by: Durwood, Ben
Source: The Beyster Institute
The term 'creative capitalism' describes a society in which companies strive for dual goals – profitability and social responsibility. Allocating ownership to employees helps re-distribute wealth, allowing lower- and middle-class workers to save more and retire earlier. Meanwhile, employee ownership plans transform a company's culture, because employees adopt the mentality of owners; they work harder and become more involved in process improvement and cost management, causing their company's net income to increase at a faster rate.
Link: Employee Ownership as Creative Capitalism
Publication Date: 2010-01-01