Two leading economists present a new model for sustainable capitalism based on the economics of mutuality.For decades, leaders in the business world have believed that their sole responsibility is to maximize profit for shareholders. But this obsessive focus was a major cause of the abuses that nearly sunk the global economy in 2008. While books like Thomas Piketty's Capital in the Twenty-First Century have exposed the shortcomings of financial capitalism, ...

In the face of constant change, the nature of business must evolve rapidly if it is to remain relevant to society at large. How then should business change to meet the requirements of the 21st century, in which unbridled globalization and technological advancements are having profound affects on the wellbeing and prosperity of both the people and the planet? The achievement of purpose is the key to successful transformation - not just having a purpose, but making that purpose real at every...

Milton Friedman's "financial capitalism" business model, which focuses exclusively on maximizing returns to shareholders, has caused tremendous harm to people, planet, and even profits, argue Mars, Inc., executives Bruno Roche and Jay Jakub. They advocate a detailed, field-tested alternative that takes a broader view and enables businesses to do well while doing good.For the past fifty years, the business world has been dominated by the Milton Friedman "financial capitalism" econom...

This landmark book shows how the old model of corporate sustainability and responsibility is being replaced by a second generation movement that goes beyond the outmoded approach of CSR as philanthropy or public relations concern to a more authentic, stakeholder-driven model. The author describes the new concept and mission of the new movement and explains its agenda in a succinct guide that will be useful for CSR professionals, including managers, consultants, academics, and non-governmen...

New Tools for Succeeding GloballyWhy do so many global strategies fail--despite companies' powerful brands and other border-crossing advantages? Because a one-size-fits-all strategy no longer stands a chance.When firms believe in the illusions of a "flat" world and the death of distance, they charge across borders as if the globe were one seamless marketplace. But cross-border differences are larger than we assume. Most economic activity--including trade, r...

For half a century the US has sat at the center of the global economic system, and Western-style capitalism has dominated. Now, it's no secret that the center of gravity is shifting. The advanced economies that in 2000 consumed 75% of the world's output will, by 2050, consume just 32%. Meanwhile, the emerging economies of the world--Brazil, India, China, and others--will surge forward.As these fast-growing, low-income economies mature, will they adopt the practices of the old guard...

In today's world of business where organizational boundaries are blurry, intense competition dictates rapid change, and complex issues and relationships cut across departments, business units, and even companies, the old hierarchical command-and-control management approach is no longer sufficient. Distributed leadership approaches are necessary and no one individual can do it all.In fact, an enterprise is more than just the traditional organization. Value today is often created not...

If there is an X PRIZE for collaborative thought leadership of the social ecosystem, this book would get it.Dr. Peter H. DiamandisChairman and CEO, X PRIZE FoundationThe World that Changes the World is thought leadership at its best—envisioning the future through reflection and analysis of past trends and contemporary challenges.Senator the Hon. Ursula StephensAustralian Parliamentary Secretary for Social Inclus...

This Open Access book provides a practical guide to the creation of sustainable enterprise value and implementation of the principles of stakeholder capitalism for corporate boards and management teams. The authors argue that business leadership is on the threshold of a new era driven by major shifts in technology, society, political economy and climate change. They set this transition in international and historical context and outline a comprehensive leadership agenda for fully integrati...

With the global economy in a precarious position, nurturing new entrepreneurial high-technology firms is likely to comprise a key component of any policy to encourage economic growth, both in developed and developing countries. Recent high-technology ventures – such as retailing in the music industry – have shown how entrepreneurs can radically change, or even replace, the structure of existing industries.High-Technology Entrepreneurship introduces and analyzes all the maj...

“Can you teach people to behave ethically?”That’s the question being asked by business leaders and business school administrators across America as our country witnesses a wave of financial scandals.The Seven Layers of Integrity® both answers that question and provides a model that serves as a learning tool and a decision-making mechanism.The authors believe people can be taught to behave ethically – and they start by examining the reason people raise this question ...

Why the United States lags behind other industrialized countries in sharing the benefits of innovation with workers and how we can remedy the problem.The United States has too many low-quality, low-wage jobs. Every country has its share, but those in the United States are especially poorly paid and often without benefits. Meanwhile, overall productivity increases steadily and new technology has transformed large parts of the economy, enhancing the skills and payche...