4. A Tale of Two Short Centuries
GDP per Capita, 2000 $
2010: $7,278
$6,055
$2,113
$1,262
$873
Industrial Revolution Begins
$596
$467 $667
$566 $615
$453
Year 0 500 1000 1500 2000
Source: www.VisualizingEconomics.com; Angus Maddison, University of Groningen; www.prb.org; www.worldbank.org
5. The Economic Success of Capitalism
is Unprecedented in World History
Real per capita income has increased:
• 16x in developed countries
• 35x in Japan
• 3x in Africa
• 100x in the U.S. (adjusting for quality
and affordability)
6. Capitalism is Ending Poverty on Earth
The percentage of
people living on World Population Living on Less Than
less than $1 per $1/Day (in ‘03$ )
100%
day has dropped
from 85% in 1820
to about 17%
50%
today.
If current trends
continue, poverty 0%
will be virtually
eliminated in the 1800 1950 1980 2003
next 50 years.
Source: World Bank (constant 2003 dollars)
7. Business is noblebecause ititcan elevate our existence
heroicbecause itit lifts people out of poverty
ethical because creates value
good because based on voluntary exchange
8. Yet, Mistrust of Business is Pervasive
Americans’ confidence in big Only 2 percent of investors
business has declined steadily, believe that CEOs are “very
from about 34% in 1975 to a trustworthy”; 72 percent
historic low of 16% in 2009, believe that wrongdoing is
rebounding to 19% in 2011. commonplace at companies.
2011: 79% believe
business is too
2011: 88% of Americans concerned about
believe that big companies making a profit and not enough
have too much influence on about responsibilities to
government, up from 83 workers, consumers, and the
percent in 2004. environment.
9. “The whole growth
model we created over
the last 50 years is
simply unsustainable
economically and
ecologically… Both
Mother Nature and
Father Greed have hit
the wall at once.”
March 7, 2009
17. Oil supply is decreasing just as
demand is rapidly rising
18. After 1980, we started using more than
Nature can renew; now 1.3 times
19. If everyone lived as Americans, would
need FIVE earths…
…as Europeans, THREE earths
20. Confidence in Big Business
% of Americans with a "Great Deal" or "Quite a Lot" of Confidence in Big Business
40%
35%
30%
25%
20%
15%
10%
Such cynicism and distrust have
huge societal costs
5%
0%
21. WHY has this happened?
THE WORLD has changed
PEOPLE have evolved
BUSINESSES have not kept up
24. In 1989, for the first time in U.S. history, the
majority of adults were over 40
25. Who is this
man?
What did
he do to
change the
Tim Berners-Lee world?
He invented the World Wide Web in 1989
26.
27.
28.
29. A finer sense of right and wrong
Understand all the consequences of our actions
Commitment to the truth
Fully mindful and awake
Reject violence
Live in harmony with nature
Peter Senge
30. “The dogmas
of the quiet
past are
inadequate to
the stormy
present.”
31. What will it take for companies to
flourish in the future?
To flourish in the future, companies
will have be aligned with the new
realities of our lives and embody a
more conscious way of being
32. “A conscious business fosters peace and
happiness in the individual, respect and
solidarity in the community, and mission
accomplishment in the organization.”
Fred Kofman, Conscious Business
33. A HIGHER PURPOSE
DECLARATION OF INTERDEPENDENCE
19:1
93%
ANIMAL COMPASSION STANDARDS
MEETINGS END WITH APPRECIATIONS
MINISCULE MARKETING SPENDING
MEMORIAL DAY FLOOD
FUTURE SEARCH
1800%
34. The Tenets of Conscious Capitalism
STAKEHOLDER CONSCIOUS
INTEGRATION LEADERSHIP
HIGHER
PURPOSE &
CORE VALUES
CONSCIOUS CONSCIOUS
CULTURE MANAGEMENT
42. 10.5-to-1
performance
“FoE”
(1646%)
S&P 500
(157%)
Stock Returns over a
15 Year Period (’96-’11)
43. FoE Compared to Good to Great
15 Year 10 Year 5 Year 3 Year
Cumulative Annualized Cumulative Annualized Cumulative Annualized Cumulative Annualized
FoE Return 1646.1% 21% 254.4% 13.5% 56.4% 9.4% 77.4% 21.1%
GTG Return 177.5% 7% 14.0% 1.3% -35.6% -8.4% -23.2% -8.4%
S&P 500 Return 157% 6.5% 30.7% 2.7% 15.6% 2.9% 10.3% 3.3%
44. What is a “Great” Business?
Enriches the world
Brings joy, fulfillment, and a sense of
meaning to all its stakeholders
Maximizes “total value created”
Enhances the overall health and well
being of society
45. Businesses Create, and Destroy,
Many Kinds of Wealth
financial intellectual social emotional
spiritual cultural physical natural
46. The Tenets of Conscious Capitalism
STAKEHOLDER CONSCIOUS
INTEGRATION LEADERSHIP
HIGHER
PURPOSE &
CORE VALUES
CONSCIOUS CONSCIOUS
CULTURE MANAGEMENT
47. Happiness
Meaning comes Profit
ensues from
from: ensues from
living a life of
Doing work that working toward a
meaning and
matters higher purpose,
purpose building businesses
Selfless love
on love, and
Finding meaning growing from
in suffering adversity
48. Uncompensated effort is
Compensated engagement going up – volunteer work
The Purpose Institute
is going down is nourishing people in a
way that paid isn’t
49. Great Purposes are HEALING
Healing: To restore to H Heroic
health or soundness; to E Evolutionary
cure; to restore to
spiritual wholeness; to A Aligning
become whole and
L Loving
sound.
In a world with too much I Inspiring
suffering and ill-health, N Natural
healing is divine work.
G Generous
50. The Power of Purpose
The difference you're trying to make in the
world
Drives everything you do
Matters to all stakeholders
Is your reason for being that goes beyond
making money
YET… typically results in making more
money than you thought possible
Roy Spence
57. S P I C E E
SOCIETY PARTNERS INVESTORS CUSTOMERS EMPLOYEES ENVIRONMENT
58. Business, Society and the Planet
The PLANET
The PLANET SOCIETY
BUSINESS
BUSINESS SOCIETY
Traditional View Conscious View
59. Conscious Capitalism ≠ CSR
• Shareholder-centric • Stakeholder-oriented
• Independent of purpose • Incorporates higher purpose
• Often grafted on to • Societal orientation is at the
traditional business model core of business model
• Easy to meet as a charitable • Requires genuine
gesture transformation
• Performance implications • Significantly outperforms
unclear traditional business model
• Independent of type of • Requires conscious
leadership leadership
60. The Tenets of Conscious Capitalism
STAKEHOLDER CONSCIOUS
INTEGRATION LEADERSHIP
HIGHER
PURPOSE &
CORE VALUES
CONSCIOUS CONSCIOUS
CULTURE MANAGEMENT
62. Conscious Businesses Need
Conscious Leaders
Authentic
Purpose-driven
Caring
Systems thinkers and “systems feelers”
Emotionally intelligent Spiritually evolved
Strong character and integrity Trustee oriented
63.
64. The Tenets of Conscious Capitalism
STAKEHOLDER CONSCIOUS
INTEGRATION LEADERSHIP
HIGHER
PURPOSE &
CORE VALUES
CONSCIOUS CONSCIOUS
CULTURE MANAGEMENT
72. “I would not give a fig for the simplicity
on this side of complexity but I would
give my life for the simplicity on the
other side of complexity.”
Oliver Wendell Holmes, Jr.
US Supreme Court Justice
73. Humanity Natural Our inner
is one resources are resources
spirit finite are infinite
Ron Pompei
74. The Opportunity
Those of us alive today have the
opportunity to lead the most
meaningful lives ever lived
Our challenges are great, but so
is our consciousness and our
ability to change things
We have all the tools we need;
we just need to unleash human
ingenuity on our challenges in a
holistic, conscious, caring way
Lynne Twist
77. Some Questions
Can successful profitable organizations
really be built on “love”?
Is a “Conscious” agenda realistic in tough,
recessionary times?
How can we embed conscious living and
conscious business principles in young
people early on?
