Beyond shareholder primacy remaking capitalism for a sustainable future / Stuart L. Hart ; with a foreword by Brian Griffith.
| Author/creator | Hart, Stuart L. |
| Format | Electronic |
| Publication Info | Stanford, California : Stanford Business Books, an imprint of Stanford University Press, [2024] |
| Description | xviii, 369 pages : illustrations ; 24 cm |
| Supplemental Content | Full text available from eBooks on EBSCOhost |
| Subjects |
| Contents | Acknowledgments -- Foreword: 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. |
| Abstract | 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. |
| Bibliography note | Includes bibliographical references (pages 317-350) and index. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| LCCN | 2023952332 |
| ISBN | 9781503636217 (cloth) |
| ISBN | (ebook) |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |