CONSCIOUS CAPITALISM Raj Sisodia Director, Mastek Ltd. Professor - - PowerPoint PPT Presentation

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CONSCIOUS CAPITALISM Raj Sisodia Director, Mastek Ltd. Professor - - PowerPoint PPT Presentation

Oct 16, 2022 444 likes •741 views

The New Realities for Boards in the Age of CONSCIOUS CAPITALISM Raj Sisodia Director, Mastek Ltd. Professor of Marketing, Bentley University Chairman, Conscious Capitalism Institute What Capitalism has Enabled Real GDP per Capita (2000 $)

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The New Realities for Boards in the Age of

CONSCIOUS CAPITALISM

Raj Sisodia

Director, Mastek Ltd. Professor of Marketing, Bentley University Chairman, Conscious Capitalism Institute

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What Capitalism has Enabled

$467 $453 $566 $596 $615 $667 $873 $1,262 $2,113 $6,055 2010: $7,278

Real GDP per Capita (2000 $)

1750: Industrial Revolution Begins

Sources: www.VisualizingEconomics.com; Angus Maddison, University of Groningen; www.prb.org; www.worldbank.org

2000 500 1000 1500

1776: Wealth of Nations/US DoI

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Capitalism is Ending Poverty on Earth

World Population Living on <$1/Day

0% 50% 100% 1800 1950 1980 2003

Source: World Bank (2003 dollars)

If current trends continue, extreme poverty will be virtually eliminated in the next 50 years.

“One day our grandchildren will go to museums to see what poverty was like.”

Muhammad Yunus

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good because it creates value ethical because it based on voluntary exchange noble because it can elevate our existence heroic because it lifts people out of poverty Business is

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0% 5% 10% 15% 20% 25% 30% 35% 40%

Yet, Trust in Big Business has Plummeted

% of Americans with a "Great Deal" or "Quite a Lot" of Confidence in Big Business

Such cynicism and distrust have very high societal costs

Source: Gallup
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An Epidemic of Apathy

The Shame of “Management”?

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WHY has this happened?

THE WORLD has changed PEOPLE have evolved BUSINESSES have not adapted

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1989

THE WORLD CHANGES

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In 1989, for the first time in U.S. history, the majority of adults were over 40

PCG TODAY 39-49

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Who is this man? What did he do to change the world?

Tim Berners-Lee

He invented the World Wide Web in 1989

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There are now more active phone numbers than people Facebook has

  • ver 1 billion

members

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THE FLYNN EFFECT

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SLIDE 15 Peter Senge

Live in harmony with nature Fully mindful and awake Understand all the consequences of our actions Reject violence Greater commitment to the truth A finer sense of right and wrong

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“The dogmas of the quiet past are inadequate to the stormy present.”

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They must be aligned with the new realities of our world and they must embody a more conscious way of being What will it take for companies to flourish in the future?

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100% SALARY TRANSPARENCY 80% LOWER SPEND ON MARKETING 1800% RETURN OVER 10 YEARS THE FLOOD A HIGHER PURPOSE 93% STOCK OPTIONS TO NON-EXECS 19:1 SALARY CAP DECLARATION OF INTERDEPENDENCE A BUSINESS BUILT ON LOVE, NOT FEAR

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The Tenets of Conscious Capitalism

HIGHER PURPOSE STAKEHOLDER INTEGRATION CONSCIOUS LEADERSHIP CONSCIOUS CULTURE & MANAGEMENT

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LOVE JOY AUTHENTICITY CARING COMPASSION SOULFUL

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SLIDE 22 10.5-to-1 performance “FoE” (1646%) Stock Returns over a 15 Year Period (’96-’11) S&P 500 (157%)
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15 Year 10 Year 5 Year 3 Year

Cumulative Annualized Cumulative Annualized Cumulative Annualized Cumulative Annualized FoE Return

1646.1% 21% 254.4% 13.5% 56.4% 9.4% 77.4% 21.1%

GTG Return

177.5% 7% 14.0% 1.3%

  • 35.6%
  • 8.4%
  • 23.2%
  • 8.4%

S&P 500 Return

157% 6.5% 30.7% 2.7% 15.6% 2.9% 10.3% 3.3%

FoE Compared to Good to Great

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Businesses Create But Can Also Destroy Many Kinds of Wealth

intellectual financial social emotional spiritual cultural physical natural

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We are all in the same boat

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Our Opportunity

  • Those of us alive today can choose to lead

the most meaningful lives humans have ever led

  • Our challenges are greater than ever, but so

is our consciousness of those challenges and our ability to change things

  • We just need to unleash human ingenuity
  • n our challenges in a holistic, caring and

conscious way

Adapted from Lynne Twist

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Books for Conscious Capitalists

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www.ConsciousCapitalism.org

Raj.Sisodia@ConsciousCapitalism.org