Business Quote by Patricia Aburdene
“We've now become conscious of the uncalculated social, economic, and environmental costs of that kind of "unconscious" capitalism. And many are beginning to practice a form of "conscious capitalism," which involves integrity and higher standards, and in which companies are responsible not just to shareholders, but also to employees, consumers, suppliers, and communities. Some call it "stakeholder capitalism."”
About This Quote
Source Speech: Business Ethics Forum, 2015
Conscious capitalism expands responsibility beyond profit to include all stakeholders, demanding integrity and higher standards.
In simple terms: Businesses should care for employees, customers, suppliers, and communities, not just shareholders.
Adopt stakeholder‑focused, practices.
Themes
Mood
Type
When to use this quote
- corporate strategy
- investment decisions
- community engagement
Key Concepts
Questions to Reflect On
- What stakeholders do you overlook?
- How can you embed integrity?
Balancing profit with broader duties can be challenging.