Re-Imagining Capitalism
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Re-Imagining Capitalism

Re-Imagining Capitalism


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About the Book

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 proportion of humanity out of poverty. But its effects, and hence its future, have come increasingly under question: Is capitalism still improving wealth and well-being for the many? Or, is long-term value creation being sacrificed to the pressures of short-termism, with potentially far-reaching consequences for society, the natural environment, prosperity, and global order? Building on a collaboration between the Schulich School of Business and global management consultancy McKinsey & Company, this volume reflects both the urgency of the needed action and the tremendous opportunity to forge consensus and catalyze a lasting movement toward a more responsible, long-term, and sustainable model of capitalism. This unique volume brings together many of the leading proponents for a reformed, re-imagined capitalism from the Âfields 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 of what such a long-term oriented model of capitalism should look like and how it can be achieved. Drawing on their research and professional experience, they write in an accessible style aiming to reach the broad audiences required to turn a re-imagined capitalism into a reality.

Table of Contents:
1: Dominic Barton, Dezsö Horváth and Matthias Kipping: Re-imagining Capitalism for the Long Term: Situating the Volume Part I. Trailblazing: The Role of Exemplary Leadership 2: Paul Polman: Re-establishing Trust: Making Business with Purpose the Purpose of Business 3: Kathleen McLaughlin and Doug McMillon: Business and Society: Reshaping Global Systems 4: Galen G. Weston: Family Firms and "Patient Capital": Thinking in Decades, not Quarters 5: Monique Leroux: Cooperatives: Stakeholder-oriented by Design, Long-term Focused by Necessity 6: Ratan N. Tata (with Dirk Matten): Corporate Community Involvement in the 21st Century 7: Nick Lovegrove and Matthew Thomas: Broad: The Gifts of Breadth in a World Sold on Depth Part II. Engaging: Broader Views for a Better Capitalism 8: John Kay: Understanding and Misunderstanding the Triumph of Capitalism 9: Andrew Crane and Dirk Matten: Engagement Required: The Changing Role of the Corporation in Society 10: R. Edward Freeman, Bidhan L. Parmar, and Kirsten M. Martin: Responsible Capitalism: Business for the 21st Century 11: Bryan W. Husted: Being Good and Doing Well: Not as Easy as You Think 12: Lynn Stout: 'Maximizing Shareholder Value' is an Unnecessary and Unworkable Corporate Objective 13: John Stackhouse: Narrowcasting: How Media and Political Disruption Changed the Economic Debate Part III. Advancing: Suggestions for the Ways Forward 14: Simon Zadek: Imagining a Sustainable Financial System 15: Robert G. Eccles and Birgit Spiesshofer: Integrated Reporting for a Re-Imagined Capitalism 16: Edward Waitzer and Douglas Sarro: Reasonable Expectations and Fiduciary Obligations: Legal Pathways to Longer-term Thinking 17: Gordon L. Clark and Michael Viehs: Corporate Social Responsibility: The Case for Active Ownership by Institutional Investors 18: Bruce Simpson and Tiffany Vogel: Building the Right Long-term Approach: The Power of Aligning Leadership, Strategy, and Execution 19: Richard A. Ross and D. Eleanor Westney: A New Way of Thinking About Resource Development: A Values-Based Approach 20: Shawn Bohen and Gerald Chertavian: Restoring the Capitalist Promise: Opportunities in the U.S. Youth Labor Market Conclusion 21: Dezsö Horváth and Dominic Barton: Capitalism Re-imagined

About the Author :
Dominic Barton is the Global Managing Partner of McKinsey. In his 30 years at the rm, Dominic has advised clients in a range of industries, including banking, consumer goods, high tech, and industrial. Dominic leads McKinseys work on the future of capitalism, long-term value creation, and the role of business leadership in society. He has authored more than 80 articles on business in society, leadership, nancial services, Asia, history, and the issues and opportunities facing markets worldwide. He is the co-author, with Roberto Newell and Greg Wilson, of Dangerous Markets: Managing in Financial Crises (Wiley & Sons, 2002). His most recent book is China Vignettes: An Inside Look at China (Talisman, 2007). Dezsö Horváth is Dean and Tanna H. Schulich Chair in Strategic Management at the Schulich School of Business, York University, where he has been a member of the faculty since 1977. In addition to his role as Dean, Dr. Horváth is a director of a number of companies and organizations and serves on the advisory board of various business schools around the world. He was named 2004 Dean of the Year by the Academy of International Business (AIB), the world's leading association of scholars in the field of international business. In 2008 he was made a Member of the Order of Canada. MATTHIAS KIPPING is Professor of Policy, Richard E. Waugh Chair in Business History, and Academic Director of the Kellogg-Schulich Executive MBA program at the Schulich School of Business, York University. Matthias obtained degrees in Germany, France and the US and held previous positions in the UK and Spain. His research focuses on the evolution and global transfer of management practices as well as the contribution of historical approaches to the study of management. He recently co-authored, with Lars Engwall and Behlül Üsdiken, Dening Management: Business Schools, Consultants, Media (Routledge, 2016)


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Product Details
  • ISBN-13: 9780198785453
  • Publisher: Oxford University Press
  • Binding: Hardback
  • Language: English
  • Returnable: Y
  • Weight: 722 gr
  • ISBN-10: 0198785453
  • Publisher Date: 15 Sep 2016
  • Height: 239 mm
  • No of Pages: 368
  • Spine Width: 26 mm
  • Width: 159 mm


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