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Business/Investing An Entrepreneurial Approach To Stewardship Accountability: Corporate Residual And Global Poverty

Posted on 2010-03-15




Name:Business/Investing An Entrepreneurial Approach To Stewardship Accountability: Corporate Residual And Global Poverty
ASIN/ISBN:9812560068
Language:English
File size:2.5 Mb
Publisher: World Scientific Publishing Company
Publish Date: 2004-12-31
ISBN: 9812560068
File Type: PDF
Pages: 196 pages
File Size: 2.5 MB
   Business/Investing An Entrepreneurial Approach To Stewardship Accountability: Corporate Residual And Global Poverty



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Raymond W. Y. Kao Kenneth R. Kao Rowland R. Kao, "An Entrepreneurial Approach To Stewardship Accountability: Corporate Residual And Global Poverty 2004-12"

The continuation of global poverty is inextricably entwined with the fundamental philosophy of the market economy. It is driven by the individual's neverending desire for "profit", leading to a critically imbalanced distribution of resources. As an entrepreneurial initiative, this book advocates a shift in the responsibility for relief of poverty away from the government to the private sector, and in particular to corporate entities. The concept of the "residual" is used as the cornerstone of business operations and wealth distribution. Corporate decision-makers, while making proprietary decisions for resources allocation, must assume stewardship responsibility and be accountable not just to financial investors but to all contributors of the corporate entity.

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