Profit with honor : the new stage of market capitalism / Daniel Yankelovich.

Format:

Book

Author/Creator:

Yankelovich, Daniel.

Series:

The Future of American Democracy Series

Language:

English

Subjects (All):

Capitalism--Moral and ethical aspects.

Capitalism.

Business ethics.

Social responsibility of business.

Physical Description:

1 online resource (208 p.)

Edition:

1st ed.

Place of Publication:

New Haven : Yale University Press, c2006.

Language Note:

English

Summary:

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 nation's-and the world's-most 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 didn't break the law; therefore I didn't 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.

Contents:

The wrong way to stop the scandals

Screwed again

Unenlightened self-interest

Yesterday's versus today's ethical norms

Two incomplete visions

Unpacking stewardship ethics

The vision of stewardship ethics

What to do about shareholder value

Restoring gatekeeper integrity

Hummer versus hybrid.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (p. [177]-180) and index.

ISBN:

9786611740863

9781281740861

1281740861

9780300127423

0300127421

OCLC:

815685788