The Conscious Capitalists

Conscious Capitalism

Conscious Capitalism: contradiction in terms, or way of the future? Timothy Henry and Raj Sisodia, co-founders of the Conscious Capitalism movement and co-authors of ‘Conscious Capitalism - The Field Guide' get together and discuss current topics from the perspective of enlightened, conscious entrepreneurs and businesses. read less
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Episodes

Episode #97: How Shawn Nelson Built LoveSac by Thinking Differently
3d ago
Episode #97: How Shawn Nelson Built LoveSac by Thinking Differently
Imagine starting a business in your parents’ basement, winning Richard Branson’s Rebel Billionaire, and then turning your crazy idea—giant, overstuffed bean bags—into a $700 million furniture empire. Sounds like a movie, right? But for Shawn Nelson, it was just the beginning. He shares the highs, the lows, and the “what-was-I-thinking” moments that shaped LoveSac’s success, from near disasters to game-changing breakthroughs. Plus, he reveals how his ‘Designed for Life’ philosophy is shaking up an industry built on disposable furniture. If you love stories about bold ideas, big risks, and building a business that actually makes a difference—this one’s for you!**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & RajTime Stamps00:00 Introduction and Early Struggles00:36 Welcome to the Conscious Capitalists00:58 Meet Shawn Nelson, CEO of Lovesac03:01 The Origin Story of Lovesac06:27 Challenges and Triumphs14:50 The Branson Show Experience19:35 Failures and Lessons Learned23:00 Business Strategy and Conscious Capitalism32:05 The Journey of Self-Awareness34:21 Self-Awareness and Leadership37:27 Morning Routine and Meditation39:44 Building a Conscious Team42:28 Leadership Development and Culture46:47 Influential Books and Required Reading54:14 Public Company Challenges and Sustainability01:04:29 Final Thoughts and Reflections
Episode #96: Enhancing Communities Through Real Estate with Terry Montesi
Jan 20 2025
Episode #96: Enhancing Communities Through Real Estate with Terry Montesi
Meet Terry Montesi, CEO of Trademark Property, where his long-standing involvement in the conscious capitalism community and his approach to real estate development makes a mark unlike anything we've ever seen. Together, they discuss his philosophy of placemaking, which focuses on creating community-centered retail, multifamily, and mixed-use properties that evoke emotional connections. He shares insights on the evolution of retail spaces, the importance of stakeholder-oriented projects, and integrating sustainability and public art. Montesi also delves into the influence of his faith and servant leadership on his business practices, emphasizing the importance of caring for community needs, enhancing public spaces, and balancing purpose with profitability.**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & RajTime Stamps00:00 Introduction to Conscious Capitalism01:16 Meet Our Special Guest: Terry Montesi03:05 The Concept of Placemaking05:47 The Future of Retail and Placemaking10:33 Stakeholder Orientation in Real Estate26:06 Faith and Servant Leadership38:59 Advice for Young Entrepreneurs47:00 Closing Remarks and Reflections
Episode #95: Christine Heckart Reveals the Key to Thriving in Silicon Valley
Jan 6 2025
Episode #95: Christine Heckart Reveals the Key to Thriving in Silicon Valley
Christine Heckart isn’t just a leader—she’s a champion of creating workplaces where people can truly thrive. CEO of Xapa World and a veteran in the tech world with over 25 years of experience, her story is a testament to the power of leading with authenticity, empathy, and purpose—and she’s here to share it all.We talk about how to help individuals become their best selves both personally and professionally, and the importance of authenticity and empathy in leadership. Christine also shares practical insights on handling layoffs with compassion, building high-trust cultures, and maintaining a balanced life. **If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & RajTime Stamps00:00 Welcome to The Conscious Capitalists00:36 Introducing Christine Heckart02:38 Christine's Journey in Tech05:12 The Birth of Zappa07:24 Building High-Trust Cultures13:11 Leadership Lessons and Personal Growth19:19 Navigating COVID Challenges31:41 The Decline of Soft Skills Training in Companies32:35 The Importance of Employee Recognition33:33 Empowering Employees to Innovate34:46 Creating Empowered Environments35:35 Personal and Professional Growth at Zappa36:21 Christine's Legacy and Purpose39:57 Advice for Young Women in Tech46:17 Balancing Work and Personal Life55:04 Conscious Leadership and Board Governance58:51 Final Thoughts and Gratitude
Episode #94: The Marathon of Leadership: Roosevelt Giles' Journey to Impact
Dec 20 2024
Episode #94: The Marathon of Leadership: Roosevelt Giles' Journey to Impact
Meet Roosevelt Giles - a trailblazing leader with 35+ years of experience who has gained global recognition as a thought leader on Business Transformation the next wave, and Digital Strategy. He has managed domestic and global strategic and operationally complex operations. Giles has extensive omni-channel experience in Finance, Insurance, Global Manufacturing Supply Chains, Healthcare, and Technology. In this episode, Roosevelt shares insights from his remarkable career, including founding Endpoint Ventures and shaping diverse, impactful boards. He highlights the transformative power of diversity, education, and employee wellness in driving corporate success. From his roots as a sharecropper to becoming a marathon runner, Roosevelt's story is one of resilience and purpose. Don’t miss this inspiring dive into conscious leadership and creating lasting impact!**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & RajTime Stamps00:00 Welcome to The Conscious Capitalists00:13 Bangalore's Booming Business Scene01:16 Introducing Roosevelt Giles02:55 Roosevelt's Journey and Board Expertise04:35 The Stakeholder Impact Foundation06:20 Training Future Board Members25:53 Diversity and Modern Board Dynamics35:09 The Role of Board Members and Stakeholders36:43 The Importance of Inclusivity and Innovation37:23 Population Migration and Market Shifts38:10 The Power of Index Funds and Activism40:33 Personal Journey: From Sharecropping to Leadership41:47 Lessons from a Sharecropper's Son46:33 Building a Company with Employee Welfare56:06 The Marathon Man: A Personal Challenge01:02:00 Final Thoughts and Call to Action
Episode #93: How Regenerative Farming Is The Future with Ben Mand of Guayaki
Dec 9 2024
Episode #93: How Regenerative Farming Is The Future with Ben Mand of Guayaki
In this episode of The Conscious Capitalists, Timothy Henry and Raj Sisodia explore the transformative power of regenerative business with Ben Mand, CEO of Guayaki - best known for Yerba Mate. Drawing on his leadership experience at Guayaki, Harmless Harvest, and other mission-driven companies, Ben unpacks the shift from sustainability to regeneration, emphasizing how businesses can actively heal the planet while thriving. From the critical importance of soil health and biodiversity to revolutionizing supply chains with resilient, smart agricultural practices, this conversation dives deep into the potential of regenerative agriculture to create a net-positive impact. Packed with actionable insights, this episode is a must-listen for anyone passionate about redefining business as a force for good.**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & RajTime Stamps00:00 Introduction to the Conscious Capitalists00:35 Meet Ben Mand: CEO of Guayaquil Yerba Mate02:29 Understanding Yerba Mate04:07 Ben's Journey to Regenerative Business06:43 Challenges and Principles of Regenerative Practices17:08 The Importance of Soil Health20:34 Shifting Mindsets in Agriculture29:56 Consumer Awareness and Market Signals30:58 Bridging the Gap Between Intentions and Actions32:29 The Role of Retailers in Promoting Sustainable Choices34:16 Governance and Accountability in Business34:53 Integrating Regenerative Principles in Business Operations38:06 Balancing Impact and Financial Performance41:02 Building Resilient and Transparent Supply Chains48:36 The Importance of Regenerative Business Models56:35 Real-Life Examples of Regenerative Practices01:01:24 Conclusion and Final Thoughts
Episode #92: Timothy Henry’s Vision for Conscious Capitalism Inc.
Nov 25 2024
Episode #92: Timothy Henry’s Vision for Conscious Capitalism Inc.
Since 2008, Timothy Henry has played a pivotal role in reshaping how businesses view purpose and stakeholders.Now transitioning into the role of CEO, Timothy unveils his ambitious vision for the movement’s future. He emphasizes the importance of a global "How-To Academy" to equip leaders with actionable tools, robust strategic partnerships to amplify their reach, and stronger chapters to localize and personalize the movement’s principles. Through heartfelt storytelling and practical insights, this episode captures the essence of what conscious capitalism is all about: creating businesses that are not only profitable but also make the world a better place.**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!Time Stamps00:00 Introduction and Welcome01:07 The Journey of Conscious Capitalism01:46 Reflections on Progress and Challenges03:02 The Impact of Conscious Capitalism05:19 Leadership Transition: Timothy as CEO05:56 Vision for the Future09:23 Elevating Conscious Capitalism22:34 Building the Conscious Capitalism Academy24:51 Strategic Partnerships and Chapters45:27 Call to Action and Conclusion
Episode #91: Navigating the Workplace of TOMORROW with Dorie Clark!
Nov 11 2024
Episode #91: Navigating the Workplace of TOMORROW with Dorie Clark!
We're so excited to have probably one of the most interesting guests, Dorie Clark, a renowned expert on personal branding, career reinvention, and thought leadership. She's also a sought after speaker, consultant, author of several best selling books, including Reinventing You, Standout, and The Long Game. They delve into the concept of 'the long game mindset,' discussing its importance in today's fast-paced business environment. From the pressures of short-term thinking to achieving work-life balance and fostering an innovative company culture, Dorie also shares her journey from academia to becoming a thought leader, touching on her involvement with Broadway and the impact of AI on creativity.Tune in to learn valuable insights on how to navigate your career and make a meaningful impact.**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!Time Stamps00:00 Introduction to the Podcast and Guest Dory Clark02:30 Defining the Long Game Mindset04:26 Challenges of Conscious Leadership12:27 Dory Clark's Early Career and Education16:57 The Importance of Purpose in the Workplace20:05 Generational Perspectives on Work and Purpose23:37 AI's Impact on the Workplace and Future Careers26:38 Navigating the Future of Creativity with AI27:27 The Cognitive Revolution and Thought Leadership28:03 Advice on Thought Leadership and Conscious Capitalism28:46 The Recognized Expert Formula31:19 AI's Role in Thought Leadership35:35 Evolutionary Biology and System Change37:43 Reflections on the Political Landscape40:49 AI's Impact on Healthcare and Longevity43:13 Dory Clark's Journey into Musical Theater45:30 The 20% Time Rule for Creative Growth50:02 Closing Thoughts and Gratitude
REISSUE: Awake Not Woke Capitalism - Patagonia Leads The Way
Oct 28 2024
REISSUE: Awake Not Woke Capitalism - Patagonia Leads The Way
Check out an old episode from our vault with Charles Conn, who spoke at the CEO Summit (October 22-24) in Austin, Texas. This week join the chairperson of Patagonia, Charles Conn, as we discuss the change in ownership at Patagonia- a company now responsible to the planet!  Charles says “We (Patagonia) think companies should stand for something. And we're not afraid to say that we don't think companies should be neutral creators of profit that distribute that profit to shareholders”.  Now the Board and executives at Patagonia need to ask explicitly, how is this good for the planet!  Hear Charles talk about his views on the need for long-term thinking and how we need to look at the 'full cost' of the products we consume- what is the actual footprint of our consumption? As conscious consumers, we need to focus on owning fewer things but better things- Patagonia strives to make the best raincoat- and make it to last and be reused and recycled too!**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & Raj
Episode #90: How Purpose-Driven Leadership Transforms Your Business from NielsenIQ’s Tracey Massey
Oct 14 2024
Episode #90: How Purpose-Driven Leadership Transforms Your Business from NielsenIQ’s Tracey Massey
In this episode, we talk to Tracey Massey, former President of Mars Pet Food and current COO of NielsenIQ, about the power of purpose-driven leadership. Tracey shares her experience in aligning business strategy with a strong sense of purpose, revealing how this approach led to remarkable growth at Mars Pet Food. Now, she discusses her new role at NielsenIQ and explores the rise of conscious consumerism—where consumers prioritize ethical brands and sustainable practices in their purchasing decisions. Discover why purpose matters in today’s marketplace and how businesses can thrive by staying true to their values.**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & RajTime Stamps00:00 Introduction to Conscious Capitalism00:52 Meet Tracy Massey: A Leader with Purpose02:36 The Mars Pet Food Journey: Purpose in Action06:12 Expanding Horizons: From Pet Food to Veterinary Care08:34 Transition to Nielsen IQ: Data-Driven Leadership12:04 Understanding Conscious Consumerism14:36 The Rise of Conscious Consumerism15:34 Packaging and Messaging: The Key to Consumer Trust17:31 The Role of Data in Social Responsibility20:54 Navigating Political and Consumer Expectations21:39 Global Consumer Insights22:34 Conscious Leadership Journey25:46 Mars Leadership Development Program30:08 Creating Psychological Safety33:15 Empowering Women Leaders40:20 Diversity and Inclusion in the Workplace40:32 Closing Remarks and Future Events
REISSUE: PE leading the way on employee ownership!?! You heard that right!
Sep 30 2024
REISSUE: PE leading the way on employee ownership!?! You heard that right!
Check out an old episode from our vault with Pete Stravos, who will be speaking at the CEO Summit (October 22-24) in Austin, Texas. Click here to register and learn more about it.Pete Stravos at KKR is leading the way in driving outstanding returns through a focus on employee ownership and building great cultures. Simple formula- challenging to implement! Drive engagement and align incentives for success--- make front line workers care about the outcome and give them life changing opportunities to build financial wealth. The opportunity is huge! Only 20% of employees are actively engaged at work, the average turnover rate in the US is 40 % per year, and the Treasury Department estimates 70% of American workers are financially illiterate. Into this world comes Stravos with a plan to address these ills and make great returns for his investors. As he says, hard core capitalist love this because of the returns- they don’t have to buy into the philosophy. But those that understand the benefits of doing business this way love it!Peter summarizes, “We will exit 8-10 straight 3x deals, which I think in the history of private equity has never been done. I don't think any industry vertical at any firm ever will say, you know, 10, straight triples! And so I think it's going to be hard for people to say that this is hurting investors, that its’ doing anything other than driving great returns. **If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & RajTime Stamps00:00 Welcome to The Conscious Capitalists00:36 Introducing Pete Stavros01:44 The Importance of Employee Ownership04:33 Challenges and Misconceptions06:12 Personal Journey and Influences09:14 Implementing Employee Ownership13:25 Success Stories and Examples21:48 Ownership Works Initiative24:17 Documenting the Journey28:23 Sponsor Message: 2024 Conscious Capitalism CEO Summit29:14 Balancing Long-Term Investments in Private Equity30:31 Success Stories: Ingersoll Rand and Employee Engagement32:04 The Importance of Purpose and Mission in Business35:18 Due Diligence and Leadership in Private Equity39:15 Employee Ownership and Its Impact50:09 Challenges and Opportunities in Public Markets52:03 Recruitment and Retention at KKR56:40 Final Thoughts and Future Directions
Episode #89: Patagonia's Vincent Stanley on Responsible and Regenerative Business Practices
Sep 16 2024
Episode #89: Patagonia's Vincent Stanley on Responsible and Regenerative Business Practices
Have you ever considered the reality of what it means to be sustainable? Vincent Stanley of Patagonia has always had that as his main mission.He discusses the company's journey, from innovative initiatives like the Footprint Chronicles to adopting organic cotton, and the impact of the mission statement 'We're in business to save our home planet.' In this exclusive conversation, we touch on the importance of company culture, storytelling, and the need to integrate human and environmental values into business practice. Through examples and philosophical discussions, Vincent highlights the potential for businesses to create positive social and environmental change.**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & RajTime Stamps00:00 Introduction to Conscious Capitalism00:40 Meet Vincent Stanley of Patagonia02:02 Defining a Responsible Company05:20 Challenges and Innovations in Sustainability10:27 Patagonia's Commitment to Truth and Integrity14:30 Influencing Other Companies21:30 Patagonia's Mission and Ownership Changes25:39 Balancing Business and Environmental Goals29:47 The Role of Philosophy and Storytelling37:34 Advice for Conscious Business Leaders46:34 Engaging the Next Generation56:31 Closing Thoughts and Call to Action
Episode #88: Why Victor Cho Believes AI-Driven Companies Need a Human Touch
Sep 2 2024
Episode #88: Why Victor Cho Believes AI-Driven Companies Need a Human Touch
Do you think about how AI is going to shape our future in business?Victor Cho might have the answer! As a longtime member of the Conscious Capitalist community, he is a CEO/Advisor and Board Member (best known for his work with Emovid) with a deep passion for building online customers experiences that truly delight (Net Promoter 80+) and define markets. Victor's philosophy of considering society as a crucial fourth stakeholder in business, alongside employees, customers, and shareholder is grounded in his emphasis on transperancy, empathy, diversity and integrity.In this episode, he explains his operational framework for maximizing positive societal impacts, minimizing negative ones, and fostering transparency as well as the transformative potential of AI in business.**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & RajTime Stamps00:00 Welcome to The Conscious Capitalists00:23 Introducing Victor Cho01:44 Victor's Journey to the Fourth Stakeholder Philosophy04:05 Operationalizing Societal Impact06:09 Frameworks for Positive Business Impact14:15 The Role of Data and Collaboration19:29 AI and Social Responsibility22:42 AI's Impact on Business Models23:16 Cost Reduction and Efficiency24:15 Intelligence as a Service25:20 AI in Asynchronous Video Communication27:23 AI's Role in Conscious Capitalism31:15 The Future of Work with AI36:54 Leadership in the Age of AI38:14 The Importance of Suppliers and Authenticity42:03 Conclusion and Further Resources
Episode #87: Can Business Be a Force for Good? with Dr. Jay Jakub
Aug 19 2024
Episode #87: Can Business Be a Force for Good? with Dr. Jay Jakub
Have you ever thought about how you can solve the world's problems with your ideas? Dr. Jay Jakub believes that businesses can better position itself to solve the bigger problem; whether it be social, or environmental. He recounts the origins of the Economics of Mutuality (EOM) from his time as  Senior Director for External Research at Mars, Inc., and how he learned first-hand that businesses can shift from profit-centric models to purpose-driven practices that leverage social, human, and natural capitals.Join us as we explore the evolving landscape of stakeholder vs. shareholder capitalism, the challenges and opportunities of artificial intelligence (AI) and the vital role of business schools in fostering a broader, purpose-driven curriculum to drive folks to embrace a more conscious approach to business.**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & RajTime Stamps00:00 Merging Companies for Mutual Transformation01:12 Meet Dr. Jay Jakub: A Leader in Economics of Mutuality02:40 Understanding Economics of Mutuality04:07 Core Elements of Economics of Mutuality07:59 The Origins of Economics of Mutuality at Mars10:50 Implementing Stakeholder Capitalism18:55 Case Study: Novo Nordisk's Purpose Transformation23:08 Mars' Application of Economics of Mutuality26:29 Purpose-Driven Business Strategies29:48 Healing Business Through Mutual Value Creation32:12 Sponsor Message: 2024 Conscious Capitalism CEO Summit33:02 Personal Journeys and Faith34:32 Transition from Government to Business35:35 Advice for CEOs on Conscious Capitalism38:10 Challenges of Short-Term Market Focus43:04 Private Equity and Purpose-Driven Investments46:16 Navigating ESG and Compliance49:48 Stakeholder Orientation and Decision-Making52:33 Business Education and Conscious Capitalism01:02:29 Impact of AI on Economics of Mutuality01:05:24 Conclusion and Final Thoughts
Episode #86: Ryan Heckman: The Blue-Collar PE guy
Aug 5 2024
Episode #86: Ryan Heckman: The Blue-Collar PE guy
From Olympian to a backdoor entry into private equity, Ryan Heckman shares his story as a blue-collar PE executive aiming to elevate the industry. He began his career in private equity and, after nearly 20 years, transitioned to leading a successful startup. He later sold this business to a private equity firm.Now, as a co-founder of the groundbreaking private equity firm Rallyday, Ryan describes how they began by identifying everything wrong with the private equity world and then developing innovative approaches to address these issues. At Rallyday, they focus on being business builders rather than just investors. They view founders as their core customers, providing them with the love and support they need to build thriving businesses for the long term.Meet Ryan Heckman, a conscious leader who advocates for “Monster" leaders who are aggressively humble.**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & RajTime Stamps00:44 Introduction to the Conscious Capitalists01:03 Meet Ryan Heckman: A Journey in Private Equity03:02 From Athlete to Private Equity Executive05:33 Building and Selling a Business08:06 Founding Rally Day Partners09:27 Innovations in Private Equity15:46 Employee Ownership and Development20:18 Challenges and Opportunities in Private Equity25:15 Exiting Investments with Purpose27:31 Preparing for the Sale: Early Work and Employee Retention27:54 Ensuring Continuity of Purpose and Values Post-Sale29:24 Sponsorship Announcement: 2024 Conscious Capitalism CEO Summit30:14 Redefining Greatness: From Good to Great to Goodness32:16 The Importance of Courage in Leadership32:56 Lessons from an Olympic Athlete: Embracing Failure and Thriving36:57 The Concept of Thriving in Business and Community39:33 Stewardship and the Infinite Game42:11 Monster Leaders and Aggressive Humility47:08 Conscious Leadership and Community Development52:54 Closing Remarks and Gratitude
Episode #85: Elevating Capitalism - Profit Versus Profiteering with Chris Marquis
Jul 22 2024
Episode #85: Elevating Capitalism - Profit Versus Profiteering with Chris Marquis
Profit is essential for business, but what happens when it comes at the expense of society? Join us as we dive into this pressing issue with Chris Marquis, author of "The Profiteers: How Business Privatizes Profit and Socializes Costs." Marquis unpacks how companies often "socialize their costs" through harmful side effects and externalities, leaving society to pick up the tab.We explore the dark side of corporate profit-making, with the opioid crisis and Purdue Pharma serving as prime examples of how businesses can hide their negative impacts. Imagine a car's exhaust pipe feeding directly into the passenger compartment—that's the stark reality of pollution externalities affecting everyone, not just the polluters.But instead of pointing fingers, Marquis advocates for a transformation of our systems and markets. He emphasizes the need to evolve our practices to account for the true and total costs of doing business while preserving the best aspects of our market-based capitalist system. Tune in to discover how current business models contribute to environmental degradation, plastic pollution, biodiversity loss, and extreme social inequality, and why these practices are unsustainable in the long run. With Chris Marquis, we explore innovative ways to capture conscious businesses' true costs and profits, ensuring that profit remains beneficial and ethical.**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & RajTime Stamps00:00 Introduction to Profiteering and Externalities00:44 Welcome to the Conscious Capitalists Podcast01:22 Introducing Special Guest: Chris Marcus02:33 Critiquing Capitalism and Celebrating Its Potential04:27 The Legacy of Jack Welch and Shareholder Capitalism09:20 The Sociological Perspective on Business24:09 The Role of Business Schools in System Change33:31 The Urgency of Climate Action and Systemic Change36:28 Exploring Chinese Business and Authoritarianism42:08 Defining the Responsibility of Business43:48 The Concept of Regenerative Business Models48:38 Chris's Personal Journey and Pittsburgh's Transformation50:37 Conclusion and Final Thoughts
Episode #84: An Inspired Entrepreneur Thinking Out of The Box!
Jul 9 2024
Episode #84: An Inspired Entrepreneur Thinking Out of The Box!
Creating an inspiring company selling blankets? You bet!Bob Dalton, the CEO of Sackcloth and Ashes, embarked on a mission with a unique one-to-one business model: for every blanket sold, another is donated to a homeless shelter. His passion and creativity lead to innovative production methods, collaboration with Indigenous designers, and active engagement with grassroots movements across the country.One of his innovations is rethinking packaging - using it to inspire local grassroots connections and pay it forward by reusing the blanket boxes to donate items to homeless shelters.Inspiring and creative, Bob Dalton is an out-of-the-box entrepreneur. He will also be a speaker at The Conscious Capitalism CEO summit in October 2024.**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & RajTime Stamps00:00 Introduction and Personal Transformation00:43 Welcome to the Conscious Capitalists01:01 Introducing Bob Dalton and Sackcloth Ashes02:08 The Inspiration Behind Sackcloth Ashes04:14 Building the Business from Scratch06:11 The Meaning Behind the Name08:47 Impact and Redemption10:17 Marketing and Growth Strategies16:17 Empowering Local Communities32:23 Leadership and Future Vision
Episode #83: The whole story- the founding, growth and challenges of building Whole Foods
Jun 24 2024
Episode #83: The whole story- the founding, growth and challenges of building Whole Foods
In this episode, we welcome John Mackey, the visionary co-founder of Whole Foods Market and co-author of Conscious Capitalism. Hear the compelling story of the origins, challenges, and growth of Whole Foods from co-founder and long-time CEO John Mackey. From 1 store to over 500 stores, John shares important examples and practices of Conscious Capitalism in action at Whole Foods; from aligning values and value through compensation to the lessons learned from unionization efforts.John shares his journey of awakening through the lens of business, discussing the principles of conscious leadership and the significance of servant leadership in his career. The conversation delves deep into the philosophies and practices that have defined John's career, exploring the broader implications of conscious capitalism in today's business world.John also introduces his latest venture, Love.Life started with the sheer hunger to build a culture of prioritizing physical and mental well-being as well as personal growth and healing. Join us for a thought-provoking discussion that offers valuable insights into the transformative power of conscious business practices.**If you enjoy this podcast, would you consider leaving a review on Apple Podcasts or Spotify? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.Thank you for your support!- Timothy & Raj
Our Best Of: Everybody Matters - Truly Human Leadership at work!!
Feb 22 2024
Our Best Of: Everybody Matters - Truly Human Leadership at work!!
A good business model is the Ferrari engine—people are the fuel that makes it work! 14% CAGR for almost 25 years by caring, looking for goodness and saying thank you.  Hear practical examples of how Barry Wehmiller does it—and at the centre of it, leaders measuring success by the lives they have touched. This approach to leadership and culture that has worked in over a 100 acquisitions- across the globe- a better way of doing business! Join us to hear the inspiring story of Bob Chapman CEO of Barry Wehmiller- WHAT they do is provide the industrial equipment and engineering solutions that  help bring many of life’s daily necessities - toilet tissue and wet wipes, corrugated boxes, cans of soft drinks, bags of dog food, containers of yogurt, pharmaceuticals, envelopes and more - to people across the globe.  But that’s just what they do.  What truly defines them as a business is HOW they do it, and that’s by fostering a caring, trusting, nurturing organizational culture through which people feel safe to express their ideas and share their gifts and talents.  Using the power of business to build a better world. ** If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience. Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts. For transcripts and show notes, please go to: https://www.theconsciouscapitalists.com Thank you for your support! Timothy & Raj