Sumantra Ghoshal’s condemnation of “bad management theories” that were “destroying good management practices” has not lost any of its salience, after a decade. Management theories anchored in agency theory (and neo-classical economics generally) continue to abet the financialization of society and undermine the functioning of business. An alternative approach (drawn from a more classic institutional, new ecological, and refocused ethical approaches) is reviewed.

This article presents in the first part the concept of Schelerian phenomenology of religion and claims that pre‐phenomenon of Holiness could not be take in the bracket of existence as usual because the religious act raised by Holiness itself is an heteronomic act of God‐Holiness realized in the man and giving evidence of the existence of its Reasoner. In the second part of this article two types of unity are presented: unity due to joint feeling with others (unmittelbares Mitfühlen — (...) “Two parents stand beside the dead body of a beloved child”) and unity due to co‐operation of personal acts (Mitvollzug — “I live, yet not I, but Christ in me”). This two types of unities present the Other in a primordial way, which launched several criticism against Max Scheler’s mysticism. Phenomenology of act and mysticism seems to merge together in one point, calling Maieutic Birth, a their method becomes enactment of meaning (Vollzugstheorie der Bedeutung — Karl Friedrich Gethmann). (shrink)