1st Edition

Socially Responsible Capitalism and Management

    202 Pages
    by Routledge

    202 Pages
    by Routledge

    In the current crisis context, capitalism is questioned by its detractors or defended by its partisans. The concept of Socially Responsible Capitalism (SRC) is based on the entrepreneurial spirit. It encourages exemplary behaviors, such as effective, efficient and ethical behaviors, by stimulating social responsibility of companies and organizations. This is combined with the development of economic empowerment and legitimate efforts of each citizen-actor.

    Socially Responsible Capitalism and Management does not confuse financial capitalism and entrepreneurial capitalism. The first one improves the creation of artificial value which leads to financial bubbles that periodically burst and bankrupt the real economy. Quite the reverse, entrepreneurial capitalism creates both solid economic value and employment. This is justified by the production of goods and services that meet legitimate needs of consumer-citizens.

    This book shows that by putting Human Beings at the heart of action enables producing sustainable economic value, and anthropological values which are inseparable. The innovative aspect of this book lies in its analysis starting from the macro-economic level to the individual one, by presenting a detailed analysis of the micro-economic level of companies within its managerial issues. Socially Responsible Capitalism and Management is dedicated to present the different aspects of SRC for the Society, companies and organizations and also individual actors, as citizens, producers and consumers.

    Part 1: Socially Responsible Capitalism in Society

    1. Financial Capitalism versus Entrepreneurial Capitalism

    2. Forerunners of Socially Responsible Capitalism Concept

    Part 2: Socially Responsible Enterprises and Organizations

    3. Socio-Economic Approach to Management, a Socially Responsible Organizational Approach

    4. The Core Concept of Human Potential

    5. Challenging the Socially Responsible Capitalism Organization

    Part 3: Socially Responsible Individual: Value(S) Producer and Consumer

    6. The Citizen-Producer-Consumer of Social Values and Economic Value


    Henri Savall is an Emeritus Professor at the Institut d’Administration des Entreprises, University Jean Moulin Lyon,  France where he is the founder of the EUGINOV Centre (École Universitaire de Gestion Innovante) and the Socio-Economic Management Master’s programs. He is also the founder and president of the ISEOR Research Center where he supervised 78 doctoral theses.

    Michel Péron was an Emeritus Professor at the University of Paris III Sorbonne Nouvelle, France. Lexicographer, he published several English-French dictionaries. He unfortunately passed away two weeks before the French version was published.

    Véronique Zardet is a Professor of Management Sciences and director of EUGINOV (École Universitaire de Gestion Innovante) Center, IAE Lyon Business School, Jean Moulin University, France.

    Marc Bonnet is Professor of Management at EUGINOV Center, IAE Lyon Business School, Jean Moulin University, France.

    "As the income gap between the ultra-rich and the other 99% grows, many are questioning whether capitalism has to be so inequitable. Others challenge the viability of capitalism as we know it. This book presents an alternate economic reality, drawn from European economic thought. Specifically it refutes the common belief that the sole purpose of work is profit, which we might call socially irresponsible capitalism. In socially responsible capitalism, work is to serve employees and society as well as owners. This book will be hated by people motivated by greed, and embraced by those who practice servant leadership or rejoice in the economic teaching of Pope Francis." –John Conbere, University of St. Thomas, USA

    "In this time of increasing ecological problems, technological revolution, and change in the workforce, the focus of businesses is shifting from solely being on the profit to how businesses develop their people and contribute to the society. The Millennials are challenging and scrutinizing the common premises of traditional business and management. We need to develop socially responsible organizations that would invest in their people and communities. Socio-economic management helps to grow socially responsible organizations, but also changes a mental model of traditional business and management. Socially responsible organizations by employing socio-economic management can bring together profit-oriented capitalism and care for human beings."Alla Heorhiadi, University of St. Thomas, USA