Posted by John Fees on Tuesday, July 14, 2009
This is
a useful summary regarding the challenges facing capitalism. The timing
of the Catholic Church suggesting a moral framework for market
capitalism couldn't be better.
In my view the recent failures of
capitalism are not as much a failure of markets as a failure of
morality. The first place I start in evaluating companies and their potential is to understand the values behind the entrepreneurs. If the only goal is money, then the purpose of the company will not likely endure or benefit from our approach. Money is the result of providing and creating real value for customers.
The focus of a business or organization is to uniquely fulfill this purpose - capital, talent and ideas are required / but each rest on a solid moral foundation. I am inspired by leaders of faith and look for them to help shape and transform the future of market capitalism.
http://www.nytimes.com/2009/07/12/weekinreview/12dougherty.html
Tags:
leadership
market capitalism
faith