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Conscious Capitalism ®
Business ethics courses, integrative courses, corporate governance courses.
Participants must take into consideration all stakeholders, including customers, stockholders, employees, suppliers, and the community and deal with ethical, environmental and sustainability issues in addition to the usual management challenges of running a business.
6 decision rounds, with each round taking 2 to 3 hours per student.
The Conscious Capitalism ® simulation challenges students to operate a conscious business in contrast to the traditional profit-maximizing business paradigm. They must consider all of the firm's stakeholders, including customers, stockholders, employees, suppliers, and the community. They must deal with ethical, environmental and sustainability issues, in addition to the usual management challenges of running a business.
You are about to start a new company that will be entering into the microcomputer business. You will have limited financial resources and complete accounting responsibility. You will provide the seed capital to start up your business. You can use this money to build a factory, open sales offices, and design brands. You will invest 2,000,000 in the first quarter and another 1,000,000 in each of the next 2 quarters. After this period, you will have the opportunity to approach the venture capital community for additional equity funding. In quarter 4, you will be able to receive up to an additional 5,000,000 for your future development. Potentially, you will have up to 9,000,000 to invest in this new enterprise. You will have a year and a half to get your company off the ground. Within this time frame, will you become a conscious business that aligns and harmonizes the interests of employees, customers, suppliers, the community, and shareholders.
Hard metrics: balanced scorecard model that measures profitability, customer satisfaction, market share in the targeted market segments, human resource management, asset management, preparedness for the future and wealth.
Soft metrics: Conscious actions indicating whether all stakeholders were valued.
Students can play against their peers.
This simulation was created in collaboration with the Conscious Capitalism Institute.