Profit with Honor: The New Stage of Market Capitalism / Edition 1

Profit with Honor: The New Stage of Market Capitalism / Edition 1

by Daniel Yankelovich
     
 

This wise and optimistic book examines the rampant scandals that plague American corporations today and shows how companies can reverse the resulting climate of mistrust. By seizing the opportunity to address some of the nation’s—and the world’s—most serious problems, business can strengthen its reputation for integrity and service and advance

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Overview

This wise and optimistic book examines the rampant scandals that plague American corporations today and shows how companies can reverse the resulting climate of mistrust. By seizing the opportunity to address some of the nation’s—and the world’s—most serious problems, business can strengthen its reputation for integrity and service and advance to a new stage of ethical legitimacy. Daniel Yankelovich, a social scientist and an experienced member of the corporate boardroom, describes the toxic convergence of cultural and business trends that has led inexorably to corporate scandals. Yet he offers reassurance that opportunity exists for positive change. Creative business leaders can advance market capitalism to its next stage of evolution, building upon business norms that simultaneously emphasize the legitimacy of profit making and the importance of the care that companies give to employees, customers, and the larger society.
 
The book asserts that American culture has abandoned its old tradition of enlightened self-interest, of “doing well by doing good.” A narrow legalism has taken over (“I didn’t break the law; therefore I didn’t do anything wrong”). Yankelovich argues that attempts to deal with such flawed ethical norms by means of more laws and regulations cannot succeed. He offers a series of case histories to show how and why stewardship ethics can strengthen individuals, corporations, the nation, and the world economy.

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Product Details

ISBN-13:
9780300122602
Publisher:
Yale University Press
Publication date:
06/28/2007
Series:
The Future of American Democracy Series
Edition description:
New Edition
Pages:
208
Sales rank:
1,241,572
Product dimensions:
5.00(w) x 8.00(h) x 0.50(d)

Table of Contents

Contents

Preface: Short Books and Their Authors....................ix
Introduction: How to Profit from the Scandals....................1
Part One Framing the Problem ONE The Wrong Way to Stop the Scandals....................23
TWO Screwed Again....................34
THREE Unenlightened Self-Interest....................45
FOUR Yesterday's versus Today's Ethical Norms....................57
FIVE Two Incomplete Visions....................69
Part Two Moving toward a New Stage of Market Capitalism through Stewardship Ethics SIX Unpacking Stewardship Ethics....................83
SEVEN The Vision of Stewardship Ethics....................104
EIGHT What to Do about Shareholder Value....................119
NINE Restoring Gatekeeper Integrity....................134
TEN Hummer versus Hybrid....................146
Appendix: Daniel Yankelovich's Directorships and Trusteeships....................171
Notes....................173
Bibliography....................177
Index....................181

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