conscious business

A Quote by Bill Gates on business, capitalism, conscious capitalism, conscious business, and creative capitalism

The challenge here is to design a system where market incentives, including profits and recognition, drive those principles to do more for the poor.

I like to call this idea creative capitalism, an approach where governments, businesses, and nonprofits work together to stretch the reach of market forces so that more people can make a profit, or gain recognition, doing work that eases the world's inequities.

Bill Gates

Source: Bill Gates: World Economic Forum 2008: http://www.microsoft.com/Presspass/exec/billg/speeches/2008/01-24WEFDavos.mspx

Contributed by: ~C4Chaos

A Quote by Bill Gates on business, capitalism, conscious capitalism, conscious business, creative capitalism, red campaign, and bono

...one of the most inventive forms of creative capitalism involves someone we all know very well. A few years ago, I was sitting in a bar here in Davos with Bono. Late at night, after a few drinks, he was on fire, talking about how we could get a percentage of each purchase from civic-minded companies to help change the world. He kept calling people, waking them up, and handing me the phone to show me the interest.

Well, it's taken time to get this going, but he was right. If you give people a chance to associate themselves with a cause they care about, while buying a great product, they will. That was how the RED Campaign was born, here in Davos.

RED products are available from companies like Gap, Motorola, and Armani. Just this week, Dell and Microsoft joined the cause. Over the last year and a half, RED has generated $50 million for the Global Fund to Fight AIDS, tuberculosis, and Malaria. As a result, nearly 2 million people in Africa are receiving life-saving drugs today.

Bill Gates

Source: Bill Gates: World Economic Forum 2008: http://www.microsoft.com/Presspass/exec/billg/speeches/2008/01-24WEFDavos.mspx

Contributed by: ~C4Chaos

A Quote by Bill Gates on business, capitalism, conscious capitalism, conscious business, and creative capitalism

Why do people benefit in inverse proportion to their need? Well, market incentives make that happen.

In a system of capitalism, as people's wealth rises, the financial incentive to serve them rises. As their wealth falls, the financial incentive to serve them falls, until it becomes zero. We have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well.

The genius of capitalism lies in its ability to make self-interest serve the wider interest. The potential of a big financial return for innovation unleashes a broad set of talented people in pursuit of many different discoveries. This system, driven by self-interest, is responsible for the incredible innovations that have improved so many lives.

But to harness this power so it benefits everyone, we need to refine the system.

Bill Gates

Source: Bill Gates: World Economic Forum 2008: http://www.microsoft.com/Presspass/exec/billg/speeches/2008/01-24WEFDavos.mspx

Contributed by: ~C4Chaos

A Quote by Elon Musk on conscious capitalism and conscious business

Well, my motivation behind Tesla is really to do as much good as possible for the environment and the electric-vehicle revolution. I think there is still a lot of work to do and if we were to sell to a big company, I'm not sure it would progress at the same pace.

Elon Musk

Source: Interview: Tesla Motors' chairman Elon Musk: http://www.smartplanet.com/news/transport/10000748/interview-tesla-motors-chairman-elon-musk.htm

Contributed by: ~C4Chaos

A Quote by Elon Musk on envronment, carbon emission, transportation, and conscious business

The overarching goal of Tesla is to help reduce carbon emissions and that means low cost and high volume. We will also serve as an example to the auto industry, proving that the technology really works and customers want to buy electric vehicles.

Elon Musk

Source: Exclusive Q & A with Elon Musk on the Tesla Roadster and the future of EVs: http://www.autobloggreen.com/2006/07/26/exclusive-q-and-a-with-elon-musk-on-the-tesla-roadster-and-the-fut/

Contributed by: ~C4Chaos

A Quote by Yvon Chouinard on sustainability, conscious business, conscious capitalism, business, cradel to cradle, consumption, and recycling

...we've teamed up with some Japanese companies to, basically by 2010, make all our clothing out of recycled and recyclable fibers. And we're going to accept ownership of our products from birth to birth. So if you buy a jacket from us, or a shirt ,or a pair of pants, when you're done with it, you can give it back to us and we'll make more shirts and pants out of it.

Which is a different idea about consuming. Right now the world runs on consuming and discarding, and we're saying that we're taking responsibility for our products from birth to birth. Can you imagine if a computer company said, "When you're done with your computer, we'll buy it back from you and make more computers out of it." Instead, they sell you computer and you can't even get service from them!

It's a different way of accepting responsibility.

Yvon Chouinard

Source: The TH Interview: Yvon Chouinard, founder of Patagonia (Part One): http://www.treehugger.com/files/2008/02/the_th_interview_yvon_chouinard.php

Contributed by: ~C4Chaos

A Quote by Yvon Chouinard on business, conscious business, conscious capitalism, and sustainability

Yeah, leading an examined life, I always say, is a pain in the ass. It adds an element of complexity to business that most businessmen don't want to hear about. They just want to call a fabric manufacturer, and say, "Hey, give us 10,000 yards of shirting."

Yvon Chouinard

Source: The TH Interview: Yvon Chouinard, founder of Patagonia (Part One): http://www.treehugger.com/files/2008/02/the_th_interview_yvon_chouinard.php

Contributed by: ~C4Chaos

A Quote by Ray Anderson on status quoe, ethics, business, green, conscious business, conscious capitalism, and environment

The status quo is a product of our culture or our culture is a product of the status quo -- I’m sure which is the effect and which is the product -- there is probably a feedback loop there that is mutually reinforcing. But we have a culture that says "hey, look around. This place called Earth was created for you and you can do anything you want with it."

And of course we know that is flawed. We belong to it, it doesn’t belong to us. It’s a flawed world view. You see evidence of it all around us -- this idea that resources are limitless and we will never run out. Or that we can put anything we want to into the earth, throw poison into the sink. It’s very adolescent thinking. But yet there is a growing sense of ethics. We see a clear cutting in an old growth forest we say "that’s wrong." We see fish that are deformed from PCBs and we know that it’s wrong. We are waking up to the environmental ethics of living in paradise.

Ray Anderson

Source: Ray Anderson on conquering Mount Sustainability: http://www.greenlivingonline.com/Business/ray-anderson-conquering-mount-sustainability-and-inspiring-us-along-the-way/

Contributed by: ~C4Chaos

A Quote by Ray Anderson on bottom line, business, conscious business, conscious capitalism, honesty, sustainability, green, and environment

We need an honest bottom line. Today that bottom line is vastly subsidized. If anyone of us were paying the full cost of oil our bottom lines would be very different. If you internalize the cost of oil, look at the cost of the war in the Middle East or the cost of global warming for future generations, if you internalize those external costs and what you pay, that bottom line would look very different, what ever business you are in. If we somehow put a value on species extinction and factor that into our costs that bottom line would look very different. IF we put any resource depletion into costs our bottom line would change. So what we have is a dishonest market that does not take into account all the costs when it establishes its prices. We need an honest marketplace before we can let the market work for sustainability rather than against it as it works today.

Ray Anderson

Source: Ray Anderson on conquering Mount Sustainability: http://www.greenlivingonline.com/Business/ray-anderson-conquering-mount-sustainability-and-inspiring-us-along-the-way/

Contributed by: ~C4Chaos

A Quote by Ray Anderson on sustainability, conscious business, conscious capitalism, business, and profit

During the last five years, those four advantages—costs, products, people, goodwill—have been the salvation of Interface during a recession that saw our primary marketplace shrink by 38% from peak to trough—38%! As a heavily leveraged company with over $400 million in debt, we might not have made it without the sustainability initiative and, especially, the support of our customers. This revised definition of success—this new paradigm—has a name: “Doing well by doing good”. It is a better way to bigger profits.

Ray Anderson

Source: GNH 2: Ray Anderson Keynote: http://gpiatlantic.org/conference/proceedings/anderson.htm

Contributed by: ~C4Chaos

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