Founder and Consultant-Researcher In Sustainability chez Sustainability Consulting Group
Lovely topic! This topic is becoming a new trend in Management. And thx for taking part to this beautiful journey. Personally, I've developped recently a New Business Model: Stakeholder-centric, Customer-centric, Employee-centric, City-centric, Environmentally-oriented, Ethically-oriented and Risk-centric Business Model. The major idea about it is to help Corporates simultaneously produce private and public goods and services while not only reducing its reputational risk and satisfying stakeholders, customers and employees. Pr Michael Porter from Harvard Business School has also developed a concept of Shared Value.
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As a result, they can hurt the low-wage workers and SMEs that they want to help. I believe that focusing on this supply approach to address the deficiencies of the Market will be more efficient..
Founder and Consultant-Researcher In Sustainability chez Sustainability Consulting Group
4moI. Hi there! II. I really love what you're doing. III. Most of the time, some people used to blame corporates because of the deficiencies of the market including indoor and outdoor air pollution, income and wealth inequalities, among others. IV. In the Business Model I've developed, I've shown how throughout the simultaneous production of public and private goods by private corporates , Economic Efficiency could be associated with Economic Justice, Social Justice, Environmental Justice, Cultural Justice, Spatial Justice among others. V. This is going to be a huge revolution. In fact, generally speaking, Governments used to implement some demand policies such as redistributive policies , fiscal policies or other environmental initiatives in order to fix the deficiencies of the market. Unfortunately, doing so can also put countries at a greater risk of trade and budget deficit on the one hand and increase the fiscal burden on corporates on the second hand. Furthermore, the initiatives of governments can increase the risk of eviction effects on the financial market and be associated with significant inflationary pressure.