“What governance and policy framework will align financial profit of business with global environmental and social flourishing?”
That is the question that must be answered to achieve the wellbeing we seek and avoid the catastrophes we face. That is the question that holds the key to unlocking successful policy initiatives in Europe and around the world. That is the question that the new partnership between the Global Solutions Initiative (GSI) and the Oxford Rethinking Performance Initiative (ORP) at the University of Oxford aims to answer.
The reason why it is the key to resolving current dilemmas is simple. So long as the financial profit of business is not aligned with environmental and social flourishing, then no amount of government intervention, inspiring business leadership, or international collaboration will stop business creating as well as solving problems. There will remain a fundamental defect in our capitalist systems.
Critical to addressing this defect is an alignment of interests and objectives between government and business. To date those interests are often seen to be in conflict – the public sector in social wellbeing and human flourishing, and the private sector in financial gain and profit.
Business has the power to drive solutions to humanity’s greatest challenges from climate change to inequality. But today’s markets are not designed to support that potential. The economic system still…
Blog postIntroduction The first set of blogs in the Redirecting Business Performance series has made a powerful case for why and how businesses should promote and measure corporate purposes that solve problems…
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Blog postThis book argues that the world is at a key juncture for considering how the targeted pursuit of business profits can better add up to the world’s profit, broadly defined.
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Blog postToday’s economic and political upheavals reflect an ongoing misalignment between business and economies (on the one hand) and acceptable societal outcomes (on the other). There is still time to adjust,…
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