From the author of Capitalism at the Crossroads, a call to consciousness—and action—for individuals, organizations, communities, and nations.
Our current Milton Friedman–style ‘shareholder primacy capitalism, ‘ as taught in business schools and embraced around the world, has become dangerous for society, the climate, and the planet. Moreover, Stuart L. Hart argues, it’s economically unnecessary. But there are surprising reasons for hope—from the history of capitalism itself. Beyond Shareholder Primacy argues that capitalism has reformed itself twice before and is poised for a third major reformation. Retelling the origin story of capitalism from the fifteenth century to the present, Hart argues that a radically sustainable, just capitalism is possible, and even likely, in our lifetime.
Hart goes on to describe what it will take to move beyond capitalism’s present worship of ‘shareholder primacy, ‘ including corporate transformations to re-embed purpose and reforms to major economic institutions. A key requirement is eliminating the ‘externalities’ (or collateral damage) of our current shareholder capitalism. Sustainable capitalism will explicitly incorporate the needs of society and the planet, include a financial system that allows leaders to prioritize the planet, reorganize business schools around sustainable management thinking, and enable corporations not just to stop ignoring the damage they cause, but actually begin to create positive impact.
Tabella dei contenuti
Acknowledgments
Foreword by Brian Griffith, Executive Chairman, Griffith Foods
Preface: The Sustainable Business Movement Is Broken
Prologue: Better Angels Versus Animal Spirits
PART I. The Past Is Prologue: Capitalism Has Been Remade Twice Before
1. Capitalism’s Heritage:Extraction Is Not Preordained
2. The Next Capitalist Reformation:Sustainable Capitalism
3. History Rhymes:Enduring Lessons for Today
PART II. Corporate Transformation: ‘Win-Win’ Solutions Will No Longer Suffice
4. The Great Race: Sustainable Capitalism’s Challenge
5. Re-Embedding Purpose
6. Redesigning the Corporate Architecture
PART III. Institutional Redesign: Business’s Indispensable Role in System Change
7. Reinventing Business Education
8. Redefining the Meaning of Value Denouement: What Does It All Mean
Notes
Index
Circa l’autore
Stuart L. Hart is Professor Emeritus at Cornell University’s Johnson School of Management, where he founded the Center for Sustainable Global Enterprise, and Professor in Residence at the University of Michigan’s Erb Institute for Global Sustainable Enterprise. He is also co-founder and former Director of The Sustainable Innovation MBA program at the University of Vermont’s Grossman School of Business. A Fortune 500 consultant, Hart is one of the world’s top authorities on the implications of environment and poverty for business strategy. He is the author of numerous publications, including the influential book,
Capitalism at the Crossroads, 3rd Edition: Next Generation Business Strategies for a Post-Crisis World.
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