Re-Imagining Capitalism: Building a Responsible Long-Term Model by Dominic BartonRe-Imagining Capitalism: Building a Responsible Long-Term Model by Dominic Barton

Re-Imagining Capitalism: Building a Responsible Long-Term Model

EditorDominic Barton, Dezso Horvath, Matthias Kipping

Hardcover | October 15, 2016

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Capitalism has been an unprecedented engine of wealth creation for many centuries, leading to sustained productivity gains and long-term growth and lifting an increasing part of humanity out of poverty and subsistence. But its effects, and hence its future, have come increasingly underquestion: Is capitalism still improving the wealth and well-being for the many? Or, has it become destructive for the economy, where long-term value creation is being sacrificed to the pressures of short-termism; for society, where the gap between rich and poor has increased and opportunities tolift oneself out of poverty have dwindled; and for the natural environment, which seems increasingly under threat with unforeseen consequences for prosperity and global order?This volume reflects both the urgency of the needed action and the opportunity to achieve a wide-ranging agreement and lasting movement towards a more responsible, equitable, and sustainable model of capitalism in order to ensure its very survival. The volume is unique in that it brings togethermany of the leading proponents for a reformed, re-imagined capitalism from the fields of academia, business, and NGOs. Its contributors have been at the forefront of thought and action in regard to the future of capitalism. Both individually and collectively, they provide powerful suggestions ofwhat such a long-term oriented model of capitalism should look like and how it can be achieved. Drawing on their research and/or professional experience, they write in an accessible way aiming to reach the broad audiences required to turn a re-imagined capitalism into a reality.
Dominic Barton is the global managing director of McKinsey. Since joining the firm in 1986, Dominic has advised clients in a range of industries, including banking, consumer goods, high tech, and industrial. Before becoming global managing director, Dominic served as McKinsey's chairman in Asia from 2004-09, based in Shanghai, and led ...
Title:Re-Imagining Capitalism: Building a Responsible Long-Term ModelFormat:HardcoverDimensions:368 pages, 9.21 × 6.14 × 0 inPublished:October 15, 2016Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198785453

ISBN - 13:9780198785453


Table of Contents

1. Dominic Barton, Dezso Horvath and Matthias Kipping: Re-imagining Capitalism for the Long Term: Situating the VolumePart I. Trailblazing: The Role of Exemplary Leadership2. Paul Polman: Re-establishing Trust: Making Business with Purpose the Purpose of Business3. Kathleen McLaughlin and Doug McMillon: Business and Society: Reshaping Global Systems4. Galen G. Weston: Family Firms and "Patient Capital": Thinking in Decades, not Quarters5. Monique Leroux: Cooperatives: Stakeholder-oriented by Design, Long-term Focused by Necessity6. Ratan N. Tata (with Dirk Matten): Corporate Community Involvement in the 21st Century7. Nick Lovegrove and Matthew Thomas: Broad: The Gifts of Breadth in a World Sold on DepthPart II. Engaging: Broader Views for a Better Capitalism8. John Kay: Understanding and Misunderstanding the Triumph of Capitalism9. Andrew Crane and Dirk Matten: Engagement Required: The Changing Role of the Corporation in Society10. R. Edward Freeman, Bidhan L. Parmar, and Kirsten M. Martin: Responsible Capitalism: Business for the 21st Century11. Bryan W. Husted: Being Good and Doing Well: Not as Easy as You Think12. Lynn Stout: 'Maximizing Shareholder Value' is an Unnecessary and Unworkable Corporate Objective13. John Stackhouse: Narrowcasting: How Media and Political Disruption Changed the Economic DebatePart III. Advancing: Suggestions for the Ways Forward14. Simon Zadek: Imagining a Sustainable Financial System15. Robert G. Eccles and Birgit Spiesshofer: Integrated Reporting for a Re-Imagined Capitalism16. Edward Waitzer and Douglas Sarro: Reasonable Expectations and Fiduciary Obligations: Legal Pathways to Longer-term Thinking17. Gordon L. Clark and Michael Viehs: Corporate Social Responsibility: The Case for Active Ownership by Institutional Investors18. Bruce Simpson and Tiffany Vogel: Building the Right Long-term Approach: The Power of Aligning Leadership, Strategy, and Execution19. Richard A. Ross and D. Eleanor Westney: A New Way of Thinking About Resource Development: A Values-Based Approach20. Shawn Bohen and Gerald Chertavian: Restoring the Capitalist Promise: Opportunities in the U.S. Youth Labor MarketConclusion21. Dezso Horvath and Dominic Barton: Capitalism Re-imagined