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How to Speak SoCap Socially conscious capitalist companies and investors follow principles of socially conscious capitalism (SoCap). They believe that capitalism need not be a relentless quest for profit, and that it can be a force for good in the world. The rise of SoCap has spawned the growth of a new language. Let’s learn to speak SoCap. Match the SoCap term or phrase in the left column to its translation on the right. This may take some research. (Source: socialcapitalmarkets.net, consciouscapitalism.org/node/3998)

Non-government, non-profit organization organized on a local, national or international level, activities often include human rights, environmental, or development work emulated by many SoCap companies. A tenet of socially conscious capitalism recognizing that every business has a purpose which includes, but is greater than making money. A tenet of socially conscious capitalism recognizing that life and business are interdependent and that businesses must create value with and for its stakeholders: customers, employees, vendors, investors, environment, and communities. A limitation on upper management compensation imposed by SoCaps to increase salary transparency and reduce employee resentment. SoCap business culture model: trust, authenticity, caring, transparency, integrity, learning and empowerment . A tenet of socially conscious capitalism. Leaders who understand and embrace the Higher Purpose, create value for stakeholders and cultivate a corporate culture of trust and care. A social movement whose goal is to help producers in developing countries achieve better trading conditions and promote sustainable business practices. Everyone in a business’ ecosystem: employees, customers, the environment, community, and vendors. A tenet of socially conscious capitalism. The embodied values, principles and practices of a business, permeating its actions and connecting stakeholders to each other and to the company’s purpose, people, and processes. A for-profit business that incorporates SoCap tenets and practices into its operations and management.

conscious business

PRODUCT PREVIEW

fair trade

TACTILE

salary caps

Higher Purpose

stakeholder orientation

conscious culture

conscious leadership

NGO

stakeholders

121 THE 21st CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY

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