New World Companies: The Future of Capitalism

Piasecki, a management consultant and author, examines the strategies of “new world companies,” those that are ready to take on the challenges of today’s global economy and incorporate practices that are responsive to the social concerns of its customers and clients. He explains how the way a corporation responds to environmental concerns, social issues that affect people throughout the world, and the quality and integrity of its governance team, as a form of social response capitalism, has become more important and improves financial performance. He shows how metrics in these environmental, social, and governance areas can be used to analyze a company’s philosophies and corporate practices and details the practices of several companies, such as FedEx, Suncor, and Caterpillar. He discusses the role of digital technology in allowing consumers to find information about companies and demand social responsiveness; the role of the environment and energy; the social and governance criteria; how responsible capitalism has been corrupted by greed, self-interest, and unchecked financial manipulation; how the use of environment, social, and governance metrics have led to the most successful long-term investment practices; and how Toyota has led the way. Annotation ©2016 Ringgold, Inc., Portland, OR (protoview.com)