Profit with honor : the new stage of market capitalism

Resource Information

The work Profit with honor : the new stage of market capitalism represents a distinct intellectual or artistic creation found in University of Liverpool. This resource is a combination of several types including: Work, Language Material, Books.

Label

Profit with honor : the new stage of market capitalism

Title remainder

the new stage of market capitalism

Statement of responsibility

Daniel Yankelovich

Creator

• Yankelovich, Daniel

Subject

• Capitalism -- Moral and ethical aspects
• Social responsibility of business
• Business ethics

Language

eng

Member of

• Future of American democracy
• Online access with EBA: JSTOR
• Online access with subscription: Proquest Ebook Central

Cataloging source

CaPaEBR

Dewey number

174/.4

Illustrations

illustrations

Index

index present

LC call number

HB501

LC item number

.Y364 2006eb

Literary form

non fiction

Nature of contents

• standards specifications
• bibliography

Summary expansion

This wise and optimistic book examines the rampant scandals that plague American corporations today and shows how companies can reverse the resulting climate of mistrust. By seizing the opportunity to address some of the nationsand the worldsmost serious problems, business can strengthen its reputation for integrity and service and advance to a new stage of ethical legitimacy. Daniel Yankelovich, a social scientist and an experienced member of the corporate boardroom, describes the toxic convergence of cultural and business trends that has led inexorably to corporate scandals. Yet he offers reassurance that opportunity exists for positive change. Creative business leaders can advance market capitalism to its next stage of evolution, building upon business norms that simultaneously emphasize the legitimacy of profit making and the importance of the care that companies give to employees, customers, and the larger society.The book asserts that American culture has abandoned its old tradition of enlightened self-interest, of doing well by doing good. A narrow legalism has taken over (I didnt break the law; therefore I didnt do anything wrong). Yankelovich argues that attempts to deal with such flawed ethical norms by means of more laws and regulations cannot succeed. He offers a series of case histories to show how and why stewardship ethics can strengthen individuals, corporations, the nation, and the world economy