'Conscious Capitalism' Comes to Indy

Posted: Updated:
Lee says she was brought to the movement after being "absolutely blown away" by a Conscious Capitalism conference in Chicago three years ago. Lee says she was brought to the movement after being "absolutely blown away" by a Conscious Capitalism conference in Chicago three years ago.
INDIANAPOLIS -

An organization launching today in Indianapolis aims to change "the story of business that's been told for too long": that businesses only exist to make money. Conscious Capitalism International was formed based on research on the success of companies including Google, Whole Foods Market Inc. and Southwest Airlines Co. Longtime Walker executive Kim Graham Lee will lead the Indianapolis chapter, which she says will aim to show companies they can generate higher profits by serving a greater civic purpose.

Lee and Conscious Capitalism co-founder Raj Sisodia are taking part in launch events today for the initiative, which they say has helped increase profits for companies throughout the United States.

Conscious Capitalism International was founded about 10 years ago when Sisodia, a distinguished professor at Babson College in Massachusetts, and Whole Foods founder John Mackey wrote a book together focusing on 28 companies that are loved by their customers, employees and communities. When they expanded that research to cover 72 companies from around the world for the second edition of the book, Sisodia says they found those businesses outperformed the S&P 500 by a nine-to-one ratio over a 10-year period.

Sisodia says the goal is to show companies that success doesn't come from "squeezing employees and customers," but "creating value for everyone you touch." Ultimately, he says he wants the approaches of companies he studied to be mainstream, rather than outliers.

Lee says she was brought to the movement after being "absolutely blown away" by a Conscious Capitalism conference in Chicago three years ago. However, she says what she learned there aligned well with the findings of research she had been doing for years at Walker. Lee adds early members will be able to help shape the Indianapolis chapter, which she believes can help people who feel "pretty beaten up" by a business climate that sometimes values profits over people.

Conscious Capitalism Indianapolis will hold a launch event this evening at Delta Faucet Company in Indianapolis from 5:30-7:30 p.m. The organization will host a follow-up event Thursday, November 16 from 5:00-7:00 p.m. at the Blind Owl in Indianapolis. Early supporters include Walker, Ice Miller and the Indiana University Kelley School of Business.

  • Perspectives

    • We’re Having the Wrong Conversations About Safety

      Every time there’s a shooting at a school or a workplace, the arguments begin. We need more police officers stationed in the buildings. We need to arm teachers or encourage employees to carry handguns. We should invest in smokescreen systems or bulletproof partitions. Everyone should hide from the shooter. Everyone should run from the shooter. Everyone should confront the shooter. It’s healthy that we’re discussing safety, but unfortunately, we’re talking...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Forbes Ranks Top Colleges; 3 Indiana Schools Make the Cut

      Forbes released its 12th annual ranking of America’s Top Colleges based on direct benefits a university or college provides its students. Several Indiana universities made the list in some “sub-categories”, like Grateful Graduates Index, but the University of Notre Dame was the only school in the state to break the top 20 overall rankings.

    • West Lafayette Center Breaks Ground

      West Lafayette city officials this week broke ground on the $31.5 million West Lafayette Wellness and Aquatic Center at Cumberland Park. Plans for the 72,000-square-foot project feature a natatorium, three gymnasiums, exercise machines, free weights and community rooms. 

    • Photo courtesy of Crestwood Village

      Justus Rental Properties Details Closures

      Indianapolis-based Justus Rental Properties, Inc. has announced it will be closing its assisted living service line at Crestwood Village West and Crestwood Village East. The company is also is in the process of selling the both communities.

    • (photo courtesy of the Marshall County EDC)

      Wire and Cable Startup to Set Up Shop in Argos

      A startup wire and cable company has announced plans to launch operations in Marshall County. The Indiana Economic Development Corp. says Sequel Wire and Cable LLC will invest $53 million to purchase and equip the 50,000-square-foot Argos Manufacturing Center and create 120 jobs by the end of 2024. The company plans to expand the facility to more than 162,000 square feet and begin operations in early 2020. The $2.7 million Argos Manufacturing Center was built in part with...

    • We’re Having the Wrong Conversations About Safety

      Every time there’s a shooting at a school or a workplace, the arguments begin. We need more police officers stationed in the buildings. We need to arm teachers or encourage employees to carry handguns. We should invest in smokescreen systems or bulletproof partitions. Everyone should hide from the shooter. Everyone should run from the shooter. Everyone should confront the shooter. It’s healthy that we’re discussing safety, but unfortunately, we’re talking...