Question

Which of the following is true according to conscious capitalism?

Companies should operate with a holistic or systems view.

Companies that practice conscious capitalism concentrate only on giving superior results to shareholders.

People in an organization tend to closely watch what the top managers do and say.

The manager will often act more in his or her own self-interest than for the corporate interest.

The best ethics codes are legalistic or compliance driven.

Answer 1

Under conscious capitalism, an argument is proposed that the company should be working for the interest of all the stakeholders and not just working for profit maximization. This implies that the shareholders the employees and even the environment should be looked upon. Therefore a holistic approach is required

Companies should operate with a holistic or systems view.