Dr Mike Lucas explains the implications of a new business model based on Buddhist economics, and how it could promote a new governance structure re-connecting the corporation with the community.
Dr Mike Lucas explains the implications of a new business model based on Buddhist economics, and how it could promote a new governance structure re-connecting the corporation with the community.
Alan Shipman highlights the range of partnership, family, mutual and cooperative enterprises which have successfully resisted pressures to become a ‘public limited company’, and whose market leadership adds to the pressure to reform the shareholder model.
Alan Shipman highlights the range of partnership, family, mutual and cooperative enterprises which have successfully resisted pressures to become a ‘public limited company’, and whose market leadership adds to the pressure to reform the shareholder model.
Dr Mike Lucas assesses the changes to conventional accounting methods, and management teaching, that would be needed to establish a new business model based on Buddhist economics.
Dr Mike Lucas assesses the changes to conventional accounting methods, and management teaching, that would be needed to establish a new business model based on Buddhist economics.
Alan Shipman and Dr Mike Lucas of The Open University discuss the problems of adopting new business models in a world where accounting and business education are still dominated by profit-maximising ‘shareholder value’, and the challenges ahead for those pursuing a Buddhist economics alternative.
Alan Shipman and Dr Mike Lucas of The Open University discuss the problems of adopting new business models in a world where accounting and business education are still dominated by profit-maximising ‘shareholder value’, and the challenges ahead for those pursuing a Buddhist economics alternative.
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About Buddhist Economics - Audio
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In the world of economics, does a person’s well-being really matter? What is more important, social objectives or profit maximisation – or are they even compatible? During a trip to Burma in 1955, Ernest Schumacher pioneered the concept of Buddhist Economics, a set of principles based on the belief that the function of business is to supply goods and services for need and true well-being. Schumacher argued that Buddhist Economics could serve as a vehicle for human development to overcome self centeredness and augment human creativity and knowledge.
Presented by Dr Mike Lucas from The Open University Business School and Alan Shipman from the Department of Economics at The Open University.