The Third-Generation Corporation

Stuart L. Hart

in The Oxford Handbook of Business and the Natural Environment

Published in print November 2011 | ISBN: 9780199584451
Published online January 2012 | | DOI:

Series: Oxford Handbooks in Business and Management

The Third-Generation Corporation

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  • Business and Management
  • Business Strategy
  • Organizational Theory and Behaviour



This article deals with the prospects for the third-generation corporation, including the important research questions relevant to this emerging domain. Incorporation had become a perfunctory act, life-span limits had been removed, corporations were free to acquire other companies, and they could expand to other states as they saw fit. Growing concerns over environmental pollution, social injustice, and, ultimately, global poverty and inequity would foreshadow the rise of the third-generation “sustainable” corporation. It then tries to show the significant differences between the out-going second- and emerging third-generation corporate forms. The third-generation corporation may turn out to be the best hope for a “sustainable” future—economically, socially, and environmentally. As clean technology and base of the pyramid strategies gather momentum in the world, the opportunities to advance management theory have never been greater.

Keywords: third-generation corporation; environmental pollution; social injustice; global poverty; inequity; management theory

Article.  3813 words. 

Subjects: Business and Management ; Business Strategy ; Organizational Theory and Behaviour

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