《New Book Condition + Hardcover Edition + Business Ethics or "Spiritual Capital" Is The Best Way To Achieve Ultimate Success In The Business World》Theodore Roosevelt Malloch - DOING VIRTUOUS BUSINESS : The Remarkable Success of Spiritual Enterprise
This insightful book in hardcover edition is a bran-new book and nicely wrapped with protective book-wrapper. The original new book is sold at usual price RM96.80 (Hardcover). Now here Only at RM25. Can the concept of "Spiritual Capital" actually ensure a company's success? "Every CEO should READ this book and regain the moral energy to lead both their firms and the global economy." ---Lawrence Kudlow, Host CNBC's Kudlow & Company Critics of capitalism view big businesses as insatiable masters of the universe with little regard for the public. They label those who create wealth as greedy, malicious, and unscrupulous. Doing Virtuous Business answers these charges head-on. In this insightful and original book, Theodore Roosevelt Malloch presents the bold idea that the creation of wealth by virtuous means is the most important thing that can be done for society. Doing Virtuous Business explains the true purpose of business and illuminates the connection between a free economy and religious liberty. Drawing from the notion of "social capital," which has been developed by generations of scholars, Malloch adds the concept of "spiritual capital" as a foundation for social progress and also a necessity for responsible and successful enterprise. He details the virtues that sustain a business and a free market—virtues that build up a network of trust, which is critical to the global economy. Malloch reveals that a company's soul determines its "spiritual capital," an equally imperative foundation to success. From Wal-Mart to IBM, Malloch demonstrates how companies that operate on ethical models informed by spiritual traditions have outperformed their competitors. This book is a welcome moral defense of free enterprise and a sensible guide for achieving the ideal of virtuous business. Besides making the world a better place, Malloch argues, virtuous enterprise makes companies far more successful and profitable than they otherwise would be. He presents case studies of virtuous business in the Judeo-Christian tradition as well as statistical analysis demonstrating how companies that operate on ethical models have outperformed their competitors over the long run. Business Ethics may be the butt of many a joke, but Theodore Roosevelt Malloch believes it’s not only possible, but the best way to achieve ultimate success in the business world. In fact, Malloch credits solid ethics and morals as the cornerstone of proper business activities. This spiritual capital (as he dubs it) creates a currency of sorts which serves as the lifeblood of any organization. Doing Virtuous Business is a bit headier than i expected as it delved into a number of economic principles and theories, but the context wis always clear and supported by numerous interesting and relevant real-life examples. Malloch pictures every enterprise as having a soul of its own, though this soul is clearly a reflection of the founder and/or CEO. He argues that spiritual beliefs – regardless of origin, denomination, or creed – will always provide clear guidance for leaders and employees to follow and successfully conduct their business operations. The truly spiritual enterprise will embrace a mission and vision that reflects the virtues of the leader, which include faith, honesty, respect, generosity, chastity, thrift, and charity. If nothing else, this book and school of thought should at least remind you to investigate the mission statement and history of any company for which you intend to work. All in all, Malloch provides some good insights for people at all levels of business pursuits, but, because of their influence in the company, CEO’s and executive leaders have the most to gain from applying the principles and investing spiritual capital into their company. And while there’s not necessarily a direct correlation between spiritual capital and financial capital, it certainly seems to directly affect a company’s longevity. The main thesis here that faith changes businesses by injecting 'spiritual capital'. This spiritual capital is also available to atheists and agnostics. The problem with business is that profits and success (usually measured in monetary terms) have becomes the bottom line. This chasing after profit can become self-destructing. The remedy is to look for spiritual capital. As we become aware of and promote spiritual capital then success and profits follow. For Malloch spiritual capital is not just the spiritual hunger we all feel, rather it is "faith and all that stems from it" (p. 22) and "spiritual entrepreneurship is ... the unsung route to growth in the modern economy" (p. 44). He maintains that spiritual capital has an economic function and an economic potential in the same way that human and social capital have. He examines the concept of virtue (Ch 2) and how it applies to business. The virtues of business are: faith, honesty, gratitude, perseverance, compassion, forgiveness, patience, humility, courage, respect, generosity, discipline, chastity and thrift. The most important component in spiritual entrepreneurship is faith. Faith, hope and charity are the subject of chapter 3. The virtues listed in chapter 2 are split into two kinds: hard (Ch 4)and soft (Ch 5). Hard virtues include leadership, courage, patience, perseverance and discipline; soft virtues are justice, forgiveness, compassion, humility and gratitude. No justification was given for this distinction. There are plenty of inspiring short illustrative vignettes from companies such as ServiceMaster, Herman Miller, Carghill and individuals such as Tom Monaghan, Jonathan Ruffer, Quinlan Terry and J. Irvin Miller. All those involved in business will find much of value here. About Author Theodore Malloch is chairman and CEO of the Roosevelt Group, a strategy firm, and research professor at Yale University, where he heads the Spiritual Capital Initiative. He was Vice President for all national programs for the Aspen Institute and served on the Executive Board of the World Economic Forum. He has held an ambassadorial-level position at the United Nations and senior policy positions at the U.S. Senate Committee on Foreign Relations and the U.S. Department of State.
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