Conscious Capitalism : The Key Components Of Conscious Leadership

1108 Words5 Pages
Conscious Capitalism is a model of business that aims to have organizations create a positive impact on the world they operate in. The leaders of these organizations aim to marry the goals of the stakeholders with values, such as caring, conservation, equality, and respect (Mackey and Sisodia, 2013). The aim of this paper is to examine this type of leadership by comparing it to other models, illustrating the key components of conscious leadership. This will be followed by a self-assessment where the values of the author will be compared to the principles of conscious leadership, acknowledging the traits that are aligned, and in juxtaposition of such a leadership theory. Conscious Capitalism: The Key Elements. According to Anderson (2015), organizations with no consciousness are outperformed by those companies who want to do business with some thought toward what is right and altruistic. Anderson (2015) identifies four key principles of Conscious Capitalism, which include: 1) Conscious Leadership. This type of leadership requires authenticity; a trait which will inspire loyalty from subordinates and customers. 2) Stakeholder Orientation. A knowledge that your stakeholders are not simply your shareholders. Focus must be placed on the employee, the community, vendors, and customers. 3) Conscious Culture. This culture is defined by your values, and enforced to ensure that the organization’s vision is shared unanimously. 4) Higher Purpose. Money should not be the sole reason for
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