Values Driven Business - Environmental Economics - Lecture Slides, Slides of Environmental Economics

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Values-driven Business and

C.E.D.

Business in Transformation

• needs to reorient to the needs of community and planet in its goals and means.
• needs to expand its moral and legal status to include its workers and all stakeholders affected by its actions.
• needs to support positive business activity in every community.
• special difficulties of small business in the existing economy. - need for a fundamental shift in economic resources from the Wal-Marts to the Small-Marts.

Redefining Wealth

Quantitative:

Money & Material

Accumulation

Qualitative:

Well-being

Regeneration

Dematerialization & the

ESCO model

• Savings as a virtual source of energy
• The Green Economy: creates Wealth through savings (or dematerialization)
• Savings as a source of Investment

Challenge of financial design: dealing with first costs

Structural obstacles to

sustainability

• Nature of the Corporation & the

SBL

• Centrality of Economic Growth
• Ownership patterns inconsistent

with Stewardship

• Alienated relationship to human

need

• Creating rather than responding

to it

The Corporation in History

• initial charters
• the Corporate Person & industrialization
• Bureaucracy: the rise of Big Organization
• Fordism: Mass production & the crisis of effective

demand

• postwar Waste Economy
• Post-Fordism: “commanding heights” shift from

manufacturing to finance and retail, globalization &

outsourcing

• Current pressure to create “Stakeholder

Corporations”

The Business Case for

Sustainability

• Single Bottom Line Sustainability (SBLS)
• Essential to large corporations
• Not sufficient to create ecological

economies

Corporations need outside help!

Internal & External Action

• The balance is different for big &

small business

• Relationship between democracy

& economic evolution

• Centrality of Stakeholder

relationships

• Importance of New Enterprise

Networks

Quantification & Value

• What is measured gets done
• What gets counted is valued;

What is valued gets counted

Market Transformation

• Social & Environmental Values become drivers of “mindful markets”
• Money & capital increasingly a means (not the end-goal) of economic development
• Involves the transformation of regulation —incentives & disincentives built into everyday economic life

Distributed Regulation

• Need for incentives & disincentives embedded in everyday production & exchange.
• 3 rd^ Party certification systems as non-state regulation.
• Finance & taxation as regulation
• Power of “collective consumerism”
• B-Corp: certification of corporate governance: changing corporate DNA
• Ownership tailored to stewardship and democracy.

Values-driven Business

Economic tendencies towards decentralization Technological: networked info economy distributed generation miniaturization Ecological: economic biomimicry / ecosystem model of development / peak oil / distribution costs Social: creativity base: human-scale

employees

suppliers

customers

community company

5 Dimensions of Values- Driven Business

Community / Small Business

• The realm of cutting-edge alternatives in almost every sector
• Need for new & stronger networks
• Local market power based on solid knowledge
• Import substitution
• Regenerative finance
• Necessity of empowering all sections of the community
• Community development Plans & Indicators