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An Entrepreneurial Approach to Stewardship Accountability
Raymond W. Y. Kao
Kenneth R. Kao
Rowland R. Kao
其他書名
Corporate Residual and Global Poverty
出版
World Scientific
, 2005
主題
Business & Economics / Entrepreneurship
Business & Economics / Economics / Microeconomics
Business & Economics / Environmental Economics
ISBN
9812560068
9789812560063
URL
http://books.google.com.hk/books?id=STwj1xZ5bE4C&hl=&source=gbs_api
EBook
SAMPLE
註釋
The continuation of global poverty is inextricably entwined with the fundamental philosophy of the market economy. It is driven by the individual's neverending desire for ?profit?, leading to a critically imbalanced distribution of resources. As an entrepreneurial initiative, this book advocates a shift in the responsibility for relief of poverty away from the government to the private sector, and in particular to corporate entities. The concept of the ?residual? is used as the cornerstone of business operations and wealth distribution. Corporate decision-makers, while making proprietary decisions for resources allocation, must assume stewardship responsibility and be accountable not just to financial investors but to all contributors of the corporate entity.