

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Grow the Pie

Alex Edmans

3.95 (258 Reviews)

Business Entrepreneurship Economics

Обзор

Ключевые Выводы

Автор

Часто Задаваемые Вопросы

Исследуйте Свой Способ Обучения

Краткое резюме9мин

Почувствуйте книгу через голос автора

Глубокое погружение42мин

Превратите знания в увлекательные, богатые примерами идеи

Карточки10 идей

Захватите ключевые идеи мгновенно для быстрого обучения

Развлекательно23мин

Наслаждайтесь книгой в весёлой и увлекательной форме

Лучшая цитата из «Grow the Pie»

That's not altruism, that's good business.

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Beyond the Zero-Sum Game: A New Vision for Business

00:00

Imagine a world where businesses don't have to choose between profits and social good. Where creating value for employees, customers, communities, and the environment actually leads to superior returns for investors. This isn't just wishful thinking - it's the evidence-based reality that finance professor Alex Edmans reveals in "Grow the Pie." The fundamental problem with how we view business today stems from a "pie-splitting" mentality - the assumption that the economic pie is fixed, so any gain for stakeholders must come at shareholders' expense. But what if the pie isn't fixed? What if companies could grow the total value created, allowing both shareholders and stakeholders to benefit? Consider Merck's development of Mectizan, a drug that cures river blindness. When CEO Roy Vagelos discovered it could help millions but wouldn't be profitable, he distributed it for free. Traditional thinking would consider this a shareholder loss. Yet by 2019, Merck's stock had outperformed peers by 54%, partly because this decision attracted talented scientists passionate about solving important problems, enhanced the company's reputation with regulators, and built trust with communities. This isn't charity - it's excellence in action.

The Evidence: Stakeholder Value Creates Financial Returns

Aligning Leadership: Executive Compensation and Engaged Investors

Capital Allocation: The Truth About Buybacks

Purpose-Driven Business: From Words to Action

Our Collective Role in Growing the Pie

A Capitalism That Works for Everyone

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Уроки из Grow the Pie в 23-минутных историях

00:00

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Познакомьтесь с Grow the Pie по-своему.

Создано выпускниками Колумбийского университета в Сан-Франциско

BeFreed объединяет глобальное сообщество из 1,000,000+ любознательных умов

Узнайте больше о том, как обсуждают BeFreed в интернете

"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."

@Moemenn

"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."

@Chloe, Solo founder, LA

117

"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw

"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum

108

"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC

254

"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore

"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

@Pitiful

4.5K

"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."

@SofiaP

"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"

@Jaded_Falcon

201

"It is great for me to learn something from the book without reading it."

@OojasSalunke

"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."

@Leo, Law Student, UPenn

483

"Makes me feel smarter every time before going to work"

@Cashflowbubu

Создано выпускниками Колумбийского университета в Сан-Франциско

BeFreed объединяет глобальное сообщество из 1,000,000+ любознательных умов

Узнайте больше о том, как обсуждают BeFreed в интернете

"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."

@Moemenn

"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."

@Chloe, Solo founder, LA

117

"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw

"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum

108

"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC

254

"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore

"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

@Pitiful

4.5K

"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."

@SofiaP

"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"

@Jaded_Falcon

201

"It is great for me to learn something from the book without reading it."

@OojasSalunke

"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."

@Leo, Law Student, UPenn

483

"Makes me feel smarter every time before going to work"

@Cashflowbubu

"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."

@Moemenn

"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."

@Chloe, Solo founder, LA

117

"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw

"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum

108

"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC

254

"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore

"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

@Pitiful

4.5K

"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."

@SofiaP

"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"

@Jaded_Falcon

201

"It is great for me to learn something from the book without reading it."

@OojasSalunke

"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."

@Leo, Law Student, UPenn

483

"Makes me feel smarter every time before going to work"

@Cashflowbubu

"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."

@Moemenn

"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."

@Chloe, Solo founder, LA

117

"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."

@Raaaaaachelw

"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum

108

"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC

254

"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore

"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

@Pitiful

4.5K

"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."

@SofiaP

"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"

@Jaded_Falcon

201

"It is great for me to learn something from the book without reading it."

@OojasSalunke

"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."

@Leo, Law Student, UPenn

483

"Makes me feel smarter every time before going to work"

@Cashflowbubu

1.5K Ratings4.7

Начните своё обучение прямо сейчас

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Grow the Pie by Alex Edmans Summary

Overview of Grow the Pie

Similar books to Grow the Pie

Лучшая цитата из «Grow the Pie»

Похожее

Ключевые выводы

Beyond the Zero-Sum Game: A New Vision for Business

The Evidence: Stakeholder Value Creates Financial Returns

Aligning Leadership: Executive Compensation and Engaged Investors

Capital Allocation: The Truth About Buybacks

Purpose-Driven Business: From Words to Action

Our Collective Role in Growing the Pie

A Capitalism That Works for Everyone

Режим Краткое резюме - Прочитайте или прослушайте краткое содержание Grow the Pie за 9 минут

Режим Карточки - Топ-10 идей из Grow the Pie кратко

Режим Развлекательно - Уроки из Grow the Pie в 23-минутных историях

Режим Персонализация - Прочитайте или прослушайте краткое содержание Grow the Pie за 0 минут

Скачать Grow the Pie PDF

Скачать Grow the Pie EPUB

Похожее

Ключевые выводы

Beyond the Zero-Sum Game: A New Vision for Business

The Evidence: Stakeholder Value Creates Financial Returns

Aligning Leadership: Executive Compensation and Engaged Investors

Capital Allocation: The Truth About Buybacks

Purpose-Driven Business: From Words to Action

Our Collective Role in Growing the Pie

A Capitalism That Works for Everyone