BAET 20300 Lecture Notes - Lecture 11: Impact Investing, Multistakeholder Governance Model, Gender Inequality
22 Jan 2016
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Document Summary
How can we use what we know to improve the well-being of ourselves and others? o o o o o o o o o o o o o o o. Conscious capitalism- a higher purpose o value for all of the major constituencies. Purpose aligns stakeholders shareholders, and others alike to create. Need to have a purpose in a company bc it energizes ppl. Ex) disney: to use our imaginations to bring happiness to millions. Most powerful when aligned with what it means to be human (uplifting, moral) identity. When becomes primarily about making profit, starts to lose true. Frankl: we can discover meaning in our lives by: 1. doing work that matters, 2. loving others unconditionally, 3. finding meaning in suffering. Profits are the outcomes of doing business with a higher purpose. Harder for profit driven companies to recover from slumps. Purpose driven remain true to purpose even when times are bad.
