Caring Management in the New Economy: Socially Responsible Behaviour Through Spirituality (Palgrave Studies in Sustainable Business In Association with Future Earth)

This edited book frames a new ethos of management that cares for society, future generations and nature whilst also serving the interests of business and the wider community. Employing the practical wisdom of faith traditions, the chapters develop the use of spirituality as a resource for creating business models that take pressing social problems – such as quality of life at work, over-consumption, environmental degradation and climate change – into account. Spanning entrepreneurship, leadership, management education and business models, the chapters in this book aim to develop a spiritually-based caring model of management to face the challenges and reality of the 21 st century. Preface 6 Contents 8 Notes on Contributors 11 List of Figures 17 List of Tables 18 Part I Introduction 19 Care, and Its Relevance to Today’s Economy 20 1 Care in Organizations, Caring Organizations 22 2 Issues and Themes 25 References 36 Part II Spiritual and Philosophical Foundations 38 Authentic Human Relations and the Economy 39 1 The Human Condition Today 41 2 Martin Buber’s Conception of Authentic Human Relations 45 3 Contemporary Theories Consistent with Buber’s Philosophy 50 3.1 Sedláček’s “Economics of Good and Evil” 50 3.2 Rifkin’s “Empathic Civilization” 53 4 Conclusion 56 References 60 Caring for Being and Caring for the Other 63 1 Heidegger and Levinas: Two Interpretations of Caring 64 2 Negative and Positive Forms of Vulnerability 67 3 Philanthropy Versus Relational Economics 70 4 The Heidegger–Levinas Dilemma in Business 72 5 Conclusion 75 References 77 Getting to the Heart of Compassion in Philosophy and Economic Life 78 1 The Genealogy of the Concept of Compassion in Western Thought 80 2 Compassion in Relation to Economy of Mutuality 86 3 Compassion in Social Enterprise and Shared Value Creation 88 4 Conclusion 92 References 94 Consciousness Approach to Management and Economics 97 1 The Importance of Subjective Reality 98 2 Economics and Management 100 3 Challenges Are Opportunities 102 4 Energy Conversion 105 5 Value of Values 106 6 Contradictions Are Complements 108 7 Consciousness Responsibility 108 8 Conclusion 110 References 111 Part III New Management and Economic Models 113 New Metrics for a New Economy: The B2T by 2020 Project 114 1 Capitalism and Its Impact 115 2 A New Economy 116 3 The Compass—Multidimensional Metrics 117 4 The Paris Agreement and the $B to $T by 2020 Target 119 5 Educational Challenges 120 6 How Can We Get the Capital That Is Needed? 123 References 126 Catholic Social Thought and the Economy of Communion as a Business Model 127 1 Catholic Social Thought 128 2 Values, Criteria, and Principles for a Fairer, More Humane Economy 130 3 Caritas in Veritate, Pope Benedict’s Social Encyclical 132 4 The Economy of Communion 137 5 Examples of Economy of Communion Businesses 139 6 Conclusions 141 References 145 Dignity, Love and Servant-Leadership 150 1 Human Dignity in Theology and Philosophy 151 2 The Content and Prerequisites of Human-Dignity-Based Caring 155 3 The Practical Implementation of Human-Dignity-Based Caring in Management 160 4 Conclusion 168 References 170 Social Entrepreneurship, Conscience, and the Common Good 174 1 Social Entrepreneurship 175 2 Conscience 177 3 The Common Good 180 4 Social Enterprise as a Forum of Discernment 183 5 Conclusions 184 References 187 The Caring Attitude of Christian and Buddhist Entrepreneurs 191 1 Spiritual Values in Business 192 2 Caring in Business—Christian and Buddhist Insights 194 3 Christian and Buddhist Entrepreneurs in Hungary 197 4 Dimensions of Caring in Business 198 5 Conclusions 200 References 201 Caring Entrepreneurship and Ecological Conscience—The Case of Patagonia Inc. 207 1 Introduction 208 2 Methodology 211 3 The Founder of Patagonia: From Loner to Rebel and Eco-oriented Businessman 213 4 Discussion 219 5 Concluding Remarks 224 References 227 Spirituality and Caring in Organizations: The Covenant Metaphor 231 1 Introduction 232 2 Why Are Metaphors Important? 233 3 Care, Entitlements, and Obligations 234 4 “Market” and “Contract” Metaphors 236 5 The Covenant Metaphor 238 6 The Validity of the Covenant Metaphor 240 7 Discussion 244 8 Conclusion 246 References 246 Part IV The Role of Business Schools 250 Creative Spirit in Management Education: Insights from Rabindranath Tagore 251 1 Introduction 252 2 The Importance of Tagore 253 3 Shifting Paradigm in Management Thinking and Education 257 4 Lessons from Tagore on Creative Learning 260 5 The ‘Spirit’ of Sustainability 264 6 Concluding Reflections 266 References 268 Spirituality, Caring Organizations and Corporate Effectiveness: Are Business Schools Developing Such a Path Toward a Better Future? 271 1 Spirituality 272 2 From “Dissent” to Action 275 3 Coping with a VUCA World 277 4 Developing a “Caring” Organization and Promoting “Frugality” Becoming an Imperative? 278 5 Spirituality, Management Practice and Corporate Effectiveness: A Paradigm Shift 285 6 The Role of Business Schools 290 7 Conclusion 292 References 294 Part V Conclusion 298 The Significance of Care in Dark Times 299 References 303 Index 305 Front Matter ....Pages i-xix Front Matter ....Pages 1-1 Care, and Its Relevance to Today’s Economy (Ora Setter, László Zsolnai)....Pages 3-20 Front Matter ....Pages 21-21 Authentic Human Relations and the Economy (Imre Ungvári Zrínyi)....Pages 23-46 Caring for Being and Caring for the Other (Luk Bouckaert)....Pages 47-61 Getting to the Heart of Compassion in Philosophy and Economic Life (Kevin T. Jackson)....Pages 63-81 Consciousness Approach to Management and Economics (Garry Jacobs)....Pages 83-98 Front Matter ....Pages 99-99 New Metrics for a New Economy: The B2T by 2020 Project (Yehuda Kahane)....Pages 101-113 Catholic Social Thought and the Economy of Communion as a Business Model (José Luis Fernández Fernández, Cristina Díaz de la Cruz)....Pages 115-137 Dignity, Love and Servant-Leadership (Tibor Héjj)....Pages 139-162 Social Entrepreneurship, Conscience, and the Common Good (Pavel Chalupnicek)....Pages 163-179 The Caring Attitude of Christian and Buddhist Entrepreneurs (Gabor Kovacs)....Pages 181-196 Caring Entrepreneurship and Ecological Conscience—The Case of Patagonia Inc. (Knut J. Ims)....Pages 197-220 Spirituality and Caring in Organizations: The Covenant Metaphor (Ora Setter)....Pages 221-239 Front Matter ....Pages 241-241 Creative Spirit in Management Education: Insights from Rabindranath Tagore (Sanjoy Mukherjee)....Pages 243-262 Spirituality, Caring Organizations and Corporate Effectiveness: Are Business Schools Developing Such a Path Toward a Better Future? (Henri-Claude de Bettignies)....Pages 263-289 Front Matter ....Pages 291-291 The Significance of Care in Dark Times (Ora Setter, László Zsolnai)....Pages 293-298 Back Matter ....Pages 299-305