HFT 4224 Final Test With
Solution
4 tenets of conscious capitalism - ANSWER 1. higher purpose
2. stakeholder integration
3. conscious leadership
4. conscious culture and management
higher purpose - ANSWER the reason a company exists
stakeholder integration - ANSWER All stakeholders in a business
are interconnected and independent
Stakeholders are motivated by the purpose
conscious leadership - ANSWER Leadership motivated by service
Conscious culture and management - ANSWER Using a business
, approach to management
Who are the relevant stakeholders? - ANSWER Employees,
supplies, customers, investors, community, environment
What is Win6? - ANSWER When conflicts and potential trade-offs
arise between major stakeholders, conscious businesses engage in
the limitless power of human creativity to create
win-win-win-win-win-win solutions that transcend those conflicts
and create a harmony of interests among the interdependent
stakeholders.
Rawls veil of ignorance - ANSWER Imagine yourself in a conscious
intelligent state before your own birth and without any
knowledge of what your future will be
Imagine if you are not you
We wouldn't know what our lives would be like
If we knew nothing about society, which sort of society would it
feel safe to enter
Veil of ignorance doesn't have us focus on those who have done
Solution
4 tenets of conscious capitalism - ANSWER 1. higher purpose
2. stakeholder integration
3. conscious leadership
4. conscious culture and management
higher purpose - ANSWER the reason a company exists
stakeholder integration - ANSWER All stakeholders in a business
are interconnected and independent
Stakeholders are motivated by the purpose
conscious leadership - ANSWER Leadership motivated by service
Conscious culture and management - ANSWER Using a business
, approach to management
Who are the relevant stakeholders? - ANSWER Employees,
supplies, customers, investors, community, environment
What is Win6? - ANSWER When conflicts and potential trade-offs
arise between major stakeholders, conscious businesses engage in
the limitless power of human creativity to create
win-win-win-win-win-win solutions that transcend those conflicts
and create a harmony of interests among the interdependent
stakeholders.
Rawls veil of ignorance - ANSWER Imagine yourself in a conscious
intelligent state before your own birth and without any
knowledge of what your future will be
Imagine if you are not you
We wouldn't know what our lives would be like
If we knew nothing about society, which sort of society would it
feel safe to enter
Veil of ignorance doesn't have us focus on those who have done
