Conscious capitalism, also referred to as a shared value approach, refers to organizational policies and practices...

90.2K

Verified Solution

Question

Operations Management

Conscious capitalism, also referred to as a shared valueapproach, refers to organizational policies and practices that bothenhance the economic success of a company and advance the economicand social conditions of the communities in which the companyoperates. It means having a higher purpose than making money; itmeans bringing out the best in people and fostering trust andrespect.

Conduct your own research and identify two companies that engagein Conscious Capitalism. Identify how their actions have a positiveimpact on the environment or community. Identify the benefitsachieved and the cost (if any) associated with their actions.Finally, provide your thoughts on the value of Conscious Capitalismand how you might incorporate that into your own business or workenvironment.

Answer & Explanation Solved by verified expert
4.4 Ratings (757 Votes)
Conscious capitalisms most important contribution to the environment or society is the creation of jobs for the communityIt also engages in environment protection and ecological development through corporate social responsibilities For eg The Godrej company is India has adopted vast swathes of mangroves for protection This land is    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students