5. Peoplefollows
Capitalism
• Profit maximization , single stakeholder
capitalist ideology.
• Lobbying & campaign contributions
• Deregulation ( belief that markets adequately
regulate themselves)
• Cultural emphasis on short -term performance
• Runaway individualism triumphing over
community
• Amoral business operations ( belief in the
justness of the marketplace )
5
6. WhyProfitismoreimportant
thanHonesty?
6
• Being honest is just a choice but
profit making is necessary.
• Honesty can’t be measured and
can be bypassed but profit
indicates the growth.
• At the time of crises honesty is not
a substitute of profit.
• Everyone wants to see result –
Result oriented & the means are
neglected.
7. Why Companies bypassing this concept ?
7
Lack of transparency in Government policies,
Competitive global market,
Everybody wants to be No.1,
Stake holder expectations are too high,
Short cut towards the mission
8. 8
“We live with cultural
pressures unrelentingly
focused upon free market
competition and
consumption, as if the
meaning of life is compete,
consume, and die.”