Conscious Capitalism Essay

897 words - 4 pages

Conscious Capitalism: A Counter-Point

Overall I understand the inherent benefits that Conscious Capitalism brings to business and the stake-holders, but is it fair to think that the model can fit for all businesses? Businesses operate to make money, otherwise they are non-profits. Is it too much to ask profit-driven business to think more like a non-profit? I believe it is a fundamental flaw of conscious capitalism to only focus on the transformation aspect of business and leadership without realizing the transactional implications.

Before moving into the readings, I first want to investigate part of the discussion that we had in class. Specifically, the slide identifying “successful” ...view middle of the document...

Instead, we are presented with unlikely traits that we expect leaders to have in this Conscious Capitalist world.

In the article “Can compassionate capitalists really win?”, Raj Sisodia states that “There needs to be some other reason why you exist, not just to make money… aligning the stakeholders around that sense of higher purpose and recognizing that their interests are all connected to each other, and therefore there’s no exploitation of one for the benefit of another.” I believe it is a bit naïve to think that companies will only make decisions that are in the best interest of the greater good. Do the shareholders and stakeholders really not care about profit, returns, dividends, etc? Businesses are in business to make money. Why does he feel compelled to push profit-driven businesses into a non-profit business model?

In the article “Conscious Leadership: New Thinking for a Better Future”, John Renesch wants us to believe that “[Conscious Leaders] thinking is based on new assumptions – that we are all connected likes leaves on the same tree, not separate entities competing for the same resources.” The notion of putting profit-driven leaders into the conscious model is a fantasy. Let’s look at some of his comparisons: Politics vs Truth Telling, do you really want a corporate leader who does not work politics to improve the company’s image? Strong Persona vs Mostly authentic, do you really want a leader who comes across as weak and unable to command a company? Sure, these models may work for some companies but the idea that we are all going to hold hands and work for a...

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