Entrepreneurial Approach to Stewardship Accountabilityn: Corporate Residual and Global Poverty

Entrepreneurial Approach to Stewardship Accountabilityn: Corporate Residual and Global Poverty

by Kenneth R Kao, Raymond W Y Kao, Rowland R Kao
     
 

ISBN-10: 9812560068

ISBN-13: 9789812560063

Pub. Date: 11/30/2004

Publisher: World Scientific Publishing Company, Incorporated

The continuation of global poverty is inextricably entwined with the fundamental philosophy of the market economy. It is driven by the individual's neverending desire for “profit”, leading to a critically imbalanced distribution of resources. As an entrepreneurial initiative, this book advocates a shift in the responsibility for relief of poverty away from

Overview

The continuation of global poverty is inextricably entwined with the fundamental philosophy of the market economy. It is driven by the individual's neverending desire for “profit”, leading to a critically imbalanced distribution of resources. As an entrepreneurial initiative, this book advocates a shift in the responsibility for relief of poverty away from the government to the private sector, and in particular to corporate entities. The concept of the “residual” is used as the cornerstone of business operations and wealth distribution. Corporate decision-makers, while making proprietary decisions for resources allocation, must assume stewardship responsibility and be accountable not just to financial investors but to all contributors of the corporate entity.

Product Details

ISBN-13:
9789812560063
Publisher:
World Scientific Publishing Company, Incorporated
Publication date:
11/30/2004
Pages:
196
Product dimensions:
6.10(w) x 9.32(h) x 0.63(d)

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