By Joseph L. Bower
How can capitalism be sustained? And who should still spearhead the trouble? Critics flip to executive. In Capitalism at Risk, Harvard enterprise college professors Joseph Bower, Herman Leonard, and Lynn Paine argue that whereas governments needs to play a job, companies may still take the lead. For enterprising companieswhether huge multinationals, validated local avid gamers, or small start-upsthe present threats to marketplace capitalism current very important opportunities.
Capitalism at Risk attracts on discussions with enterprise leaders worldwide to spot ten power disruptors of the worldwide industry approach. featuring examples of businesses already creating a distinction, the authors clarify how company needs to serve either as innovator and activistdeveloping company options that impact switch on the neighborhood, nationwide, and overseas levels.
Filled with wealthy insights, Capitalism at Risk offers a compelling and positive imaginative and prescient for the way forward for industry capitalism.
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Additional info for Capitalism at Risk: Rethinking the Role of Business
4 This progress can be attributed to several major forces, but most observers would probably begin with the internationalist perspective guiding those in charge of rebuilding after World War II. Former colonies became nations, and nations chose to organize their relationships among themselves through a series of agreements and institutions that were historically unprecedented. Faced with the appalling destruction of the war, the leaders of major nations sought to create organizations that would prevent a recurrence.
Although the study—the output of a major effort—has not yet been fully redone with input from the ﬁnancial crisis, some postcrisis analysis conducted by the World Bank indicates that the long-term outlook has changed very little. While the near-term forecasts prepared before the crisis now seem to be somewhat optimistic, the long-term model continues to provide a useful picture of the world we are headed for. This conclusion may seem counterintuitive, given the sharp economic downturn experienced by many countries in the wake of the crisis.
Even after the impact of the 2008 ﬁnancial crisis is considered, long-term prospects show reasonable growth. The global middle class grows, and the gap between the mature, rich nations and the growing, developing nations narrows. But there are also challenges. The beneﬁts of growth will not be evenly spread across countries or within countries, and collateral damage to the environment will be signiﬁcant. Scarce resources will be consumed, and the world’s climate will continue to change. How should we view these challenges?