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Article Number - C1F554F56318

Vol.12(5), pp. 92-102 , March 2018
ISSN: 1993-8233

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Social impact and evaluation: A rational management theory approach

Alessandro Migliavacca
  • Alessandro Migliavacca
  • Department of Management, University of Turin, Turin, Italy.
  • Google Scholar
Christian Rainero
  • Christian Rainero
  • Department of Management, University of Turin, Turin, Italy.
  • Google Scholar
Luigi Puddu
  • Luigi Puddu
  • Department of Management, University of Turin, Turin, Italy.
  • Google Scholar
Giuseppe Modarelli
  • Giuseppe Modarelli
  • Department of Management, University of Turin, Turin, Italy.
  • Google Scholar

 Received: 25 October 2017  Accepted: 27 December 2017  Published: 14 March 2018

Copyright © 2018 Author(s) retain the copyright of this article.
This article is published under the terms of the Creative Commons Attribution License 4.0

Organization and person have a theoretical and ontological link; being the first teleological extension of the latter, it is impossible to think of one without the other. In a similar way, the complex of economy itself cannot overlook the needs of the person and seek for the reach of maximization results with unhesitating self-interest. In this paper, it is argued that every organization is born to satisfy people’s, or stakeholders’ interests, so that a Rational Management must evaluate both the financial-economic results and the social impact of its activity, in order to achieve the maximum level of information in the decision making. Nonetheless, this approach needs a dramatic shift of conceiving the economy and the role of the organization, which must bring back the person (human being) at the center of any theoretical model, lest the creation of unfairness and inequalities. The Rational Management Theory proposed serves this scope, by implementing a rational decision making based on all the aspects of the outcome generated by the organization. This approach is relevant to the current literature, because it shifts the neoclassical economic conception of the activities to one more human-sized and conscious, and applies indifferently to any kind of organization, whether it is public, private or non-profit.

Key words: Rational management, business, social impact, management theory, evaluation, organization, person.


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APA Migliavacca, A., Rainero, C., Puddu, L., & Modarelli, G. (2018). Social impact and evaluation: A rational management theory approach. African Journal of Business Management, 12(5), 92-102.
Chicago Alessandro Migliavacca, Christian Rainero, Luigi Puddu and Giuseppe Modarelli  . "Social impact and evaluation: A rational management theory approach." African Journal of Business Management 12, no. 5 (2018): 92-102.
MLA Aless, et al. "Social impact and evaluation: A rational management theory approach." African Journal of Business Management 12.5 (2018): 92-102.

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