The Changing Tide of Conscious Capitalism…..

Understanding Conscious Capitalism…

The idea that a growing economy benefits all classes has a long history of acceptance. It has been embodied in political mystery for the past half-century, regardless of party, John F. Kennedy is credited with the saying, “A rising tide lifts all boats.”

Conscious Capitalism is a fast growing global movement around a business philosophy that has four key characteristics:

Higher Purpose –  Business can and should be done with a higher purpose in mind, not just with a view to maximizing profits. A compelling sense of purpose creates an extraordinary degree of engagement for stakeholders and creates organizational energy.

Stakeholder Orientation – Conscious businesses are managed for the simultaneous benefit of all of their stakeholders, represented by the acronym SPICE: Society, Partners, Investors, Customers, and Employees. A conscious business aligns the interests of all stakeholders, so that what is good for one is good for all.

Conscious Leadership – Driven primarily by service to the company’s purpose rather than by power or money, conscious leaders lead by mentoring, motivating, developing and inspiring people, not through command-and-control.

Conscious Culture –  Defined by the acronym TACTILE: Trust, Authenticity, Caring, Transparency, Integrity, Learning and Empowerment, the word tactile also suggests values of these.companies are tangible to their stakeholders as well as to outside observers; you can feel the difference when you walk into a conscious business versus one that is purely driven by a profit motive and just for the benefit of shareholders.

Above all, conscious capitalism involves integrity and higher standards.  It’s a growing and powerful movement that is becoming a norm in businesses small and large.

By Jack Stieber –  President – American Receivable







Share on facebook
Share on twitter
Share on linkedin

More Posts

thank you

We Are Thankful for You

American Receivable is thankful for our amazing clients, as well as our referral sources, service providers and employees who have been vital to the success

veterans day

Celebrating Veterans Day

Veterans Day is a well know American Holiday. It was originally known as Armistice Day, commemorating the end fighting of World War I on November