Are you a Compassionate & Conscious Capitalist?
KARL R. LAPAN, PRESIDENT AND CEO OF THE NIIC. If you’re in business for the sole purpose of making money, you’re are ignoring other important stakeholders vital to a healthy business and positive bottom line. If your motivation is to help people first and foremost while making a living at the same time, you’re onto something. I believe capitalism and intentional altruism can and do intersect.
It might also turn out that they might also be more successful financially. Buffet and Collins often remind us that saying no distinguishes super-successful people from successful people. Going above and beyond: Compassionate capitalists tend to live their life as servant leaders and are always willing to go the extra mile. People who practice this habit stand out, which in turn helps them to attract the right people, the right projects, and achieve higher personal job satisfaction. If you can incorporate even one of these principles into your life and business, I imagine you’d find great satisfaction in deeper relationships and also potentially a more robust bottom line.
This behavior has the power to inspire others, creating a chain reaction that can only add to our society as a whole. Intentionally choose to be both a conscious and compassionate capitalist leader in your business.
‘Compassionate capitalism’ urged for India
Narayan Murthy: One of the world’s most admired business leaders. Debate is currently raging throughout India over the economic policy of the new government, following a lukewarm media response and stock market jitters. Mr Murthy told BBC World Service’s The Interview programme that more had to be done to drive entrepreneurial activity. Mr Murthy is one of the world’s most admired business leaders, who gives much of his company’s wealth to charity. A growth rate of 7%-8% a year has been targeted by India’s Finance Minister Palaniappan Chidambaram.
Mr Murthy said the only way to do this was to encourage a new set of entrepreneurs. He warned this would not happen if the approach was too hard-nosed. Mr Murthy pays himself less than $50,000 a year, and said his company stresses ethical use of profits, 96% of which come from business outside of India. He recalled that when India had bordered the old Soviet Union it had been very difficult to establish his company in 1981. Infosys develops software systems for a number of global giants.
Mr Murthy said that when he set up the company, it took seven days of approval to travel outside India, and he waited a year to obtain a telephone for his office. Most importantly, they allowed foreign companies 100% equity in hi-tech companies in India.
This podcast is part one of a conversation with David Meltzer, Co-Founder and CEO at Sports1Marketing. David is an executive, author, and humanitarian best known for his work in the field of sports marketing. He is a featured speaker at conferences, corporate meetings, seminars, and other events along with being featured in The New York Times, Sporting News, Fox Business, and Bloomberg. At Terranea Resort in Los Angeles, RevThink’s Tim Thompson and Joel Pilger lead a Creative Entrepreneurs conference on BULLETPROOFING PROFITS. Knowing that being our topic, we recognized our audience might show up thinking we were going to talk only about money.
Much to everyone’s surprise, we revealed that profits in a creative firm are not about money, but rather about CHOICES and maintaining CONTROL of your business. In David’s talk, he provided us with break from all the talk of numbers plus a terrific dose of inspiration. Sharing his ideas from his books – one titled Connected To Goodness and the other titled Compassionate Capitalism – David’s message featured his stories of success, failure, redemption, and purpose.
Businesses Doing Good: “Compassionate Capitalism” Alan McMillan Tickets, Thu, Jul 19, 2018 at 10:00 AM
Alan McMillan was in the right place at the right time, Silicon Valley in years of dramatic transformation into the information age. He rode the crest of of the wave in sales and management and lived through the adreniline laced experiences of fianancial successes, job loss, getting re-hired, and then turned his life from success to significance when he returned with his wife, Kateri, to Athens, OH where he had attended Ohio University. Alan and Kateri bought a student apartment building and a convenience store with a rentable space for a restaurant. As they turned their hearts toward the needs of others, there was opportunity, and also a new vision of how compassion can be expressed through the way business is done. Alan McMillan is is the Vice President for Enrollment and Student Development at Hocking College and is an Adjunct Professor in Business at Ohio University in Athens, OH.
From Sustainable to Flourishing Businesses and Communities.
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