How Ceos Can Fix Capitalism

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How CEOs Can Fix Capitalism

Raymond V. Gilmartin,Steven E. Prokesch
How CEOs Can Fix Capitalism Book PDF

Author : Raymond V. Gilmartin,Steven E. Prokesch
Publisher : Harvard Business Review Press
Page : 144 pages
File Size : 40,7 Mb
Release : 2013-07-09
Category : Business & Economics
ISBN : 9781625271426

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How CEOs Can Fix Capitalism by Raymond V. Gilmartin,Steven E. Prokesch Pdf

The financial crisis of 2008 and the Great Recession caused a crisis of public confidence in business and American-style capitalism, with its focus on maximizing shareholder value. Corporate leaders understood that reform was needed and that they needed to commit themselves to the dual goal of producing benefits for society and their firms’ bottom lines—to creating “shared value.” But the specific actions they could take to bring about this change were less clear. This ebook offers some of the freshest thinking today on practical measures that businesses can implement to create shared value. Originally published in an online forum hosted by Harvard Business Review, it offers valuable advice about how CEOs, other senior executives, and boards of directors can work together to engage stakeholders in new ways, change their companies’ values, build healthier relationships with investors, revamp incentive systems to create long-term value, and develop stronger succession plans. The authors of this collection of short articles include current or former CEOs, such as Howard Schultz of Starbucks and Dominic Barton of McKinsey & Company, and an array of prominent academics and other thought leaders, including Roger Martin of the University of Toronto, Jeffrey Pfeffer of Stanford, and Alfred Rappaport of Northwestern. Its editors are Raymond Gilmartin, the former CEO of Merck and, until recently, an adjunct professor at Harvard Business School, and Steve Prokesch, a senior editor at Harvard Business Review who previously worked at the New York Times and BusinessWeek magazine. In their introduction, they offer five specific recommendations on how CEOs can restore public faith in capitalism. HBR Singles provide brief yet potent business ideas, in digital form, for today's thinking professional.

How CEOs Can Fix Capitalism

Raymond Gilmartin
How CEOs Can Fix Capitalism Book PDF

Author : Raymond Gilmartin
Publisher : Unknown
Page : 145 pages
File Size : 41,6 Mb
Release : 2013
Category : Electronic
ISBN : OCLC:1027127234

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How CEOs Can Fix Capitalism by Raymond Gilmartin Pdf

The financial crisis of 2008 and the Great Recession caused a crisis of public confidence in business and American-style capitalism, with its focus on maximizing shareholder value. Corporate leaders understood that reform was needed and that they needed to commit themselves to the dual goal of producing benefits for society and their firms' bottom lines-to creating "shared value." But the specific actions they could take to bring about this change were less clear. This ebook offers some of the freshest thinking today on practical measures that businesses can implement to create shared value.

Capitalism at Risk, Updated and Expanded

Joseph L. Bower,Herman B. Leonard,Lynn S. Paine
Capitalism at Risk Updated and Expanded Book PDF

Author : Joseph L. Bower,Herman B. Leonard,Lynn S. Paine
Publisher : Harvard Business Press
Page : 488 pages
File Size : 43,8 Mb
Release : 2020-06-30
Category : Business & Economics
ISBN : 9781633698260

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Capitalism at Risk, Updated and Expanded by Joseph L. Bower,Herman B. Leonard,Lynn S. Paine Pdf

Q. Who should take the lead in fixing market capitalism? A. Business—not government alone. The spread of capitalism worldwide has made people wealthier than ever before. But capitalism's future is far from assured. Pandemics, income inequality, resource depletion, mass migrations from poor to rich countries, religious fundamentalism, the misuse of social media, and cyberattacks—these are just a few of the threats to continuing prosperity that we see dominating the headlines every day. How can capitalism be sustained? And who should spearhead the effort? Critics turn to government. In their groundbreaking book, Capitalism at Risk, Harvard Business School professors Joseph Bower, Herman Leonard, and Lynn Paine argue that while robust governments must play a role, leadership by business is essential. For enterprising companies—whether large multinationals, established regional players, or small startups—the current threats to market capitalism present important opportunities. In this updated and expanded edition of Capitalism at Risk, Bower, Leonard, and Paine set forth a renewed and more urgent call to action. With three additional chapters and a new preface, the authors explain how the eleven original disruptors of the global market system clash with the digital age, and they provide lessons on how to take action. Presenting examples of companies already making a difference, Bower, Leonard, and Paine show how business must serve both as innovator and activist—developing corporate strategies that effect change at the community, national, and international levels. Filled with rich insights, this new edition of Capitalism at Risk presents a compelling and constructive vision for the future of market capitalism.

The Man Who Broke Capitalism

David Gelles
The Man Who Broke Capitalism Book PDF

Author : David Gelles
Publisher : Simon and Schuster
Page : 272 pages
File Size : 42,5 Mb
Release : 2022-05-31
Category : Business & Economics
ISBN : 9781982176440

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The Man Who Broke Capitalism by David Gelles Pdf

New York Times Bestseller New York Times reporter and “Corner Office” columnist David Gelles reveals legendary GE CEO Jack Welch to be the root of all that’s wrong with capitalism today and offers advice on how we might right those wrongs. In 1981, Jack Welch took over General Electric and quickly rose to fame as the first celebrity CEO. He golfed with presidents, mingled with movie stars, and was idolized for growing GE into the most valuable company in the world. But Welch’s achievements didn’t stem from some greater intelligence or business prowess. Rather, they were the result of a sustained effort to push GE’s stock price ever higher, often at the expense of workers, consumers, and innovation. In this captivating, revelatory book, David Gelles argues that Welch single-handedly ushered in a new, cutthroat era of American capitalism that continues to this day. Gelles chronicles Welch’s campaign to vaporize hundreds of thousands of jobs in a bid to boost profits, eviscerating the country’s manufacturing base and destabilizing the middle class. Welch’s obsession with downsizing—he eliminated 10% of employees every year—fundamentally altered GE and inspired generations of imitators who have employed his strategies at other companies around the globe. In his day, Welch was corporate America’s leading proponent of mergers and acquisitions, using deals to gobble up competitors and giving rise to an economy that is more concentrated and less dynamic. And Welch pioneered the dark arts of “financialization,” transforming GE from an admired industrial manufacturer into what was effectively an unregulated bank. The finance business was hugely profitable in the short term and helped Welch keep GE’s stock price ticking up. But ultimately, financialization undermined GE and dozens of other Fortune 500 companies. Gelles shows how Welch’s celebrated emphasis on increasing shareholder value by any means necessary (layoffs, outsourcing, offshoring, acquisitions, and buybacks, to name but a few tactics) became the norm in American business generally. He demonstrates how that approach has led to the greatest socioeconomic inequality since the Great Depression and harmed many of the very companies that have embraced it. And he shows how a generation of Welch acolytes radically transformed companies like Boeing, Home Depot, Kraft Heinz, and more. Finally, Gelles chronicles the change that is now afoot in corporate America, highlighting companies and leaders who have abandoned Welchism and are proving that it is still possible to excel in the business world without destroying livelihoods, gutting communities, and spurning regulation.

Stakeholder Capitalism

Klaus Schwab
Stakeholder Capitalism Book PDF

Author : Klaus Schwab
Publisher : John Wiley & Sons
Page : 311 pages
File Size : 54,6 Mb
Release : 2021-01-27
Category : Business & Economics
ISBN : 9781119756132

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Stakeholder Capitalism by Klaus Schwab Pdf

Reimagining our global economy so it becomes more sustainable and prosperous for all Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end. The debate over the causes of the broken economy—laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason—is wide open. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Schwab—the Founder and Executive Chairman of the World Economic Forum—looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope, including: Individual agency: how countries and policies can make a difference against large external forces A clearly defined social contract: agreement on shared values and goals allows government, business, and individuals to produce the most optimal outcomes Planning for future generations: short-sighted presentism harms our shared future, and that of those yet to be born Better measures of economic success: move beyond a myopic focus on GDP to more complete, human-scaled measures of societal flourishing By accurately describing our real situation, Stakeholder Capitalism is able to pinpoint achievable ways to deal with our problems. Chapter by chapter, Professor Schwab shows us that there are ways for everyone at all levels of society to reshape the broken pieces of the global economy and—country by country, company by company, and citizen by citizen—glue them back together in a way that benefits us all.

Conscious Capitalism, With a New Preface by the Authors

John Mackey,Rajendra Sisodia
Conscious Capitalism With a New Preface by the Authors Book PDF

Author : John Mackey,Rajendra Sisodia
Publisher : Harvard Business Review Press
Page : 368 pages
File Size : 54,7 Mb
Release : 2014-01-07
Category : Business & Economics
ISBN : 9781625271754

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Conscious Capitalism, With a New Preface by the Authors by John Mackey,Rajendra Sisodia Pdf

The bestselling book, now with a new preface by the authors At once a bold defense and reimagining of capitalism and a blueprint for a new system for doing business, Conscious Capitalism is for anyone hoping to build a more cooperative, humane, and positive future. Whole Foods Market cofounder John Mackey and professor and Conscious Capitalism, Inc. cofounder Raj Sisodia argue that both business and capitalism are inherently good, and they use some of today’s best-known and most successful companies to illustrate their point. From Southwest Airlines, UPS, and Tata to Costco, Panera, Google, the Container Store, and Amazon, today’s organizations are creating value for all stakeholders—including customers, employees, suppliers, investors, society, and the environment. Read this book and you’ll better understand how four specific tenets—higher purpose, stakeholder integration, conscious leadership, and conscious culture and management—can help build strong businesses, move capitalism closer to its highest potential, and foster a more positive environment for all of us.

Tomorrow's Capitalist

Alan Murray
Tomorrow s Capitalist Book PDF

Author : Alan Murray
Publisher : Hachette UK
Page : 247 pages
File Size : 55,6 Mb
Release : 2022-05-10
Category : Business & Economics
ISBN : 9781541789104

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Tomorrow's Capitalist by Alan Murray Pdf

The Next Big Idea Club, Best Leadership Books of 2022 In an era of political and cultural extremism, America’s corporate leaders have emerged as the pragmatic center of a movement for social and economic progress. The core tenets of a capitalist system that dominated the world for more than a century are being challenged as never before. Narratives about the failures of capitalism, the greed of the 1 percent, and the blindness of corporations to public need have made their mark and are driving change. These aren’t the superficial cosmetic fixes that generated so much cynicism in the past, but a revolution in the way corporations are imagined and run. Tomorrow’s Capitalist reveals how corporate CEOs—the ultimate pragmatists—realized that they could lose their “operating license” unless they tackle the fundamental issues of our time: climate, diversity and inclusion, and inequality and workforce opportunity. Responding to their employees and customers who are demanding corporate change, they have taken the lead in establishing the bold new principles of stakeholder capitalism, ensuring that for the first time in more than a half a century it is not just shareholders who have a say in how corporations are run. Alan Murray vividly captures the zeitgeist of the real and compelling dynamic that is transforming much of the corporate world.

The Future of Capitalism

Paul Collier
The Future of Capitalism Book PDF

Author : Paul Collier
Publisher : HarperCollins
Page : 369 pages
File Size : 47,6 Mb
Release : 2018-12-04
Category : History
ISBN : 9780062748669

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The Future of Capitalism by Paul Collier Pdf

Bill Gates's Five Books for Summer Reading 2019 From world-renowned economist Paul Collier, a candid diagnosis of the failures of capitalism and a pragmatic and realistic vision for how we can repair it. Deep new rifts are tearing apart the fabric of the United States and other Western societies: thriving cities versus rural counties, the highly skilled elite versus the less educated, wealthy versus developing countries. As these divides deepen, we have lost the sense of ethical obligation to others that was crucial to the rise of post-war social democracy. So far these rifts have been answered only by the revivalist ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit, and the return of the far-right in Germany. We have heard many critiques of capitalism but no one has laid out a realistic way to fix it, until now. In a passionate and polemical book, celebrated economist Paul Collier outlines brilliantly original and ethical ways of healing these rifts—economic, social and cultural—with the cool head of pragmatism, rather than the fervor of ideological revivalism. He reveals how he has personally lived across these three divides, moving from working-class Sheffield to hyper-competitive Oxford, and working between Britain and Africa, and acknowledges some of the failings of his profession. Drawing on his own solutions as well as ideas from some of the world’s most distinguished social scientists, he shows us how to save capitalism from itself—and free ourselves from the intellectual baggage of the twentieth century.

Fixing Capitalism

Jonathan A. Carr
Fixing Capitalism Book PDF

Author : Jonathan A. Carr
Publisher : Lulu.com
Page : 175 pages
File Size : 44,5 Mb
Release : 2011-03-01
Category : Business & Economics
ISBN : 9780578077024

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Fixing Capitalism by Jonathan A. Carr Pdf

Fixing Capitalism is a book describing Networked Capitalism, the only existing theory for creating a truly stable competitive economy that works for every person in the world. The theory begins with the conclusion that the fatal flaw in the economy is that money is a limited commodity. A limited supply of money to pay for everything creates limited production and limited consumption. It also creates instability in the economy as people decide to spend their money and encourage production or withhold their money and starve production. If we mediate exchange with an unlimited commodity, like information, the economy will be able to produce as many goods and services as the environment can sustainably support.

Conscious Capitalism Field Guide

Raj Sisodia,Timothy Henry,Thomas Eckschmidt
Conscious Capitalism Field Guide Book PDF

Author : Raj Sisodia,Timothy Henry,Thomas Eckschmidt
Publisher : Harvard Business Press
Page : 432 pages
File Size : 40,6 Mb
Release : 2018-03-20
Category : Business & Economics
ISBN : 9781633691711

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Conscious Capitalism Field Guide by Raj Sisodia,Timothy Henry,Thomas Eckschmidt Pdf

Build conscious leadership into your business. You subscribe to the basic idea that business can do more than make money, but you're not sure how to act on that conviction or how to share it with the rest of your organization. The Conscious Capitalism Field Guide--the authoritative follow-up to the bestselling book Conscious Capitalism, by John Mackey, CEO of Whole Foods Market, and leadership expert Raj Sisodia--gives you the tools for sharing and implementing the principles of higher purpose and conscious business throughout your organization. This practical guide provides hands-on materials--the same tools used in companies such as Whole Foods Market, Southwest Airlines, Life is Good, The Container Store, Barry-Wehmiller, Zappos, and many others--that you can use on your own, with your team, or with others throughout your organization to build conscious leadership and practices into your business. Organized according to the four core principles (higher purpose, stakeholder orientation, conscious leadership, and conscious culture) of Conscious Capitalism, the book provides exercises, worksheets, checklists, and instructions--for use both individually and with teams--as well as advice, examples, and real-life stories to help you apply these ideas and make them come alive in your organization. You and your team will: write a purpose statement learn how to create win-win-win relationships with all your stakeholders create a "culture playbook" for your company develop a leadership checklist for your organization build a personal leadership development plan set priorities for the coming year and beyond

When More Is Not Better

Roger L. Martin
When More Is Not Better Book PDF

Author : Roger L. Martin
Publisher : Harvard Business Press
Page : 206 pages
File Size : 53,8 Mb
Release : 2020-09-29
Category : Business & Economics
ISBN : 9781647820077

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When More Is Not Better by Roger L. Martin Pdf

American democratic capitalism is in danger. How can we save it? For its first two hundred years, the American economy exhibited truly impressive performance. The combination of democratically elected governments and a capitalist system worked, with ever-increasing levels of efficiency spurred by division of labor, international trade, and scientific management of companies. By the nation's bicentennial celebration in 1976, the American economy was the envy of the world. But since then, outcomes have changed dramatically. Growth in the economic prosperity of the average American family has slowed to a crawl, while the wealth of the richest Americans has skyrocketed. This imbalance threatens the American democratic capitalist system and our way of life. In this bracing yet constructive book, world-renowned business thinker Roger Martin starkly outlines the fundamental problem: We have treated the economy as a machine, pursuing ever-greater efficiency as an inherent good. But efficiency has become too much of a good thing. Our obsession with it has inadvertently shifted the shape of our economy, from a large middle class and smaller numbers of rich and poor (think of a bell-shaped curve) to a greater share of benefits accruing to a thin tail of already-rich Americans (a Pareto distribution). With lucid analysis and engaging anecdotes, Martin argues that we must stop treating the economy as a perfectible machine and shift toward viewing it as a complex adaptive system in which we seek a fundamental balance of efficiency with resilience. To achieve this, we need to keep in mind the whole while working on the component parts; pursue improvement, not perfection; and relentlessly tweak instead of attempting to find permanent solutions. Filled with keen economic insight and advice for citizens, executives, policy makers, and educators, When More Is Not Better is the must-read guide for saving democratic capitalism.

Too Greedy for Adam Smith

Steven Bavaria
Too Greedy for Adam Smith Book PDF

Author : Steven Bavaria
Publisher : Unknown
Page : 168 pages
File Size : 48,8 Mb
Release : 2015-08-19
Category : Electronic
ISBN : 0692491252

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Too Greedy for Adam Smith by Steven Bavaria Pdf

"Too Greedy for Adam Smith" is about how out-of-control CEO pay is destroying free enterprise in America. If a corporate purchasing manager rented office space from a cousin or crony at twice the market rate he would be fired in a heartbeat. But "sweetheart deals" that would be unethical elsewhere in the business world are the norm in the world of CEO pay, where highly conflicted boards of directors award pay packages many times the size normal free market economics would require. "Too Greedy for Adam Smith" explains in plain English how this is more than just flawed economics. It also gives capitalism a "bad name" as voters see our corporate elite living by a different set of rules than everyone else. Beyond paying CEOs more than they deserve, this encourages corporate behavior that has little economic purpose besides enriching management and its Wall Street enablers. Excessive one-time payoffs encourage CEOs to "swing-for-the-fences," so that doing mega-deals where they can "take the money and run" trumps doing what's best for the company in the long run. We need to reject the idea that excessive pay for CEOs is just a "normal" part of capitalism in the same way we refuse to accept price fixing, embezzlement and other corrupt activity. Boards of directors should be put on notice that approving such deals is a breach of their fiduciary duty, and they should be held to account through shareholder suits, SEC actions and by the press. This issue concerns everyone - Republican, Democrat, liberal, conservative - who values free enterprise and wants to see it maintained and strengthened.

Ethics, Law and Professional Deontology

Esther Valbuena García
Ethics Law and Professional Deontology Book PDF

Author : Esther Valbuena García
Publisher : ESIC Editorial
Page : 164 pages
File Size : 48,9 Mb
Release : 2021-09-28
Category : Business & Economics
ISBN : 9788418944048

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Ethics, Law and Professional Deontology by Esther Valbuena García Pdf

This book is aimed at students, teachers and researchers, and those responsible for the ethical and sustainable management of organizations; it helps to identify, understand and expand on some relevant aspects related to ethical management of companies and institutions. As a whole, it is a work that invites reflection and defines the main deontological and ethical problems which organizations face in a globalized, technological and interconnected world. The book sets out to facilitate the analysis of fundamental ethical issues that underlie business decision making. It is also a detailed manual on how sustainability should be managed today, addressing the latest sustainability trends, which encompass comprehensive environmental, social and economic plans. In short, this book prepares readers to develop an exhaustive sustainability master plan.

CEO Society

Peter Bloom,Carl Rhodes
CEO Society Book PDF

Author : Peter Bloom,Carl Rhodes
Publisher : Zed Books Ltd.
Page : 251 pages
File Size : 49,9 Mb
Release : 2018-04-15
Category : Political Science
ISBN : 9781786990754

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CEO Society by Peter Bloom,Carl Rhodes Pdf

Chief Executive Officers (CEOs) have become the cultural icons of the 21st century. Figures like Steve Jobs and Mark Zuckerberg are held up as role models who epitomise the modern pursuit of innovation, wealth and success. We now live, Bloom and Rhodes argue, in a ‘CEO society’ – a society where corporate leadership has become the model for transforming not just business, but all spheres of life, where everyone from politicians to jobseekers to even those seeking love are expected to imitate the qualities of the lionized corporate executive. But why, in the wake of the failings exposed by the 2008 financial crisis, does the corporate ideal continue to exert such a grip on popular attitudes? In this insightful new book, Bloom and Rhodes examine the rise of the CEO society, and how it has started to transform governments, culture and the economy. This influence, they argue, holds troubling implications for the future of democracy - as evidenced by the disturbing political rise of Donald Trump in the US - and for our society as a whole.

The Heart of Business

Hubert Joly
The Heart of Business Book PDF

Author : Hubert Joly
Publisher : Harvard Business Press
Page : 154 pages
File Size : 54,5 Mb
Release : 2021-05-04
Category : Business & Economics
ISBN : 9781647820398

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The Heart of Business by Hubert Joly Pdf

A Wall Street Journal Bestseller Named a Financial Times top title How to unleash "human magic" and achieve improbable results. Hubert Joly, former CEO of Best Buy and orchestrator of the retailer's spectacular turnaround, unveils his personal playbook for achieving extraordinary outcomes by putting people and purpose at the heart of business. Back in 2012, "Everyone thought we were going to die," says Joly. Eight years later, Best Buy was transformed as Joly and his team rebuilt the company into one of the nation's favorite employers, vastly increased customer satisfaction, and dramatically grew Best Buy's stock price. Joly and his team also succeeded in making Best Buy a leader in sustainability and innovation. In The Heart of Business, Joly shares the philosophy behind the resurgence of Best Buy: pursue a noble purpose, put people at the center of the business, create an environment where every employee can blossom, and treat profit as an outcome, not the goal. This approach is easy to understand, but putting it into practice is not so easy. It requires radically rethinking how we view work, how we define companies, how we motivate, and how we lead. In this book Joly shares memorable stories, lessons, and practical advice, all drawn from his own personal transformation from a hard-charging McKinsey consultant to a leader who believes in human magic. The Heart of Business is a timely guide for leaders ready to abandon old paradigms and lead with purpose and humanity. It shows how we can reinvent capitalism so that it contributes to a sustainable future.