RESOURCES

DOCUMENTS

WHAT WE'RE SAYING


  • Container Store, Whole Foods Aim for Conscious Capitalism

    Simply put, they believe profits come from balancing the needs of all stakeholders - employees, suppliers, customers, community and investors. A business has to have a purpose other than profits in order to achieve profitability. By Maria Halkias


  • Can Compassionate Capitalists Really Win?

    Raj Sisodia, head of the Conscious Capitalism Institute, believes companies that focus on the bottom line, instead of on employees' needs, will fall behind. Interview with Rajendra Sisodia


WHAT OTHERS ARE SAYING


  • The Altruism in Economics

    Standard economic theory states that people are interested only in their own material gain. But new insights from behavioral economics show that altruism rather than avarice is our primary motivation. By Jeremy Mercer


  • The Big Idea: Creating Shared Value

    The capitalist system is under siege. In recent years business increasingly has been viewed as a major cause of social, environmental, and economic problems. The solution lies in the principle of shared value, which involves creating economic value in a way that also creates value for society by addressing its needs and challenges. Businesses must reconnect company success with social progress. Shared value is not social responsibility, philanthropy, or even sustainability, but a new way to achieve economic success. It is not on the margin of what companies do but at the center. We believe that it can give rise to the next major transformation of business thinking. By Michael E. Porter and Mark R. Kramer


DOWNLOADABLE READING


  • Conscious Capitalism - Creating a New Paradigm for Business

    The old paradigm of maximizing profits and shareholder values as the sole purpose of business has created negative unintended consequences. The good news is that we can remove most the hostility toward business and capitalism if we change the way we think about it. If business owners/entrepreneurs begin to view their business as a complex and evolving interdependent system and manage their business more consciously for the well-being of all their major stakeholders, while fulfilling their highest business purpose, then we will begin to see the hostility towards capitalism and business disappear. By John Mackey


  • Developing Ethical Leadership

    Weaving his research together with learnings he has garnered from conversations with a host of executives and students during the last 25 years, Freeman creates a framework for developing ethical leadership. By R. Edward Freeman and Lisa Stewart


  • The Cultural Foundations of the Conscious Capitalism Movement

    Conscious Capitalism - An idea whose time has come. By David Wolfe


  • Company Stakeholder Responsibility: A New Approach to CSR

    Based on a stakeholder approach, this paper outlines a new capability for organizations to develop. By R. Edward Freeman, S. Ramakrishna Velamuri and Brian Moriarty


  • Bad Management Theories are Destroying Good Management Practices

    In this article Sumantra Ghoshal takes an in-depth look at how some of the management theories that have developed over the years have had a negative effect on our business culture. By Sumantra Ghoshal


  • Winning in the Relationship Era: A New Model for Marketing Success

    This short book by Doug Levy provides historical context, background information and some practical tips for marketers facing the challenges and opportunities in this new marketing era. By Doug Levy


WANT TO KNOW MORE?


  • Rethinking the Social Responsibility of Business

    A debate featuring Milton Friedman, Whole Foods' John Mackey, and Cypress Semiconductor's T.J. Rodgers.


  • The Path of Kyosei

    Many global companies believe they have a moral duty to respond to the world's problems but are unsure how to do that and still pursue a reasonable profit for their shareholders. Ryuzaburo Kaku, honorary chairman of Canon, the Japanese technology company, suggests that companies consider kyosei, a business credo that he defines as a "spirit of cooperation" in which individuals and organizations work together for the common good. By Ryuzaburo Kaku


  • Container Store CEO Cuts the Clutter

    Fortune interviews Kip Tindell, CEO and Co -Chairman, the Container Store about the management philosophy that has turned his storage and organizational store into a $500-million-a-year business. By Jenny Mero


  • Outside the Box

    How Container Store CEO Kip Tindell analyzes his customers, employees and limits to lead The Container Store to double-digit growth. By Robyn Davis Sekula


  • Changing the Role of Top Management: Beyond Strategy to Purpose

    After longitudinal research on 20 leading European, US and Japanese companies, the need for the role of top management to change became clear. Development of people will be part of the new role. By Christopher Bartlett & Sumantra Ghoshal


  • It's Time to Make Management a True Profession

    In the face of the recent institutional breakdown of trust in business, managers are losing legitimacy. To regain public trust, management needs to become a true profession in much the way medicine and law have, argue Khurana and Nohria of Harvard Business School. By Rakesh Khurana and Nitin Nohria


  • Executive of the Year 2006, CEO Sally Jewell

    CEO Sally Jewell lives her principles and leads REI to new heights By Jeeanne Lang Jones


  • REI chief Sally Jewell on Sustainability, Shoes and Sedentary Schoolkids

    Jewell's number one goal after being named CEO of REI was to reduce the company's environmental footprint, in addition to keeping employees happy and herself happy to keep her company moving forward. By Sarah Van Schagen



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