Capitalism has been an unprecedented engine of wealth creation for many centuries, leading to sustained productivity gains and long-term growth and lifting an increasing part of humanity out of poverty and subsistence. But its effects, and hence its future, have come increasingly under question: Is capitalism still improving the wealth and well-being for the many? Or, has it become destructive for the economy, where long-term value creation is being sacrificed to the pressures of short-termism; for society, where the gap between rich and poor has increased and opportunities to lift oneself out…mehr
Capitalism has been an unprecedented engine of wealth creation for many centuries, leading to sustained productivity gains and long-term growth and lifting an increasing part of humanity out of poverty and subsistence. But its effects, and hence its future, have come increasingly under question: Is capitalism still improving the wealth and well-being for the many? Or, has it become destructive for the economy, where long-term value creation is being sacrificed to the pressures of short-termism; for society, where the gap between rich and poor has increased and opportunities to lift oneself out of poverty have dwindled; and for the natural environment, which seems increasingly under threat with unforeseen consequences for prosperity and global order? This volume reflects both the urgency of the needed action and the opportunity to achieve a wide-ranging agreement and lasting movement towards a more responsible, equitable, and sustainable model of capitalism in order to ensure its very survival. The volume is unique in that it brings together many of the leading proponents for a reformed, re-imagined capitalism from the fields of academia, business, and NGOs. Its contributors have been at the forefront of thought and action in regard to the future of capitalism. Both individually and collectively, they provide powerful suggestions of what such a long-term oriented model of capitalism should look like and how it can be achieved. Drawing on their research and/or professional experience, they write in an accessible way aiming to reach the broad audiences required to turn a re-imagined capitalism into a reality.
Dominic Barton is the Global Managing Partner of McKinsey. In his 30 years at the rm, Dominic has advised clients in a range of industries, including banking, consumer goods, high tech, and industrial. Dominic leads McKinseys work on the future of capitalism, long-term value creation, and the role of business leadership in society. He has authored more than 80 articles on business in society, leadership, nancial services, Asia, history, and the issues and opportunities facing markets worldwide. He is the co-author, with Roberto Newell and Greg Wilson, of Dangerous Markets: Managing in Financial Crises (Wiley & Sons, 2002). His most recent book is China Vignettes: An Inside Look at China (Talisman, 2007). Dezsö Horváth is Dean and Tanna H. Schulich Chair in Strategic Management at the Schulich School of Business, York University, where he has been a member of the faculty since 1977. In addition to his role as Dean, Dr. Horváth is a director of a number of companies and organizations and serves on the advisory board of various business schools around the world. He was named 2004 Dean of the Year by the Academy of International Business (AIB), the world's leading association of scholars in the field of international business. In 2008 he was made a Member of the Order of Canada. MATTHIAS KIPPING is Professor of Policy, Richard E. Waugh Chair in Business History, and Academic Director of the Kellogg-Schulich Executive MBA program at the Schulich School of Business, York University. Matthias obtained degrees in Germany, France and the US and held previous positions in the UK and Spain. His research focuses on the evolution and global transfer of management practices as well as the contribution of historical approaches to the study of management. He recently co-authored, with Lars Engwall and Behlül Üsdiken, Dening Management: Business Schools, Consultants, Media (Routledge, 2016)
Inhaltsangabe
* 1: Dominic Barton, Dezsö Horváth and Matthias Kipping: Re-imagining Capitalism for the Long Term: Situating the Volume * Part I. Trailblazing: The Role of Exemplary Leadership * 2: Paul Polman: Re-establishing Trust: Making Business with Purpose the Purpose of Business * 3: Kathleen McLaughlin and Doug McMillon: Business and Society: Reshaping Global Systems * 4: Galen G. Weston: Family Firms and "Patient Capital": Thinking in Decades, not Quarters * 5: Monique Leroux: Cooperatives: Stakeholder-oriented by Design, Long-term Focused by Necessity * 6: Ratan N. Tata (with Dirk Matten): Corporate Community Involvement in the 21st Century * 7: Nick Lovegrove and Matthew Thomas: Broad: The Gifts of Breadth in a World Sold on Depth * Part II. Engaging: Broader Views for a Better Capitalism * 8: John Kay: Understanding and Misunderstanding the Triumph of Capitalism * 9: Andrew Crane and Dirk Matten: Engagement Required: The Changing Role of the Corporation in Society * 10: R. Edward Freeman, Bidhan L. Parmar, and Kirsten M. Martin: Responsible Capitalism: Business for the 21st Century * 11: Bryan W. Husted: Being Good and Doing Well: Not as Easy as You Think * 12: Lynn Stout: 'Maximizing Shareholder Value' is an Unnecessary and Unworkable Corporate Objective * 13: John Stackhouse: Narrowcasting: How Media and Political Disruption Changed the Economic Debate * Part III. Advancing: Suggestions for the Ways Forward * 14: Simon Zadek: Imagining a Sustainable Financial System * 15: Robert G. Eccles and Birgit Spiesshofer: Integrated Reporting for a Re-Imagined Capitalism * 16: Edward Waitzer and Douglas Sarro: Reasonable Expectations and Fiduciary Obligations: Legal Pathways to Longer-term Thinking * 17: Gordon L. Clark and Michael Viehs: Corporate Social Responsibility: The Case for Active Ownership by Institutional Investors * 18: Bruce Simpson and Tiffany Vogel: Building the Right Long-term Approach: The Power of Aligning Leadership, Strategy, and Execution * 19: Richard A. Ross and D. Eleanor Westney: A New Way of Thinking About Resource Development: A Values-Based Approach * 20: Shawn Bohen and Gerald Chertavian: Restoring the Capitalist Promise: Opportunities in the U.S. Youth Labor Market * Conclusion * 21: Dezsö Horváth and Dominic Barton: Capitalism Re-imagined
* 1: Dominic Barton, Dezsö Horváth and Matthias Kipping: Re-imagining Capitalism for the Long Term: Situating the Volume * Part I. Trailblazing: The Role of Exemplary Leadership * 2: Paul Polman: Re-establishing Trust: Making Business with Purpose the Purpose of Business * 3: Kathleen McLaughlin and Doug McMillon: Business and Society: Reshaping Global Systems * 4: Galen G. Weston: Family Firms and "Patient Capital": Thinking in Decades, not Quarters * 5: Monique Leroux: Cooperatives: Stakeholder-oriented by Design, Long-term Focused by Necessity * 6: Ratan N. Tata (with Dirk Matten): Corporate Community Involvement in the 21st Century * 7: Nick Lovegrove and Matthew Thomas: Broad: The Gifts of Breadth in a World Sold on Depth * Part II. Engaging: Broader Views for a Better Capitalism * 8: John Kay: Understanding and Misunderstanding the Triumph of Capitalism * 9: Andrew Crane and Dirk Matten: Engagement Required: The Changing Role of the Corporation in Society * 10: R. Edward Freeman, Bidhan L. Parmar, and Kirsten M. Martin: Responsible Capitalism: Business for the 21st Century * 11: Bryan W. Husted: Being Good and Doing Well: Not as Easy as You Think * 12: Lynn Stout: 'Maximizing Shareholder Value' is an Unnecessary and Unworkable Corporate Objective * 13: John Stackhouse: Narrowcasting: How Media and Political Disruption Changed the Economic Debate * Part III. Advancing: Suggestions for the Ways Forward * 14: Simon Zadek: Imagining a Sustainable Financial System * 15: Robert G. Eccles and Birgit Spiesshofer: Integrated Reporting for a Re-Imagined Capitalism * 16: Edward Waitzer and Douglas Sarro: Reasonable Expectations and Fiduciary Obligations: Legal Pathways to Longer-term Thinking * 17: Gordon L. Clark and Michael Viehs: Corporate Social Responsibility: The Case for Active Ownership by Institutional Investors * 18: Bruce Simpson and Tiffany Vogel: Building the Right Long-term Approach: The Power of Aligning Leadership, Strategy, and Execution * 19: Richard A. Ross and D. Eleanor Westney: A New Way of Thinking About Resource Development: A Values-Based Approach * 20: Shawn Bohen and Gerald Chertavian: Restoring the Capitalist Promise: Opportunities in the U.S. Youth Labor Market * Conclusion * 21: Dezsö Horváth and Dominic Barton: Capitalism Re-imagined
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