Question

Book: Conscious Capitalism, With a New Preface by the Authors: Liberating the Heroic Spirit of Business John Mackey and Raj Sisodia Harvard Business Review Press ISBN: 9781625271754

Question:

Write a clear and brief assessment/critique of the book Conscious Capitalism. Make sure that the majority of your writing focuses on what you particularly learned from the book and the pros and cons of conscious capitalism.

Answer 1

A brief assessment of the book Conscious Capitalism

"Conscious Capitalism" advances a business culture that typifies "trust, responsibility, mindful, straightforwardness, respectability, reliability, and populism." The management thought of "Conscious Capitalism" contains four key components of "decentralization, strengthening, development, and joint effort." Above all, this model type of business practice depends on cautious thoughtfulness regarding four principles: higher purpose and basic beliefs, stakeholder integration, conscious leadership, and conscious culture and management.

I have confidence in the innate excellencies of capitalism, particularly capitalism rehearsed with the enhancement of stakeholders as a top objective. Under stakeholder integration, the second fundamental of conscious capitalism, one of the stakeholders distinguished is the earth. Here the creators give a reviving, positive point of view on the condition, difficulties, and answers for major natural issues.

For example, at the determination of a segment titled "A Conscious Approach to the Environment," the creators sensibly state: "We have to address key ecological issues imaginatively and in a coordinated manner. While an unnatural weather change or environmental change gets a ton of consideration, we have all in all centered around it so emphatically as of late that it has removed consideration from other significant ecological difficulties. These incorporate basic concerns, for example, freshwater accessibility, air virtue, fish manageability, natural domesticated animal effects, and government assistance, deforestation, and desertification."

The hopeful desire for the creators is that in the end, for the advancement of society and nature, the significant plan of action will consolidate the standards and practices of "Conscious Capitalism." Hard information shows that, over the long haul, conscious organizations beat generally show organizations to a wide edge. Truth be told, through all the reasonable guidance and knowledge proffered from effective and empathetic business people and specialists, "Conscious Capitalism" shows definitively that in business, pleasant folks don't generally complete last. They may complete first.

Harley-Davidson, Google, the Container Store, Pedigree, Medtronic, Trader Joe's, Panera Bread — they practice conscious capitalism, as well.

The pros and cons of conscious capitalism

Pros

• the conscious part of conscious capitalism improves everything about the industrialist model.
• It making an incentive for their stakeholders. since contributed, connected with stakeholders will make a solid, economical, effective business.
• It has given an uncommon case of how a specialist can be an amazingly effective while as yet clinging to high moral models.
• Make a Sense of Higher Purpose
• Develop Your Leadership Integrity
• Lift the Morale of Employees
• Sustain Stakeholder Relationships

Cons

• Mackey has completely not given is a far-reaching answer to the debased condition of capitalism in America today.
• Mackey unmistakably neglects to perceive that the imperativeness of religion and profound quality will unavoidably be undermined inside the setting of a liberal society.
• The way that Mackey neglects to perceive this is particularly amusing given his staunch libertarianism