Conscious capitalism is a way of thinking about business that considers the impact of a business on the planet and local community.
What is Conscious Capitalism?
Conscious capitalism is a way of thinking about business that considers the impact of a business on the planet and local community. It's based on the idea that businesses have the potential to make a positive impact on the world.
John Mackey, co-founder of Whole Foods, and Raj Sisodia, a marketing professor, are the founders of conscious capitalism. They wrote a book about conscious capitalism and founded Conscious Capitalism, Inc., a nonprofit organization that promotes their work.
The four tenets of conscious capitalism are:
- Higher purpose:
A business should have a purpose that goes beyond making money. - Stakeholder orientation:
A business should create value for all of its stakeholders, including customers, employees, investors, and the community. - Conscious leadership:
Leaders should focus on the "we" rather than the "me" and inspire others to do the same. - Conscious culture:
A business should foster a culture of trust, cooperation, and caring among all stakeholders.
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