Have you ever thought about how you can solve the world's problems with your ideas? Dr. Jay Jakub believes that businesses can better position itself to solve the bigger problem; whether it be social, or environmental.
He recounts the origins of the Economics of Mutuality (EOM) from his time as Senior Director for External Research at Mars, Inc., and how he learned first-hand that businesses can shift from profit-centric models to purpose-driven practices that leverage social, human, and natural capitals.
Join us as we explore the evolving landscape of stakeholder vs. shareholder capitalism, the challenges and opportunities of artificial intelligence (AI) and the vital role of business schools in fostering a broader, purpose-driven curriculum to drive folks to embrace a more conscious approach to business.
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For transcripts and show notes, please go to: https://www.theconsciouscapitalists.com
This show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.
Thank you for your support!
- Timothy & Raj
Time Stamps
00:00 Merging Companies for Mutual Transformation
01:12 Meet Dr. Jay Jakub: A Leader in Economics of Mutuality
02:40 Understanding Economics of Mutuality
04:07 Core Elements of Economics of Mutuality
07:59 The Origins of Economics of Mutuality at Mars
10:50 Implementing Stakeholder Capitalism
18:55 Case Study: Novo Nordisk's Purpose Transformation
23:08 Mars' Application of Economics of Mutuality
26:29 Purpose-Driven Business Strategies
29:48 Healing Business Through Mutual Value Creation
32:12 Sponsor Message: 2024 Conscious Capitalism CEO Summit
33:02 Personal Journeys and Faith
34:32 Transition from Government to Business
35:35 Advice for CEOs on Conscious Capitalism
38:10 Challenges of Short-Term Market Focus
43:04 Private Equity and Purpose-Driven Investments
46:16 Navigating ESG and Compliance
49:48 Stakeholder Orientation and Decision-Making
52:33 Business Education and Conscious Capitalism
01:02:29 Impact of AI on Economics of Mutuality