For the EVOLution of Business

Andrew Brady

Capitalism has created massive gains in prosperity and yet also led to such inequality that a majority of millennials don’t believe it’s the best way to organize our economy. Yet some companies embrace a more "conscious" capitalism, with a purpose beyond profit and a balancing of the needs of all stakeholders rather than prioritizing stockholders...and they end up more successful in the long run! Join the "For the EVOLution of Business" podcast to learn from business leaders at the forefront of Conscious Capitalism, creating more inclusive prosperity for society and the planet while also leading to more success for their companies. Our current version of capitalism is broken. It’s time "For The EVOLution of Business." Subscribe on Apple Podcasts, Stitcher or Google Podcasts! Or subscribe by email here: http://eepurl.com/dfZ945

  1. Is the Workplace the Perfect Place to Talk About Race? with Gina Greenlee and Margaret Greenberg

    05/27/2021

    Is the Workplace the Perfect Place to Talk About Race? with Gina Greenlee and Margaret Greenberg

    [2:20] The phone conversation that turned into their new book, The Business of Race [5:30] Gina and Margaret's reconnection after the murder of George Floyd [10:00] Applying a growth mindset to conversations about race Gina: "Avoiding the conversation and doing nothing is the wrong thing to do." Dolly Chugh's TED Talk - How to Let Go of Being a "Good" Person and Become a Better Person https://www.ted.com/talks/dolly_chugh_how_to_let_go_of_being_a_good_person_and_become_a_better_person?language=en [20:00] Navigating racial conversations in their friendship Gina: "Rather than conflict resolution, I like to think about conflict transformation. Conflict is a tool for transformation. That's how people grow. That's how you know what's really going on in your relationships. If you aren't willing to take that risk then you'll never know." [28:00] How discussions of race in society and the workplace have evolved - from compliance and avoiding lawsuits to belonging and equity Gina: "Regardless of how we racially identify, we're in this together." [34:45] Passing "The Kumbaya Test" as an ally [40:00] Picking your moments to bring up conversations about race [43:00] Why the workplace is the best place to talk about race -Often the first or only place that we interact with people of other races -One of few places in society where there is some civility -One of the places where you must keep learning and growing to stay relevant "The workplace is the place where people of many different backgrounds and skillsets work together toward a common goal." [49:30] Taking an asset rather than deficit based lens to diversity in the workplace [52:00] The business model of slavery Gina: "Their business model was always broken and not sustainable...Here's a business model that we propose that is an asset-based model that's not based on the economic oppression of humans. We want to say to business people, don't be afraid of addresses this, you know how to do it and we're going to show you how to do it with the tools that you've been using all along: strategy, project planning..." [1:01:45] The "work before the work" and "prepping for the talk" Free recommended resources Coursera "Race and Cultural Diversity in American Life" (Free) https://www.coursera.org/learn/race-cultural-diversity-american-life "Race, the Power of an Illusion" series: https://www.racepowerofanillusion.org/ Frontline: "A Class Divided" (Free): https://www.pbs.org/wgbh/frontline/film/class-divided/ Read their series on talking about race in the workplace: https://www.linkedin.com/pulse/race-america-part-i-workplace-perfect-place-discuss-margaret-h-/ Pre-order their book - Due August 31, 2021: https://www.amazon.com/Business-Race-Antiracist-Workplace_And-Actually/dp/126426884X/

    1h 10m
  2. Making REAL Progress on Diversity and Inclusion - Two Case Studies

    04/08/2021

    Making REAL Progress on Diversity and Inclusion - Two Case Studies

    Recorded April 8th, 2021 by the Rochester, NY chapter of the global Conscious Capitalism movement working to "elevate humanity through business." Conscious Capitalism is based on four key tenets: -Higher Purpose (beyond profit) -Stakeholder Orientation (balancing the needs of employees, customers, suppliers, investors, society and the environment, rather than prioritizing stockholders) -Conscious Leadership (servant leaders that focus on we rather than me, keeping the organization focused on living its purpose) -Conscious Culture (fosters love and care and focuses on the holistic wellbeing of employees) Our mission is to be students and teachers practicing Conscious Capitalism with the belief that these principles empower and advance human flourishing. Thanks to our Visionary Partners: The XLR8 Team, Inc., CleanCraft LLC, The Bonadio Group Learn more about our Rochester, NY Chapter: https://consciouscapitalismroc.org/ Learn more about the global Conscious Capitalism movement: https://consciouscapitalism.org/

    1h 1m
  3. The Future of Conscious Capitalism with Alexander McCobin and Curtis Hite

    02/25/2021

    The Future of Conscious Capitalism with Alexander McCobin and Curtis Hite

    Recorded February 24th, 2021 by the Rochester, NY chapter of the global Conscious Capitalism movement working to "elevate humanity through business." Conscious Capitalism is based on four key tenets: -Higher Purpose (beyond profit) -Stakeholder Orientation (balancing the needs of employees, customers, suppliers, investors, society and the environment, rather than prioritizing stockholders) -Conscious Leadership (servant leaders that focus on we rather than me, keeping the organization focused on living its purpose) -Conscious Culture (fosters love and care and focuses on the holistic wellbeing of employees) Our mission is to be students and teachers practicing Conscious Capitalism with the belief that these principles empower and advance human flourishing. Thanks to our Visionary Partners: The XLR8 Team, Inc., CleanCraft LLC, The Bonadio Group Learn more about our Rochester, NY Chapter: https://consciouscapitalismroc.org/ Learn more about the global Conscious Capitalism movement: https://consciouscapitalism.org/ Learn more about Improving: https://improving.com/

    1h 15m
  4. The Intersection of Sustainability and Social Justice

    10/28/2020

    The Intersection of Sustainability and Social Justice

    Recorded October 27th by the Rochester, NY chapter of the global Conscious Capitalism movement working to "elevate humanity through business." Conscious Capitalism is based on four key tenets: -Higher Purpose (beyond profit) -Stakeholder Orientation (balancing the needs of employees, customers, suppliers, investors, society and the environment, rather than prioritizing stockholders) -Conscious Leadership (servant leaders that focus on we rather than me, keeping the organization focused on living its purpose) -Conscious Culture (fosters love and care and focuses on the holistic wellbeing of employees) Our mission is to be students and teachers practicing Conscious Capitalism with the belief that these principles empower and advance human flourishing. Thanks to our Visionary Partners: The XLR8 Team, Inc., CleanCraft LLC, The Bonadio Group Learn more about our Rochester, NY Chapter: https://consciouscapitalismroc.org/ Learn more about the global Conscious Capitalism movement: https://consciouscapitalism.org/

    1h 20m
  5. Radical Inclusion Through Open Hiring

    09/10/2020

    Radical Inclusion Through Open Hiring

    [3:40] Founding of Greyston by a then-Buddhist Monk Bernie Glassman [7:50] The business case for Open Hiring [11:15] Piloting Open Hiring in Rochester, NY [14:30] How to get started with Open Hiring at your business View Open Hiring 101 Webinar here: https://us02web.zoom.us/rec/play/uMIkI--uq2o3HNWRsgSDUaB9W42_J6yshCUeqfEOzBrgUXkFMwaiZbNGZeQovDN7MDyf3rEIpwA4qlMK?continueMode=true&_x_zm_rtaid=yxVvUoIWRC-8jUvM3MtFag.1595019369785.ac5752f410a180da626b89cee54f904e&_x_zm_rhtaid=319 [19:00] Open Hiring at the Body Shop - 60% reduction of turnover, productivity up 13%, reduced time to hire from 3-4 weeks to 7 days - hired 150 so far and looking to expand [21:45] How Open Hiring can actually INCREASE retention [28:30] How Open Hiring can inject purpose into an organization and positively impact the culture  [31:45] Sharing stories of impact with consumers [36:00] Radical inclusion through balancing accountability with support [38:30] Sara's path from Harvard Business School to Greyston [43:00] Mubarak's experience bridging non-profit and for profit [45:00] Defining success and looking toward the future of Open Hiring Learn more at www.greyston.org/about-the-greyston-center-for-open-hiring If you're in Rochester, contact Mubarak: mubarakb@greyston.org Otherwise, contact Sara at: saram@greyston.org

    49 min
  6. Capitalism For The Common Good with Adrian Hale

    09/03/2020

    Capitalism For The Common Good with Adrian Hale

    [3:00] Growing up in Rochester, then joining the Marines [6:30] Mentoring from Bob Duffy and coming back to Rochester [9:15] Applying his degree in urban education to Rochester's challenges [12:00] Taking a holistic approach to business - "differentiate free market, equal opportunity capitalism where there is healthy competition, from what we have now...corporate cannibalism" [15:00] "We need to be honest about tax avoidance...this idea that there is not an inherent obligation to the public good...by starving government, business is attempting to introduce themselves as saviors, which I'm hesitant to do. Doing good should not be an act of charity. Doing good should be part of our fundamental obligation to one another as people...there needs to be inherent in the business model, with this aspiration for profitability, how do we at the same time not create these negative externalities BEFORE you start thinking about how to do good." [20:00] "If you continue to subject people to a system that they know they have no real opportunity or chance of succeeding in, then you risk collapse...and if the system collapses, even those who have the most power become powerless." [23:00] How philanthropy can be a "Trojan horse" for corporate reputation that masks how inherent in their business model is the simultaneous cause of many of the problems they claim to ameliorate [27:00] Overcoming the temptation of short-term self interest - poverty as a deficit of aggregate choice - "for far too long, the nature of the problem has been ignored" - "so many people are better at being community-minded when they're OK...self-interest is inherently un-American" [34:00] Leading conversations on diversity, equity and inclusion in the Chamber and among Chamber members - New "Colors of Success" conversations, trainings and programming [40:00] Understanding systems and contexts that restrict opportunities [47:00] Attracting companies to Rochester, developing the talent they're looking for and enhancing the job quality [56:00] The intersection of education and poverty - "We need to focus on the policies, resource flows and conditions that are rendering them to a helpless status where they are not the determiners of who and what they can become. That is when we begin to deal with poverty. We cannot apply an ethics of individualism to people who cannot take action as individuals."

    1h 4m

  7. 08/27/2020

    Building Culture Virtually

    Recorded August 27th by the Rochester, NY chapter of the global Conscious Capitalism movement working to "elevate humanity through business." Conscious Capitalism is based on four key tenets: -Higher Purpose (beyond profit) -Stakeholder Orientation (balancing the needs of employees, customers, suppliers, investors, society and the environment, rather than prioritizing stockholders) -Conscious Leadership (servant leaders that focus on we rather than me, keeping the organization focused on living its purpose) -Conscious Culture (fosters love and care and focuses on the holistic wellbeing of employees) Our mission is to be students and teachers practicing Conscious Capitalism with the belief that these principles empower and advance human flourishing. Thanks to our Visionary Partners: The XLR8 Team, Inc., CleanCraft LLC, The Bonadio Group Learn more about our Rochester, NY Chapter: https://consciouscapitalismroc.org/ Learn more about the global Conscious Capitalism movement: https://consciouscapitalism.org/

    1h 13m
  8. Regional Collaboration for Equitable Growth with Joe Stefko of ROC2025

    08/24/2020

    Regional Collaboration for Equitable Growth with Joe Stefko of ROC2025

    [2:00]  Building an interest in political science [3:55] Establishment of ROC2025 from the Boston Consulting Group's report on regional economic growth - for coordination and resource cultivation [7:30] Four main goals of ROC2025: 1 - Adding 30,000 Net New Jobs 2 - Increasing Regional Wealth by 20% 3 - Elevating 20,000 out of Poverty 4 - Increasing Regional GDP by 10% [10:15] The intersection of economic growth and equity "Economically inclusive communities experience higher rates of job growth and higher rates of income growth. Equity isn't tangential to our mission. It really is central...it's an opportunity to contribute to a changed future for our community." says Dr. Joe Stefko, President & CEO of ROC2025. [12:00] "Just" Growth and taking a regional focus - Study and book: http://justgrowth.org/ [13:00] Other cities we can learn from and benchmarking against our peer metros [19:30] The impacts of COVID and Black Lives Matter on the 2025 goals [23:30] Early progress from initial investments of ROC2025 Strategic Pillars (in collaboration with other Rochester economic development organizations) [26:00] Talent strategy (with Rochester Chamber) - growing the size of the employable labor pool - both retaining local graduates and creating access and training for middle skills jobs  [33:00] Business attraction, retention and expansion (with Greater Rochester Enterprise) - 4 out of 5 new jobs are created by jobs that are already here! [36:30] Support innovation and downtown development (with Rochester Downtown Development Corporation) - mobility, placemaking and growing street-level activity in the urban core [40:00] Greater ROC regional branding campaign - an opportunity to tell our story in a bold, powerful and audacious way [43:00] This isn't the first regional branding campaign...what makes this time different? "This is an open source brand. This is not the ROC2025 story. This is the community's story...Ours is not a region of one story. Everybody seems to have a different lens on what they love about this region. What we've attempted to do is engage the community in building out that story. This will be an ever-evolving story if we do our job right. It will be a story that incorporates diverse voices and diverse perspectives on what makes our region great...or 'Greater.'" [50:15] How can business leaders get involved Learn more about ROC2025 at https://www.roc2025.org/ and about the Greater ROC branding campaign at https://greaterroc.com/

    53 min
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4.8
out of 5
10 Ratings

About

Capitalism has created massive gains in prosperity and yet also led to such inequality that a majority of millennials don’t believe it’s the best way to organize our economy. Yet some companies embrace a more "conscious" capitalism, with a purpose beyond profit and a balancing of the needs of all stakeholders rather than prioritizing stockholders...and they end up more successful in the long run! Join the "For the EVOLution of Business" podcast to learn from business leaders at the forefront of Conscious Capitalism, creating more inclusive prosperity for society and the planet while also leading to more success for their companies. Our current version of capitalism is broken. It’s time "For The EVOLution of Business." Subscribe on Apple Podcasts, Stitcher or Google Podcasts! Or subscribe by email here: http://eepurl.com/dfZ945

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