Chapter 1: Why Conscious Capitalism?

1. Decline in poverty: https://openknowledge.worldbank.org/bitstream/handle/10986/25078/9781464809583.pdf; Rise in literacy: https://en.wikipedia.org/wiki/List_of_countries_by_literacy_rate.

2. Raj Sisodia, David B. Wolfe, and Jag Sheth, Firms of Endearment: How World-Class Companies Profit from Passion and Purpose (Upper Saddle River, NJ: Wharton School Publishing, 2007; 2nd ed. Upper Saddle River, NJ: Pearson, 2014).

3. These studies are cited in Big Innovation Centre, The Purposeful Company: Policy Report (London: Big Innovation Centre, February 2017), www.biginnovationcentre.com/media/uploads/pdf/TPC_Policy%20Report.pdf; and Big Innovation Centre, The Purposeful Company: Interim Report (London: Big Innovation Centre, May 2016), www.biginnovationcentre.com/media/uploads/pdf/TPC_Interim%20Report.pdf.

4. J. Derwall, N. Guenster, R. Bauer, and K. Koedijk, “The Eco-Efficiency Premium Puzzle,” Financial Analysts Journal 61 (2005): 51–63.

5. C. Fornell, S. Mithas, F. Morgeson III, and M. Krishnan, “Customer Satisfaction and Stock Prices: High Returns, Low Risk,” Journal of Marketing 70 (2006): 3–14.

6. S. El Ghoul, O. Guedhami, C. Kwok, and D. Mishra, “Does Corporate Social Responsibility Affect the Cost of Capital?,” Journal of Banking & Finance 35 (2011): 2388–2406.

7. A. Edmans, “Does the Stock Market Fully Value Intangibles? Employee Satisfaction and Equity Prices,” Journal of Financial Economics 101 (2011): 621–640; and A. Edmans, “The Link Between Job Satisfaction and Firm Value, with Implications for Corporate Social Responsibility,” Academy of Management Perspectives 26 (2012): 1–19.

8. A. Edmans, L. Li, and C. Zhang, “Employee Satisfaction, Labor Market Flexibility, and Stock Returns Around the World,” Working Paper 20300, National Bureau of Economic Research, Cambridge, MA, July 2014.

9. N. Bloom, R. Sadun, and J. Van Reenen, “The Organization of Firms Across Countries,” Quarterly Journal of Economics 127 (2012): 1,663–1,705.

10. G. Serafeim, R. Eccles, and G. Ioannou, “The Impact of a Corporate Sustainability on Organizational Processes and Performance,” Management Science 60 (2014): 2,835–2,857.

11. L. Guiso, P. Sapienza, and L. Zingales, “The Value of Corporate Culture,” Journal of Financial Economics 117 (2015): 60–76.

12. G. Friede, T. Busch, and A. Bassen, “ESG and Financial Performance: Aggregated Evidence from More than 2000 Empirical Studies,” Journal of Sustainable Finance & Investment 5 (2015): 210–233.

13. C. Flammer and A. Kacperczyk, “The Impact of Stakeholder Orientation on Innovation: Evidence from a Natural Experiment,” Management Science 62, no. 7 (2015): 1982–2001.

14. R. Albuquerque, A. Durnev, and Y. Koskinen, “Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence,” European Corporate Governance Institute, Working Paper no. 359/2013, revised June 1, 2017.

Chapter 3: Introduction to Organizational Purpose

1. Big Innovation Centre, The Purposeful Company: Policy Report (London: Big Innovation Centre, February 2017), www.biginnovationcentre.com/media/uploads/pdf/TPC_Policy%20Report.pdf; and Big Innovation Centre, The Purposeful Company: Interim Report (London: Big Innovation Centre, May 2016), www.biginnovationcentre.com/media/uploads/pdf/TPC_Interim%20Report.pdf.

Part Two: Stakeholder Orientation

1. Edward Freeman, “What Is Stakeholder Theory?,” video presented by Business Roundtable Institute for Corporate Ethics, October 1, 2009, www.youtube.com/watch?v=bIRUaLcvPe8.

2. We are grateful to Conscious Capitalism, Inc. CEO, Alexander McCobin, for his insights on this issue.

Chapter 7: The Stakeholder Model

1. We are grateful to Babson College student Chirag Shah for suggesting this phrase.

2. Whole Foods Market, “Declaration of Interdependence,” www.wholefoodsmarket.com/mission-values/core-values/declaration-interdependence.

Chapter 8: Becoming Stakeholder Oriented

1. Raj Sisodia, David B. Wolfe, and Jag Sheth, Firms of Endearment: How World-Class Companies Profit from Passion and Purpose (Upper Saddle River, NJ: Wharton School Publishing, 2007; 2nd ed. Upper Saddle River, NJ: Pearson, 2014).

2. Interview with Timothy Henry, December 2016.

Chapter 11: Introduction to Conscious Culture

1. Daniel H. Pink, Drive: The Surprising Truth About What Motivates Us (New York: Riverhead Books, 2009).

2. PwC, “Workforce of the Future: The Competing Forces Shaping 2030,” www.pwc.com/gx/en/managing-tomorrows-people/future-of-work/assets/reshaping-the-workplace.pdf.

3. Sarah Greesonbach, “Culture Crash Course Lesson 2: The Importance of Corporate Culture,” Culture IQ, https://cultureiq.com/culture-crash-course-lesson-2-the-importance-of-corporate-culture.

4. David McCann, “Treat Employees Well, See Stock Price Soar,” CFO.com, April 21, 2014, ww2.cfo.com/people/2014/04/treat-employees-well-see-stock-price-soar.

Chapter 13: Evolving and Deepening Your Culture

1. Lars Björk, quoted in Raymond V. Gilmartin and Steven E. Prokesch, eds., How CEOs Can Fix Capitalism (Boston: Harvard Business Review Press, 2013).

Part Four: Conscious Leadership

1. Fred Kofman, Conscious Business: How to Build Value Through Values (Boulder, CO: Sounds True, 2006).

Chapter 14: Introduction to Conscious Leadership

1. Dee Hock, “The Art of Chaordic Leadership,” Leader to Leader 15 (Winter 2000): 20–26.

2. This quote is cited in numerous locations on the web, including https://journal.accj.or.jp/peter-drucker-on-leadership/.

3. John Gerzema and Michael D’Antonio, The Athena Doctrine: How Women (and the Men Who Think Like Them) Will Rule the Future (San Francisco: Jossey-Bass, 2013). The title of the book came from the warrior goddess whose wisdom and civility are celebrated in Greek mythology.

Chapter 15: Becoming a SELFLESS Leader

1. Danah Zohar and Ian Marshall, Spiritual Capital: Wealth We Can Live By (San Francisco: Berrett-Koehler, 2004), 55.

2. Excerpted from http://socialbusinesspedia.com/wiki/details/145.

3. Martin Luther King Jr., “Where Do We Go from Here?,” speech delivered at the 11th Annual Southern Christian Leadership Convention, Atlanta, August 16, 1967, available at http://mlk-kpp01.stanford.edu/index.php/encyclopedia/documentsentry/where_do_we_go_from_here_delivered_at_the_11th_annual_sclc_convention.

4. Daniel Goleman, Emotional Intelligence: Why It Can Matter More Than IQ (New York: Bantam, 1995). Goleman also wrote another excellent book, Social Intelligence: The New Science of Human Relationships (New York: Bantam, 2006). We have not separated social intelligence from emotional, spiritual, and systems intelligence into its own category, because we believe it is better seen as a characteristic of the other three categories.

5. Goleman, Emotional Intelligence.

6. In addition to ibid., we recommend Robert C. Solomon’s numerous books on emotions, particularly Passions: Emotions and the Meaning of Life (Indianapolis, IN: Hackett, 1993) and True to Our Feelings (New York: Oxford University Press, 2001).

7. Some recommended books on love include Gerald Jampolsky, Love Is Letting Go of Fear (Berkeley, CA: Celestial Arts, 2010); Stephen G. Post, Unlimited Love: Altruism, Compassion, and Service (Philadelphia: Templeton Foundation Press, 2003); and Pitirim Sorokin, The Ways and Power of Love: Types, Factors, and Techniques of Moral Transformation (Philadelphia: Templeton Foundation Press, 2002).

8. Margaret Rouse, “Definition: Systems Thinking,” TechTarget, October 2005, http://searchcio.techtarget.com/definition/systems-thinking.

9. Zohar and Marshall, Spiritual Capital, 3.

10. Adapted from Cindy Wigglesworth, SQ21: The Twenty-One Skills of Spiritual Intelligence (New York: SelectBooks, 2012), page 46.

11. Gay Hendricks, The Big Leap: Conquer Your Hidden Fear and Take Life to the Next Level (New York: HarperOne, 2010).

Chapter 16: Becoming More Conscious

1. Nilima Bhat and Raj Sisodia, Shakti Leadership: Embracing Feminine and Masculine Power in Business (Oakland, CA: Berrett-Koehler Publishers, 2016).

2. Martin E. P. Seligman, Learned Optimism: How to Change Your Mind and Your Life (New York: Vintage, 2006).

3. Adam Grant, Give and Take: Why Helping Others Drives Our Success (New York: Penguin Books, 2014).

4. Srikumar S. Rao, Are You Ready to Succeed? Unconventional Strategies to Achieving Personal Mastery in Business and Life (New York: Hachette, 2005).

5. There are many books on insight meditation. A good introduction is Joseph Goldstein and Jack Kornfield, Seeking the Heart of Wisdom: The Path of Insight Meditation (Boston: Shambhala, 2001).

Chapter 17: Organizational Approach to Conscious Leadership

1. Australian Psychological Society, “Corporate Psychopaths Common and Can Wreak Havoc in Business, Researchers Say,” press release, September 13, 2016, www.psychology.org.au/news/media_releases/13September2016/Brooks.

2. This section was reproduced, with permission, from Bob Chapman and Raj Sisodia, Everybody Matters: The Extraordinary Power of Caring for Your People as Family (New York: Portfolio/Penguin, 2015).

Chapter 18: Setting Organizational Priorities

1. David Maister, “Strategy and the Fat Smoker,” ChangeThis, July 4, 2006.

Epilogue

1. David Cooperrider, http://www.davidcooperrider.com/2014/02/12/dean-rob-widing-business-as-an-agent-of-world-benefit-is-an-idea-whose-time-has-come/#more-1328.

2. Big Innovation Centre, The Purposeful Company: Policy Report (London: Big Innovation Centre, February 2017), www.biginnovationcentre.com/media/uploads/pdf/TPC_Policy%20Report.pdf.

Appendix B: Ugli Oranges Exercise

1. This Ugli Orange exercise is a role play that simulates a conflict situation. Adapted from George Mason University, Institute for Conflict Analysis and Resolution, Fairfax, Virginia.

Appendix C: The Barrett Approach to Measuring and Building a Conscious Culture

1. For more information on the Cultural Transformation tools, see the Barrett Values Centre home page, www.valuescentre.com.

2. This section, “The Seven Levels of Organizational Consciousness,” is reprinted with permission from Richard Barrett, The Values-Driven Organization, 2nd ed. (London: Routledge, 2017). The remaining parts of this appendix are adapted from Richard Barrett, “Building a High-Performance Culture,” Barrett Values Centre, Manchester, UK, April 2017, www.valuescentre.com/sites/default/files/uploads/article_building_a_high-performance_culture.pdf.