Job but a period. So both the element that comprise of the interesting thing [inaudible] that came a few years ago show that those kinds of businesses create multiple kind of value for stakeholders. If you focus on the financial, it turns out these businesses are [inaudible] by a nine to one ratio. Every a stenyear period. We add more data which is ten and a half to one. This is showing [inaudible] this is not about tradeoff. You can make money for investors. To do that you must please your customer, employee, [inaudible] do you consider Conscious Capitalism to be evolutionary step in our capitalist system . In a way it is. I think the [inaudible] is a beginning when business used to have a well defined moral dimension to it. And businesses that were created started with some kind of in many cases it came from a religious. I think what happened over time that got tashing out as we have more companying and the economists came in and we started to have the corporation and the definition
For shareholders and that is something the economist created, a definition of. This is a thinking business and a realistic and mature way that great business is really built on a maximum for a higher purpose. Something theyre trying to do in the world that is worth doing. They are trying to create value of a certain way, which is meaningful to people. Not only customers, but society at large. If you think about Value Creation not just in terms of shareholders in treating them as an end and everybody else as a means, but think about all the stakeholders as atoms themselves. So the focus on creating value for their lives in the name of purpose in creating buyer for customers and improving quality of their lives, not just tried to sell them. [inaudible] they are trying to create value for all stakeholders in a way not to acquire tradeoff. You cannot case simultaneously enhance if you think about it creatively. You think about it in a traditional way, you end up with a lot of tradeoff. The
Fest, a libertarian Conference Held each year. You can watch this conference coming up now. The book is Conscious Capitalism. We have the professor joining us today at freedom fest. What is Conscious Capitalism . Is a way of thinking about business. We have this sort of narrow narrative and definition about what business is all about. Is it about maximum profits and how it works for shareholders . This is about thinking of business in a much more realistic and richer way. Successful businesses are based on a platform of higher purpose, something that they are trying to do in the world that that is worth doing. Trying to achieve value in a certain way, which is meaningful to people. Not only to customers and employees, but suppliers at large. We talk about how to shape them as an end and you actually discuss how business rallies employees in their lives. With meaning and purpose, focusing on customers and improving the quality of their lives. It is creating values were supplied in the c
Well, the message is clear the president is alive and well. Syrian state television has shown president Bashar Alassad attending prayers to mark the end of ramadan. Residence in the capital confirm there was shelling in the area, and it remains impossible to determine if the footage was taken before or after the attack. The images on Syrian State Television were clearly designed to show that the president remains unharmed and still able to attend a large gathering in damascus. It was his third public appearance in recent days. The rebels said they attacked the president s motorcade while he was on his way to a mosque in the capital, a claim dismissed by assads information minister. Regarding what was said, i confirm to you that, of course, the news is completely untrue. This news just shows the false hopes of some Media Outlets and the governments who are behind them. Assad was not the only one to put in a public appearance. The new head of the Opposition Syrian National Council visite
Frankfurt. Well, we begin with news that israel has given the goahead for the building of nearly 1200 new homes in East Jerusalem and the west bank, drawing an angry response from palestinian representatives. They say that the announcement casts doubt over the sincerity of israeli peace talks that are due to begin on wednesday. The latest dispute over settlement building, the issue that led to the breakdown of the last direct talks between the two sides in 2010 comes as the german folk German Foreign minister arrives to give his backing for the latest peace drive. They have been a constant stumbling block to middle east peace, israeli settlements in the west bank and jerusalem, where the palestinians envision their future state. They also lay claim to jerusalem as their capital. Just days before the direct start peace negotiations israel has approved almost 1200 new homes for jewish settlers. For palestinians . An act of bad faith. To give the Peace Process the chance it deserves. Isra