Posts Tagged ‘Whole Foods’

KWR: Mackey, Rent Control, Magatte, the Sports Ethicist, and Measuring Innovation

Friday, April 12th, 2013

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Kaizen Weekly Review highlights activities of The Center for Ethics and Entrepreneurship and recent business ethics and entrepreneurship news.
Editor
: Virginia Murr
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John Mackey’s Conscious Capitalism
Whole Foods CEO John Mackey has made waves with his book Conscious Capitalism: Liberating the Heroic Spirit of Business. According to this Forbes review, the theme of conscious capitalism is “that business is good because it creates value, it is ethical because it is based on voluntary exchange, it is noble because it can elevate our existence, and it is heroic because it lifts people out of poverty and creates prosperity.” Below is a Mackey’s discussion of Conscious Capitalism with Tucker Carlson at the Cato Institute.
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Business Ethics Case Studies: Rent Control
Stephen Hicks has released Rent Control, the first in his Business Ethics Case Studies series. Forthcoming cases will include Minimum WagesThe Tragedy of the CommonsLaetrile and Experimental Cancer Drugs, and the FCC’s “Fairness Doctrine.”

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Audiobook Version of Explaining Postmodernism
Hicks’s Explaining Postmodernism: Skepticism and Socialism from Rousseau to Foucault is being released as an audiobook. Listen to the first chapter, “What Postmodernism Is.” Explaining Postmodernism has been translated into three languages, with a Spanish translation forthcoming. It is also available in e-book format.

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The Sports Ethicist Takes on the Miami Heat
The Miami Heat recently caused a stir when the players refused the traditional after-game handshake with the Chicago Bulls. This prompted announcer Jeff Van Gundy to state that sports “shouldn’t be warm and friendly.” Shawn Klein, aka “the Sports Ethicist,” disagrees. According to Klein, “[T]he very essence of good sportsmanship is that when the game is over, you step outside that frame of mind.” Read the rest of his critique.

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Magatte Wade: Model of Leadership
Da Promoter hails Tiossan owner Magatte Wade as a female model of leadership. This article states that Wade’s story “is proof that with determination, determination, courage, and boldness, we can achieve everything.” Wade was the subject of a recent CEE interview in which she shares her personal successes and challenges as well as her advice for aspiring entrepreneurs.

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How to Measure Innovation
How should innovative companies be evaluated? Currently, there is no industry consensus on what factors best demonstrate the success of innovation. According to this article, there isn’t even agreement on such fundamental questions as “what defines an idea?” or “what does ‘success’ mean?” The author of the article believes there should be one standardized methodology. What do you think?

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See you next week!

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Previous Issues of Kaizen Weekly Review.

Interview with entrepreneur Magatte Wade

Monday, March 25th, 2013

Forbes magazine named Magatte Wade one of the “20 Youngest Power Women of Africa.” Magatte was born in Senegal, educated in France, and started her entrepreneurial career in the U.S. Her first company, Adina World Beverages, based on indigenous Senegalese beverage recipes, became one of the most widely distributed U.S. brands started by an African entrepreneur. Her second company, Tiossan, sells skin care products based on indigenous Senegalese recipes online and at high-end boutiques. Magatte was also named a Young Global Leader by the 2011 World Economic Forum at Davos and is a frequent speaker on college campuses.

Kaizen: Where in Senegal were you born?

Wade: I was born 80 kilometers south of Dakar on the coast of the Atlantic, in a small town called M’bour. It used to be a very small town but because it’s a beach village, it’s become one of the main leisure and tourist towns.

Kaizen: The Gambia River runs from the west through Senegal?

Wade: Yes. We are about three hours north of that.

Kaizen: What was your education as a child like?

Wade: I never went to school when I was a child in Senegal. I credit a lot of who I am and my love of freedom to that—to the fact that my grandmother allowed for me not to go to school.

Kaizen: So you were raised by your grandmother primarily?

Wade: Yes, for three or four more years. Instead of going to school, I would spend all of my time playing with boys, going on expeditions, and things like that.

Kaizen: At what age did you go to Europe?

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The Future of Capitalism Series on Big Think

Monday, November 22nd, 2010

Last week, Big Think started a ten day series on the future of capitalism. Through articles and videos, the series examines the impact on capitalism of technologies such as 3D printing, virtual products and currencies, data analysis, and the relationship between governments and markets. Also featured is an interview with John Mackey, CEO of Whole Foods and co-founder of Conscious Capitalism with recent CEE guest speaker Michael Strong.

Debating the social responsibility of business

Tuesday, May 6th, 2008

Nobel Laureate Milton Friedman, Whole Foods CEO John Mackey, and Cypress Semiconductor CEO T. J. Rodgers debate corporate responsibility: do profits or customer service come first?