By Stuart L. Hart
Capitalism is certainly at a crossroads, dealing with overseas terrorism, all over the world environmental swap, and an accelerating backlash opposed to globalization. businesses are at crossroads, too: discovering new thoughts for ecocnomic progress is now more difficult. either units of difficulties are in detail associated. how to establish sustainable items and applied sciences which can force new progress whereas additionally aiding to unravel modern-day most vital social and environmental difficulties. Hart exhibits tips on how to turn into really indigenous to all markets — and keep away from the pitfalls of conventional 'greening' and 'sustainability' suggestions. This ebook does not simply element the best way to a capitalism that's extra inclusive and extra welcome: it deals particular recommendations to recharge innovation, development, and profitability.
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Extra info for Capitalism at the Crossroads: The Unlimited Business Opportunities in Solving the World's Most Difficult Problems
In 1997, Shapiro also launched a new Sustainable Development Sector, empowering dozens of internal champions to identify and grow the new businesses of the future that would address global social and environmental concerns in an economically profitable manner. Between 1995 and 1997, Monsanto’s stock price soared amid rosy projections of blockbuster products and rapidly expanding markets for agricultural biotechnology. 18 CAPITALISM AT THE CROSSROADS As a result of these developments, Monsanto was thrust into the public eye in a way that few companies had ever been in the past.
Or that improving the lives of workers in one country while degrading the environment in another is an unacceptable demonstration of civic responsibility. Short-term quarterly profits cannot trump long-term sustainability. As the author makes clear in Capitalism at the Crossroads, there is no inherent conflict between making the world a better place and achieving economic prosperity for all. Maintaining a principled commitment to global sustainability is not a soft approach to business— xxxi xxxii CAPITALISM AT THE CROSSROADS it is, in fact, the only pragmatic approach for long-term growth.
To successfully serve the needs of the entire human community, therefore, corporations must broaden their bandwidth. Radical transactiveness is the tool proposed to enable companies to hear the true voices of those who have been marginalized or ignored by globalization. CHAPTER 1 • FROM OBLIGATION TO OPPORTUNITY 27 Chapter 8, “Developing Native Capability,” then shows how critical it is to expand our conception of the global economy to include not just the transactions that occur in the formal economy, but also the myriad other forms of economic activity that are typically ignored—the informal economy, household production, and the barter economy, for example.
Capitalism at the Crossroads: The Unlimited Business Opportunities in Solving the World's Most Difficult Problems by Stuart L. Hart