Conscious Travel
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Conscious Travel
The factors driving & necessitating the emergence of a new operating model for tourism
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Creating 'Shared Value': Delivering On Social Values

Creating 'Shared Value': Delivering On Social Values | Conscious Travel | Scoop.it

"Business leaders, said Porter, should focus on creating win-win outcomes that strengthen society as well as satisfy the profit motive. They can do so by reaching out to serve broader constituencies and by being attentive to long-term social impact."

 

The World Bank blog tackles Michael Porter's "Shared Value" concept but avoids the tough question: what if "shared value" approaches bite into corporate profits? If interests of shareholders clash with interests of society, which side wins in a world rules by the financial markets?


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Capitalism with a conscience

Capitalism with a conscience | Conscious Travel | Scoop.it
In difficult economic times, is it possible to create a profitable enterprise that also generates social value for communities?

 

Interesting report at the Sustainable Business blog of the Guardian on efforts to redefine a more sustainable and equitable business.


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Uneconomics: a challenge to the power of the economics profession

Uneconomics: a challenge to the power of the economics profession | Conscious Travel | Scoop.it

"It is time to acknowledge an uncomfortable truth about the public status of economics as an expert discipline: it has grown to be far more powerful as a tool of political rhetoric, blame avoidance and elite strategy than for the empirical representation of economic life. This is damaging to politics, for it enables value judgements and political agendas to be endlessly presented in ‘factual’ terms. But it is equally damaging to economics, which is losing the authority to describe reality in a credible, disinterested, Enlightenment fashion."

 

Brilliant analysis in Open Democracy on the perverse power of economic technocrats on our democratic institutions.


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