Conscious capitalism is reflected in various manners in an organization. How does the military organization practice conscious capitalism? How could your organization further its understanding and implementation of conscious capitalism?
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ETHICS OF CONSCIOUS CAPITALISM Ethics of Conscious Capitalism Institution Affiliation Name of Professor Name of the Student Date of Submission1 ETHICS OF CONSCIOUS CAPITALISM 2 Ethics are very critical as far as conscious capitalism is concerned. Generally, conscious capitalism involves a condition at which firm leaders and managers think beyond their self interests as a way of demonstrating care to their employees and stakeholders. Alternatively,conscious capitalism involves businesses which focus on improving the interests of all major employees, customers, communities, investors as well as suppliers. Conscious capitalism is made of four critical pillars that are used by business firms in performing socially responsible and ethical-practices (Acton, 2012). These pillars are: – stakeholder, purpose, culture, and leadership.Ethics help in creating ethical leadership across all organizations which is a key component of organizations. Ethical leadership is a form of leadership which considers and respects ethical beliefs and values for firm employees and stakeholders. Therefore, ethical consideration helps firm leaders to prioritize interests of their stakeholder………. ………………………………………………………………………………………………………………….
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