The writer is very fast, professional and responded to the review request fast also. Thank you.
I need a response from the below statement:
Conscious capitalism is when businesses should operate ethically while they pursue profits (Kenton, 2018). Being authentic, true to your morals, and caring about your customers and stakeholders, you will have a successful company (Anderson, 2015). Ethics are a person’s moral compass and have a direct correlation to their character. An organization needs to have strong ethics so that they are providing the best service to their customers and to their stakeholders. There are 4 principles of Conscious Capitalism:
1. Conscious Leadership—Conscious leaders inspire loyalty and consistently high performance from their team (Anderson, 2015).
2. Stakeholder Orientation—A conscious leader knows that the important factor for long-term business success are the employees, customers, vendors, and the community—Take care of them all and they will take care of you (Anderson, 2015)
3. Conscious culture—make sure you surround yourself with those that share your values and ethics.
4. Higher purpose—The organization should be in business to do more than make money (Anderson, 2015). An organization should have a passion to uplift others and to do good for the community.
A manager’s ethics and values should align with the organization so that the team can increase productivity, promote customer loyalty and enhance the brand’s reputation. Leaders can help present the organization as a more trustworthy organization to stakeholders and customers.
References:
Anderson, R. M. (2015). The 4 Principles of ‘Conscious Capitalism’. Retrieved from: https://www.entrepreneur.com/article/246478
Kenton, W (2018). Conscious Capitalism. Retrieved from: https://www.investopedia.com/terms/c/conscious-capitalism.asp
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more