Conscious Capitalism – A Radical Transformation of Business Culture
NOTE: Presentation starts early — at 6:30pm
On Monday, February 3, 02020, Professor Raj Sisodia will review the history of capitalism and its challenges and explore the concept of “conscious capitalism” focused on higher purpose, long-term thinking and collaborative, enduring and empathic relationships among all stakeholders.
Rajendra Sisodia, PhD, is the F.W. Olin Distinguished Professor of Global Business at Babson College and author of Conscious Capitalism: Liberating the Heroic Spirit of Business (2014, with John Mackey, founder and CEO of Whole Foods Market), and The
Healing Organization: Awakening the Conscience of Business to Help Save the World (2019, with Michael Gelb), as well as nine other books. He is co-founder and co-chairman of Conscious Capitalism Inc.
Join Raj and other Long Now thinkers at this Long Now Boston Conversation Series event at the Cambridge Innovation Center.
Presentation starts early — at 6:30pm. Doors open at 6pm — Come early and meet other Long Now thinkers – Tickets are available on Eventbrite: Conscious Capitalism.
Over the past two centuries, free-enterprise capitalism has delivered immense benefits to human civilization. The adjusted standard of living worldwide has increased by over 1,500 percent since 1800, while population increased more than 8,000 percent. Thanks to business activity, global trade and technological innovations, vastly more people are living longer and much more comfortable lives.
Yet capitalism faces significant challenges today and its reputation is in severe decline. According to Raj, the key problem is with the ideology that capitalism gets good results through the self-interested choices of market participants and that success is due to the “survival of the fittest.” This ideology planted the seeds that led to an increasingly short-term focus for businesses and investors in recent decades. The idea that businesses should focus on long-term goals and on the overall welfare of customers, employees, communities as well as investors, has been lost.
The solution, which Raj and his colleagues have carefully laid out, is to rebuild a business culture based on enlightened “conscious capitalism.” Businesses designed and led on the basis of conscious capitalism understand that success is a function of healthy, mutually beneficial relationships in the business ecology, including customers, suppliers, investors, employees, unions, communities, regulators, government and, critically, the natural environment on which we all rely.
Among the questions Raj will address:
- What are the key features of conscious capitalism and how is it working?
- How does a business operating under the principles of conscious capitalism deal with success and failure?
- How does conscious capitalism get enforced and reinforced in the real world?
- What would the world look like, in terms of well-being, relative inequality, poverty, health and personal fulfillment, under a fully conscious capitalist economy in a century? In a millennium?
Join the conversation and be part of the solution.
We’re proud and excited to welcome Raj Sisodia to the podium at this Long Now Boston community conversation.
Cambridge Innovation Center is an in-kind sponsor of this Long Now Boston conversation. We are very grateful for their support.