Author: Anthony B. Cunningham
Publisher: CIFOR
ISBN:
Category :
Languages : en
Pages : 28
Book Description
After 42 years of international trade in wild harvested medicinal bark from Africa and Madagascar, the example of Prunus africana holds several lessons for both policy and practice in forestry, conservation and rural development. Due to recent CITES restrictions on P. africana exports from Burundi, Kenya and Madagascar, coupled with the lifting of the 2007 EU ban in 2011, Cameroon’s share of the global P. africana bark trade has risen from an average of 38% between 1995 and 2004, to 72.6% (658.6 (metric tons or t)) in 2012. Cameroon is therefore at the center of this international policy arena. First, despite the need to conserve genetically and chemically diverse P. africana, there are no populations in Cameroon that are completely protected. Commercial harvesting is allowed in Mount Cameroon National Park (MCNP) and enforcement within forest reserves such as Nkom-Wum Forest Reserve, Mount Manengouba is limited. Second, hopes of decentralized governance of this forest product are misplaced due to elite capture, concentration of power and “informal taxation” (bribery). Although shifts away from an export monopoly did occur, this resulted in “resource mining” rather than the intended sustainable resource management after 1987, when 50 Cameroonian entrepreneurs entered the bark trade. In 2004, this halved to 25 companies. In 2007, just nine companies received quotas, only one of which (Afrimed) actually exported bark. Afrimed continues to dominate the export trade to date. As one of four companies under the umbrella of a privately owned Cameroonian bank, Afrimed is different to other exporters in terms of power and influence. At the current European price for P. africana bark (USD 6 per kg), the 2012 bark quota (658.675 t) was worth over USD 3.9 million, most of it accruing to Afrimed. Third, in contrast to lucrative bark exports, livelihood benefits to local harvesters from wild harvests are low. For example, the 48 harvesters working within MCNP receive less than USD 1 per day from bark harvests, due to a net bark price of just USD 0.33 per kg (or 43% of the farm-gate price for wild harvested bark). The costs of maintaining an inventory, monitoring and managing sustainable wild harvests are far greater than the benefits to harvesters. Without the current substantial international donor subsidies, sustainable harvest cannot be sustained. To supply the current and future market, we must develop separate, traceable P. africana bark supply chains based on cultivated stocks. More Cameroonian small-scale farmers cultivate P. africana than farmers in any other country. This change requires CITES and EU support and would catalyze P. africana cultivation in Cameroon, doubling farm-gate prices to harvesters – from the current FCFA 150 per kg (USD 0.33) received by wild bark harvesters to FCFA 294 per kg (USD 0.66 ) – that could be paid to farmers after a 15% traceability cost was deducted.
Power, profits and policy
Author: Anthony B. Cunningham
Publisher: CIFOR
ISBN:
Category :
Languages : en
Pages : 28
Book Description
After 42 years of international trade in wild harvested medicinal bark from Africa and Madagascar, the example of Prunus africana holds several lessons for both policy and practice in forestry, conservation and rural development. Due to recent CITES restrictions on P. africana exports from Burundi, Kenya and Madagascar, coupled with the lifting of the 2007 EU ban in 2011, Cameroon’s share of the global P. africana bark trade has risen from an average of 38% between 1995 and 2004, to 72.6% (658.6 (metric tons or t)) in 2012. Cameroon is therefore at the center of this international policy arena. First, despite the need to conserve genetically and chemically diverse P. africana, there are no populations in Cameroon that are completely protected. Commercial harvesting is allowed in Mount Cameroon National Park (MCNP) and enforcement within forest reserves such as Nkom-Wum Forest Reserve, Mount Manengouba is limited. Second, hopes of decentralized governance of this forest product are misplaced due to elite capture, concentration of power and “informal taxation” (bribery). Although shifts away from an export monopoly did occur, this resulted in “resource mining” rather than the intended sustainable resource management after 1987, when 50 Cameroonian entrepreneurs entered the bark trade. In 2004, this halved to 25 companies. In 2007, just nine companies received quotas, only one of which (Afrimed) actually exported bark. Afrimed continues to dominate the export trade to date. As one of four companies under the umbrella of a privately owned Cameroonian bank, Afrimed is different to other exporters in terms of power and influence. At the current European price for P. africana bark (USD 6 per kg), the 2012 bark quota (658.675 t) was worth over USD 3.9 million, most of it accruing to Afrimed. Third, in contrast to lucrative bark exports, livelihood benefits to local harvesters from wild harvests are low. For example, the 48 harvesters working within MCNP receive less than USD 1 per day from bark harvests, due to a net bark price of just USD 0.33 per kg (or 43% of the farm-gate price for wild harvested bark). The costs of maintaining an inventory, monitoring and managing sustainable wild harvests are far greater than the benefits to harvesters. Without the current substantial international donor subsidies, sustainable harvest cannot be sustained. To supply the current and future market, we must develop separate, traceable P. africana bark supply chains based on cultivated stocks. More Cameroonian small-scale farmers cultivate P. africana than farmers in any other country. This change requires CITES and EU support and would catalyze P. africana cultivation in Cameroon, doubling farm-gate prices to harvesters – from the current FCFA 150 per kg (USD 0.33) received by wild bark harvesters to FCFA 294 per kg (USD 0.66 ) – that could be paid to farmers after a 15% traceability cost was deducted.
Publisher: CIFOR
ISBN:
Category :
Languages : en
Pages : 28
Book Description
After 42 years of international trade in wild harvested medicinal bark from Africa and Madagascar, the example of Prunus africana holds several lessons for both policy and practice in forestry, conservation and rural development. Due to recent CITES restrictions on P. africana exports from Burundi, Kenya and Madagascar, coupled with the lifting of the 2007 EU ban in 2011, Cameroon’s share of the global P. africana bark trade has risen from an average of 38% between 1995 and 2004, to 72.6% (658.6 (metric tons or t)) in 2012. Cameroon is therefore at the center of this international policy arena. First, despite the need to conserve genetically and chemically diverse P. africana, there are no populations in Cameroon that are completely protected. Commercial harvesting is allowed in Mount Cameroon National Park (MCNP) and enforcement within forest reserves such as Nkom-Wum Forest Reserve, Mount Manengouba is limited. Second, hopes of decentralized governance of this forest product are misplaced due to elite capture, concentration of power and “informal taxation” (bribery). Although shifts away from an export monopoly did occur, this resulted in “resource mining” rather than the intended sustainable resource management after 1987, when 50 Cameroonian entrepreneurs entered the bark trade. In 2004, this halved to 25 companies. In 2007, just nine companies received quotas, only one of which (Afrimed) actually exported bark. Afrimed continues to dominate the export trade to date. As one of four companies under the umbrella of a privately owned Cameroonian bank, Afrimed is different to other exporters in terms of power and influence. At the current European price for P. africana bark (USD 6 per kg), the 2012 bark quota (658.675 t) was worth over USD 3.9 million, most of it accruing to Afrimed. Third, in contrast to lucrative bark exports, livelihood benefits to local harvesters from wild harvests are low. For example, the 48 harvesters working within MCNP receive less than USD 1 per day from bark harvests, due to a net bark price of just USD 0.33 per kg (or 43% of the farm-gate price for wild harvested bark). The costs of maintaining an inventory, monitoring and managing sustainable wild harvests are far greater than the benefits to harvesters. Without the current substantial international donor subsidies, sustainable harvest cannot be sustained. To supply the current and future market, we must develop separate, traceable P. africana bark supply chains based on cultivated stocks. More Cameroonian small-scale farmers cultivate P. africana than farmers in any other country. This change requires CITES and EU support and would catalyze P. africana cultivation in Cameroon, doubling farm-gate prices to harvesters – from the current FCFA 150 per kg (USD 0.33) received by wild bark harvesters to FCFA 294 per kg (USD 0.66 ) – that could be paid to farmers after a 15% traceability cost was deducted.
People, Power, and Profits: Progressive Capitalism for an Age of Discontent
Author: Joseph E. Stiglitz
Publisher: W. W. Norton & Company
ISBN: 1324004223
Category : Business & Economics
Languages : en
Pages : 407
Book Description
“Urgent work, by the foremost champion of ‘progressive capitalism.’ ” —The New Yorker An authoritative account of the dangers of unfettered markets and monied politics, People, Power, and Profits shows us an America in crisis. The American people, however, are far from powerless, and Joseph Stiglitz provides an alternative path forward through his vision of progressive capitalism, with a comprehensive set of political and economic changes.
Publisher: W. W. Norton & Company
ISBN: 1324004223
Category : Business & Economics
Languages : en
Pages : 407
Book Description
“Urgent work, by the foremost champion of ‘progressive capitalism.’ ” —The New Yorker An authoritative account of the dangers of unfettered markets and monied politics, People, Power, and Profits shows us an America in crisis. The American people, however, are far from powerless, and Joseph Stiglitz provides an alternative path forward through his vision of progressive capitalism, with a comprehensive set of political and economic changes.
Power, Pleasure, and Profit
Author: David Wootton
Publisher: Harvard University Press
ISBN: 0674989902
Category : Political Science
Languages : en
Pages : 401
Book Description
A provocative history of the changing values that have given rise to our present discontents. We pursue power, pleasure, and profit. We want as much as we can get, and we deploy instrumental reasoning—cost-benefit analysis—to get it. We judge ourselves and others by how well we succeed. It is a way of life and thought that seems natural, inevitable, and inescapable. As David Wootton shows, it is anything but. In Power, Pleasure, and Profit, he traces an intellectual and cultural revolution that replaced the older systems of Aristotelian ethics and Christian morality with the iron cage of instrumental reasoning that now gives shape and purpose to our lives. Wootton guides us through four centuries of Western thought—from Machiavelli to Madison—to show how new ideas about politics, ethics, and economics stepped into a gap opened up by religious conflict and the Scientific Revolution. As ideas about godliness and Aristotelian virtue faded, theories about the rational pursuit of power, pleasure, and profit moved to the fore in the work of writers both obscure and as famous as Hobbes, Locke, and Adam Smith. The new instrumental reasoning cut through old codes of status and rank, enabling the emergence of movements for liberty and equality. But it also helped to create a world in which virtue, honor, shame, and guilt count for almost nothing, and what matters is success. Is our world better for the rise of instrumental reasoning? To answer that question, Wootton writes, we must first recognize that we live in its grip.
Publisher: Harvard University Press
ISBN: 0674989902
Category : Political Science
Languages : en
Pages : 401
Book Description
A provocative history of the changing values that have given rise to our present discontents. We pursue power, pleasure, and profit. We want as much as we can get, and we deploy instrumental reasoning—cost-benefit analysis—to get it. We judge ourselves and others by how well we succeed. It is a way of life and thought that seems natural, inevitable, and inescapable. As David Wootton shows, it is anything but. In Power, Pleasure, and Profit, he traces an intellectual and cultural revolution that replaced the older systems of Aristotelian ethics and Christian morality with the iron cage of instrumental reasoning that now gives shape and purpose to our lives. Wootton guides us through four centuries of Western thought—from Machiavelli to Madison—to show how new ideas about politics, ethics, and economics stepped into a gap opened up by religious conflict and the Scientific Revolution. As ideas about godliness and Aristotelian virtue faded, theories about the rational pursuit of power, pleasure, and profit moved to the fore in the work of writers both obscure and as famous as Hobbes, Locke, and Adam Smith. The new instrumental reasoning cut through old codes of status and rank, enabling the emergence of movements for liberty and equality. But it also helped to create a world in which virtue, honor, shame, and guilt count for almost nothing, and what matters is success. Is our world better for the rise of instrumental reasoning? To answer that question, Wootton writes, we must first recognize that we live in its grip.
International Energy Markets
Author: Carol Ann Dahl
Publisher: PennWell Books
ISBN:
Category : Business & Economics
Languages : en
Pages : 618
Book Description
This book is designed to provide the economic skills to make better management or policy decisions relating to energy. It requires a knowledge of calculus and contains a toolbox of models along with institutional, technological and historical information for oil, coal, electricity, and renewable energy resources.
Publisher: PennWell Books
ISBN:
Category : Business & Economics
Languages : en
Pages : 618
Book Description
This book is designed to provide the economic skills to make better management or policy decisions relating to energy. It requires a knowledge of calculus and contains a toolbox of models along with institutional, technological and historical information for oil, coal, electricity, and renewable energy resources.
Power Your Profits
Author: Susie Carder
Publisher: Simon and Schuster
ISBN: 1982137703
Category : Business & Economics
Languages : en
Pages : 336
Book Description
Discover how to create “success in all aspects of life and business” (Lisa Nichols, New York Times bestselling author) with this comprehensive, bulletproof plan for taking your business from startup mode to the multi-million-dollar mark straight from the inventor of the Predictable Success Method™. In the United States, most small business owners struggle daily to make ends meet. Two-thirds of businesses earn less than $25,000 a year. Thankfully, Susie Carder—entrepreneur and business coach to everyone from Steve Harvey to Paul Mitchell—has developed the ultimate formula for incredible success. But she didn’t create it overnight. Susie Carder was at rock bottom financially during the Great Recession of 2008 when she was inspired to dig in and rebuild her fortune from the ground up. Today, she takes what she learned during that difficult time and shares her radical business strategies that have helped countless entrepreneurs and small business owners increase their revenues by more than 3,000%. As the creator of the Predictable Success Method™, Carder has a proven, twenty-year track record that includes building two $10 million companies herself, which she later sold. Filled with clear-eyed and practical advice, Power Your Profits teaches you how to run your daily operations, understand your finances, account for sales, and employ marketing systems that lead to predictable and substantial revenue and profit growth. And now, she’s sharing her hard-won wisdom—worth $5,000 an hour in coaching fees—with you.
Publisher: Simon and Schuster
ISBN: 1982137703
Category : Business & Economics
Languages : en
Pages : 336
Book Description
Discover how to create “success in all aspects of life and business” (Lisa Nichols, New York Times bestselling author) with this comprehensive, bulletproof plan for taking your business from startup mode to the multi-million-dollar mark straight from the inventor of the Predictable Success Method™. In the United States, most small business owners struggle daily to make ends meet. Two-thirds of businesses earn less than $25,000 a year. Thankfully, Susie Carder—entrepreneur and business coach to everyone from Steve Harvey to Paul Mitchell—has developed the ultimate formula for incredible success. But she didn’t create it overnight. Susie Carder was at rock bottom financially during the Great Recession of 2008 when she was inspired to dig in and rebuild her fortune from the ground up. Today, she takes what she learned during that difficult time and shares her radical business strategies that have helped countless entrepreneurs and small business owners increase their revenues by more than 3,000%. As the creator of the Predictable Success Method™, Carder has a proven, twenty-year track record that includes building two $10 million companies herself, which she later sold. Filled with clear-eyed and practical advice, Power Your Profits teaches you how to run your daily operations, understand your finances, account for sales, and employ marketing systems that lead to predictable and substantial revenue and profit growth. And now, she’s sharing her hard-won wisdom—worth $5,000 an hour in coaching fees—with you.
Profit Power Economics
Author: Mia De Kuijper
Publisher:
ISBN: 0195171632
Category : Business & Economics
Languages : en
Pages : 321
Book Description
A new economy is emerging from the global financial crisis. In this groundbreaking book, seasoned executive and Harvard-trained economist Mia de Kuijper guides readers through the fundamentals of this economy and explains how companies and individuals can create sustainable wealth now. The key is wielding one of twelve contemporary sources of profit power. Control just one and you are on the road to high returns. Turning profit power into sustainable wealth requires new strategies, enumerated here, for choosing and valuing investments, structuring and managing global enterprises, confronting competitive threats, and navigating markets which may increasingly display power law dynamics and where distributions may have "fat tails." To derive this book's unique framework for achieving high returns, de Kuijper rethought parts of economic theory itself in light of the most transformative force in the new economy (dubbed the Transparent Economy by de Kuijper), namely the vanishing cost of information and connectivity. Based on original research and illustrated with lively lessons from the experiences of the author and other successful investors and leaders, Profit Power Economics draws a detailed picture of the new competitive arena and gives readers a step-by-step approach to build (or find) exceptionally high-return enterprises and to utilize today's shifting market dynamics to influence choice and build wealth.
Publisher:
ISBN: 0195171632
Category : Business & Economics
Languages : en
Pages : 321
Book Description
A new economy is emerging from the global financial crisis. In this groundbreaking book, seasoned executive and Harvard-trained economist Mia de Kuijper guides readers through the fundamentals of this economy and explains how companies and individuals can create sustainable wealth now. The key is wielding one of twelve contemporary sources of profit power. Control just one and you are on the road to high returns. Turning profit power into sustainable wealth requires new strategies, enumerated here, for choosing and valuing investments, structuring and managing global enterprises, confronting competitive threats, and navigating markets which may increasingly display power law dynamics and where distributions may have "fat tails." To derive this book's unique framework for achieving high returns, de Kuijper rethought parts of economic theory itself in light of the most transformative force in the new economy (dubbed the Transparent Economy by de Kuijper), namely the vanishing cost of information and connectivity. Based on original research and illustrated with lively lessons from the experiences of the author and other successful investors and leaders, Profit Power Economics draws a detailed picture of the new competitive arena and gives readers a step-by-step approach to build (or find) exceptionally high-return enterprises and to utilize today's shifting market dynamics to influence choice and build wealth.
Profits from Power
Author: Frederick C. Lane
Publisher: State University of New York Press
ISBN: 1438410026
Category : Social Science
Languages : en
Pages : 138
Book Description
"Of the many sources of power, these essays deal with only one: physical violence and the threat of violence exerted by some men over others." Thus Frederic C. Lane introduces his essays on profits and protection rent, or the cost of protecting economic activities from the disruption of violence. With the theme of protection rent, Lane analyzes both particular cases, such as the development of trade in the West Indies and the prosperity of sixteenth-century Venice, and general questions, such as the role of capitalism in economic development and the economic relationships of the West to the rest of the world. In prose that is always graceful and clear, Lane presents his thoughts from many years of study that will be stimulating to sociologists and anthropologists, as well as to economic historians.
Publisher: State University of New York Press
ISBN: 1438410026
Category : Social Science
Languages : en
Pages : 138
Book Description
"Of the many sources of power, these essays deal with only one: physical violence and the threat of violence exerted by some men over others." Thus Frederic C. Lane introduces his essays on profits and protection rent, or the cost of protecting economic activities from the disruption of violence. With the theme of protection rent, Lane analyzes both particular cases, such as the development of trade in the West Indies and the prosperity of sixteenth-century Venice, and general questions, such as the role of capitalism in economic development and the economic relationships of the West to the rest of the world. In prose that is always graceful and clear, Lane presents his thoughts from many years of study that will be stimulating to sociologists and anthropologists, as well as to economic historians.
Bottleneckers
Author: William Mellor
Publisher: Encounter Books
ISBN: 1594039089
Category : Business & Economics
Languages : en
Pages : 289
Book Description
Bottlenecker (n): a person who advocates for the creation or perpetuation of government regulation, particularly an occupational license, to restrict entry into his or her occupation, thereby accruing an economic advantage without providing a benefit to consumers. The Left, Right, and Center all hate them: powerful special interests that use government power for their own private benefit. In an era when the Left hates “fat cats” and the Right despises “crony capitalists,” now there is an artful and memorable one-word pejorative they can both get behind: bottleneckers. A “bottlenecker” is anyone who uses government power to limit competition and thereby reap monopoly profits and other benefits. Bottleneckers work with politicians to constrict competition, entrepreneurial innovation, and opportunity. They thereby limit consumer choice; drive up consumer prices; and they support politicians who willingly overstep the constitutional limits of their powers to create, maintain, and expand these anticompetitive bottlenecks. The Institute for Justice’s new book Bottleneckers coins a new word in the American lexicon, and provides a rich history and well-researched examples of bottleneckers in one occupation after another—from alcohol distributors to taxicab cartels—pointing the way to positive reforms.
Publisher: Encounter Books
ISBN: 1594039089
Category : Business & Economics
Languages : en
Pages : 289
Book Description
Bottlenecker (n): a person who advocates for the creation or perpetuation of government regulation, particularly an occupational license, to restrict entry into his or her occupation, thereby accruing an economic advantage without providing a benefit to consumers. The Left, Right, and Center all hate them: powerful special interests that use government power for their own private benefit. In an era when the Left hates “fat cats” and the Right despises “crony capitalists,” now there is an artful and memorable one-word pejorative they can both get behind: bottleneckers. A “bottlenecker” is anyone who uses government power to limit competition and thereby reap monopoly profits and other benefits. Bottleneckers work with politicians to constrict competition, entrepreneurial innovation, and opportunity. They thereby limit consumer choice; drive up consumer prices; and they support politicians who willingly overstep the constitutional limits of their powers to create, maintain, and expand these anticompetitive bottlenecks. The Institute for Justice’s new book Bottleneckers coins a new word in the American lexicon, and provides a rich history and well-researched examples of bottleneckers in one occupation after another—from alcohol distributors to taxicab cartels—pointing the way to positive reforms.
Grow
Author: Jim Stengel
Publisher: Crown Currency
ISBN: 0307720373
Category : Business & Economics
Languages : en
Pages : 338
Book Description
Ten years of research uncover the secret source of growth and profit … Those who center their business on improving people’s lives have a growth rate triple that of competitors and outperform the market by a huge margin. They dominate their categories, create new categories and maximize profit in the long term. Pulling from a unique ten year growth study involving 50,000 brands, Jim Stengel shows how the world's 50 best businesses—as diverse as Method, Red Bull, Lindt, Petrobras, Samsung, Discovery Communications, Visa, Zappos, and Innocent—have a cause and effect relationship between financial performance and their ability to connect with fundamental human emotions, hopes, values and greater purposes. In fact, over the 2000s an investment in these companies—“The Stengel 50”—would have been 400 percent more profitable than an investment in the S&P 500. Grow is based on unprecedented empirical research, inspired (when Stengel was Global Marketing Officer of Procter & Gamble) by a study of companies growing faster than P&G. After leaving P&G in 2008, Stengel designed a new study, in collaboration with global research firm Millward Brown Optimor. This study tracked the connection over a ten year period between financial performance and customer engagement, loyalty and advocacy. Then, in a further investigation of what goes on in the “black box” of the consumer’s mind, Stengel and his team tapped into neuroscience research to look at customer engagement and measure subconscious attitudes to determine whether the top businesses in the Stengel Study were more associated with higher ideals than were others. Grow thus deftly blends timeless truths about human behavior and values into an action framework – how you discover, build, communicate, deliver and evaluate your ideal. Through colorful stories drawn from his fascinating personal experiences and “deep dives” that bring out the true reasons for such successes as the Pampers, HP, Discovery Channel, Jack Daniels and Zappos, Grow unlocks the code for twenty-first century business success.
Publisher: Crown Currency
ISBN: 0307720373
Category : Business & Economics
Languages : en
Pages : 338
Book Description
Ten years of research uncover the secret source of growth and profit … Those who center their business on improving people’s lives have a growth rate triple that of competitors and outperform the market by a huge margin. They dominate their categories, create new categories and maximize profit in the long term. Pulling from a unique ten year growth study involving 50,000 brands, Jim Stengel shows how the world's 50 best businesses—as diverse as Method, Red Bull, Lindt, Petrobras, Samsung, Discovery Communications, Visa, Zappos, and Innocent—have a cause and effect relationship between financial performance and their ability to connect with fundamental human emotions, hopes, values and greater purposes. In fact, over the 2000s an investment in these companies—“The Stengel 50”—would have been 400 percent more profitable than an investment in the S&P 500. Grow is based on unprecedented empirical research, inspired (when Stengel was Global Marketing Officer of Procter & Gamble) by a study of companies growing faster than P&G. After leaving P&G in 2008, Stengel designed a new study, in collaboration with global research firm Millward Brown Optimor. This study tracked the connection over a ten year period between financial performance and customer engagement, loyalty and advocacy. Then, in a further investigation of what goes on in the “black box” of the consumer’s mind, Stengel and his team tapped into neuroscience research to look at customer engagement and measure subconscious attitudes to determine whether the top businesses in the Stengel Study were more associated with higher ideals than were others. Grow thus deftly blends timeless truths about human behavior and values into an action framework – how you discover, build, communicate, deliver and evaluate your ideal. Through colorful stories drawn from his fascinating personal experiences and “deep dives” that bring out the true reasons for such successes as the Pampers, HP, Discovery Channel, Jack Daniels and Zappos, Grow unlocks the code for twenty-first century business success.
The Power of And
Author: R. Edward Freeman
Publisher: Columbia University Press
ISBN: 0231547897
Category : Business & Economics
Languages : en
Pages : 202
Book Description
The idea that business is only about the money doesn’t hold true in the twenty-first century, when companies around the world are giving up traditional distinctions in order to succeed. Yet our expectations for businesses remain under the sway of an outdated worldview that emphasizes profits for shareholders above all else. The Power of And offers a new narrative about the nature of business, revealing the focus on responsibility and ethics that unites today’s most influential ideas and companies. R. Edward Freeman, Kirsten E. Martin, and Bidhan L. Parmar detail an emerging business model built on five key concepts: prioritizing purpose as well as profits; creating value for stakeholders as well as shareholders; seeing business as embedded in society as well as markets; recognizing people’s full humanity as well as their economic interests; and integrating business and ethics into a more holistic model. Drawing on examples across companies, industries, and countries, they show that these values support persevering in hard times and prospering over the long term. Real-world success stories disprove the conventional wisdom that there are unavoidable trade-offs between acting ethically and succeeding financially. The Power of And presents a conceptual revolution about what it means for business to be responsible, providing a new story for us to tell in order to help all kinds of companies thrive.
Publisher: Columbia University Press
ISBN: 0231547897
Category : Business & Economics
Languages : en
Pages : 202
Book Description
The idea that business is only about the money doesn’t hold true in the twenty-first century, when companies around the world are giving up traditional distinctions in order to succeed. Yet our expectations for businesses remain under the sway of an outdated worldview that emphasizes profits for shareholders above all else. The Power of And offers a new narrative about the nature of business, revealing the focus on responsibility and ethics that unites today’s most influential ideas and companies. R. Edward Freeman, Kirsten E. Martin, and Bidhan L. Parmar detail an emerging business model built on five key concepts: prioritizing purpose as well as profits; creating value for stakeholders as well as shareholders; seeing business as embedded in society as well as markets; recognizing people’s full humanity as well as their economic interests; and integrating business and ethics into a more holistic model. Drawing on examples across companies, industries, and countries, they show that these values support persevering in hard times and prospering over the long term. Real-world success stories disprove the conventional wisdom that there are unavoidable trade-offs between acting ethically and succeeding financially. The Power of And presents a conceptual revolution about what it means for business to be responsible, providing a new story for us to tell in order to help all kinds of companies thrive.