Running head: CONSCIOUS CAPITALISM1Conscious CapitalismNameProfessorCourseDateCONSCIOUS CAPITALISM2Conscious CapitalismConscious capitalism is the development of an economic system that is aware of theneeds and considerations of all the stakeholders including the environment (Kofman, 2006). Thisis divided into four principles, the conscious leadership, conscious culture, higher purpose, andstakeholder orientation (Burden and Warwick, 2013). Conscious capitalism enables companies towork efficiently. Some argue that governments should function as businesses in order to functionwell but in my view, governments should not work like businesses. This is because the end goalof government is not profit making. The cities of Paris, Sao Paolo and Shanghai have a boomingbusiness that is evidenced by their high GDP. My company deals in the sale of clothes online andthe prospect of expansion is enticing especially into the Shanghai market. This is because of itslarge population and its ease of access to the outside world through its port on River Yangtze.Section 1Conscious capitalism is the recognition of the reality including accountability of theeconomic purpose and system that has an integration of all the major interests of the players inthe industry. This creates an interdependency of all the stakeholders, therefore, enabling synergyto take place. This is a great advantage that makes businesses in such economies of consciouscapitalism be able to outperf ...
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