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by eries
12 days ago
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I'm not an academic, so no, I have not done any of these studies, but good news, everyone: other people have. The specific structure of Nova Nordisk is not just a foundation. I think the two-entity structure, where a foundation oversees or governs a for-profit company, is uniquely suited to longevity of a mission precisely because it combines the stewardship orientation of the foundation with the performance orientation of the for-profit subsidiary. The data shows (for what it's worth) that such structures are five or six times more likely to live to year 50 compared to a standard for-profit company. I give examples in the book also of pure foundations that have lost this structure or have lost their mission integrity too. I really think you need both for it to endure. |
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(Apologies if you already addressed this somewhere. Thanks for doing this)