In The Media
February 22, 2013
In this book, Whole Foods Market cofounder John Mackey and professor and Conscious Capitalism, Inc. cofounder Raj Sisodia argue for the inherent good of both business and capitalism. Featuring some of today's best-known companies, they illustrate how these two forces can--and do--work most powerfully to create value for all stakeholders: including customers, employees, suppliers, investors, society, and the environment. Read more...
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In this book, Whole Foods Market cofounder John Mackey and professor and Conscious Capitalism, Inc. cofounder Raj Sisodia argue for the inherent good of both business and capitalism. Featuring some of today's best-known companies, they illustrate how these two forces can--and do--work most powerfully to create value for all stakeholders: including customers, employees, suppliers, investors, society, and the environment.
These "Conscious Capitalism" companies include Whole Foods Market, Southwest Airlines, Costco, Google, Patagonia, The Container Store, UPS, and dozens of others. We know them; we buy their products or use their services. Now it's time to better understand how these organizations use four specific tenets--"higher purpose," "stakeholder integration," "conscious leadership," and "conscious culture and management"--to build strong businesses and help advance capitalism further toward realizing its highest potential.
As leaders of the Conscious Capitalism movement, Mackey and Sisodia argue that aspiring leaders and business builders need to continue on this path of transformation--for the good of both business and society as a whole.
At once a bold defense and reimagining of capitalism and a blueprint for a new system for doing business grounded in a more evolved ethical consciousness, this book provides a new lens for individuals and companies looking to build a more cooperative, humane, and positive future.
Publishers Weekly® Reviews
- Reviewed in: Publishers Weekly, page .
- Review Date: 2012-11-26
- Reviewer: Staff
How can capitalist enterprises embrace a more socially conscious approach to doing business? Mackey, co-CEO and cofounder of Whole Foods Market, and Bentley University marketing professor Sisodia (Firms of Endearment) seek to inspire the creation of businesses galvanized by "higher purposes that serve and align the interests of all major stakeholders." To emphasize their message, they offer a fairly dry historical perspective on capitalism, occasionally enlivened by stories from the early days of Whole Foods, including "showering" in a Hobart dishwasher and devastating floods that nearly bankrupted the company. The authors show how other organizations, including Waste Management and the Tata Group, operate with a conscious capitalism mindset and reap tremendous value. They identify four tenets of conscious capitalismâhigher purpose, loyal customers, conscious leadership, and conscious cultureâand offer guidance on related issues. The most challenging of these tenets involves stakeholders, and the authors rightly devote attention to the challenge of creating a win for all, including team members, environment, and community. Mackey and Sisodia make a valiant effort to redeem a practice often tainted by greed and corruption and show that if the individuals managing the system commit to conscious capitalism, everyone benefits. Agent: Rafe Sagalyn, Sagalyn Literary Agency. (Jan.)