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CONSCIOUS CAPITALISM
A growing number of companies are showing that business can be a powerful force for good. Their leaders consciously shape the companies’ vision, policies, and operations to address broader societal needs while building shareholder value. We refer to them as “conscious capitalists,” who adhere closely to two core principles: 1. Companies should operate with a clear purpose that transcends profits; and 2. Companies can best serve stockholders by jointly addressing the needs of all stakeholders.
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Reference
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Video of Larry Summers at HBS' "Leading in Business and Beyond" event
Video of Michael Porter's talk at HBS' "Leading in Business and Beyond" event
Top Sources: Conscious Capitalism
- hbs.edu
- fastcompany.com
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