P.E.A.C.E. - The Five Pillars of Business Egalitarianism
Date
2021-05
Authors
Conners, Stephen Patrick
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Abstract
The core business principle of maximizing shareholder value is fundamentally flawed. It is this self-serving concept, combined with the commodification of fractional business ownership, that has facilitated and enabled the unethical behaviors that directly led to the largest economic issues in the United States, such as The Wall Street Crash of 1929 and Great Depression, excesses of the 1980s, dot-com bubble of the 1990s, sub-prime mortgage crisis of the 2000s, and the economic instability resulting from the COVID-19 pandemic. While business leaders are moving towards a new concept of Creating Shared Value, there is much more work required to achieve a truly egalitarian framework to govern businesses, which is defined by the five pillars of People, Environment, Accountability, Continuity, and Equity (P.E.A.C.E.).
Description
Keywords
business, egalitarianism, creating shared value, CSR, Honors College
Citation
Conners, S. P. (2021). P.E.A.C.E. - The five pillars of business egalitarianism (Unpublished thesis). Texas State University, San Marcos, Texas.