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Conscious Capitalism is very similar to regular capitalism and based of the same foundation.The difference is that it involves all the stakeholders. It also builds off of trust, collaboration, and compassion. They also want to help the environment. There are many pros for going the conscious capitalism route. When going this route you show the customers and stakeholders you really care. This is great because they will more likely want to do business with you more and have more trust in the company. They don't focus on the pure profits and make sure what they're doing is ethical. The cons would be losing sight of profits. Profits are what keep the company running. If profit is too steered away from then it can affect the company negatively.

Answer 1

It is true that conscious capitalism is very similar to capitalism it is based on the principles of capitalism and is an extended version of it. For example, if there is a small mac, the big mac is almost same as small mac with a little more ingredients in it. Capitalism was just about chasing profits and finding a competitive advantage, but conscious one tries to help the society at the same time and not just chase profits. This extended version focuses on several things such as environment, culture, ecology, social values and gives equal emphasis to all these aspects. It is also true that losing focus on profits could endanger them, which is why they try to equally distribute the concerns and focus on profits at the same time as ultimately it is a form of capitalism, one wouldnt like to do it if there are no personal gains.