Capitalism is based on the creation of profitable organizations that could only exist by providing high quality and efficient products and services. The for-profit nature of companies forces them to find efficiencies in operations and production. This leads to greater profits, which can then be applied to social initiatives. The globalization of business has given [...]
February 28, 2013
Profits and Purpose: The Free Market at its Finest
Instead of discussing capitalism from the traditional sense of profit maximization, let’s discuss it from the standpoint of purpose maximization. Can a company serve a purpose beyond maximizing wealth for its shareholders? I contend that it can, and the development of companies in the past few years that are both socially responsible and profitable is [...]
February 1, 2013
The Fall of Capitalism
The “art and science” of business is constantly evolving. As companies grow, new business methods and best practices are put into action. It was once commonly thought that maximizing shareholder wealth was the most important philosophy, but some companies have moved on to consider the corporate social responsibility (CSR) movement. Now a growing new trend [...]
January 17, 2013
Hispanic Community
I recently spoke to local Hispanic business leaders and challenged them to create opportunities for educating the Latino population, which lags behind all other ethnic groups. Today, Hispanics are now the largest minority group in the U.S. at 47 million individuals and growing. More than half of Maryland’s 66,000 new residents last year were Hispanic. [...]
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Jorge Haddock
Jorge Haddock joined the School of Management at George Mason University as dean in July 2009. He has been a consultant to several companies, including Mackie Designs, CSX World Terminals, Citicorp, Citibank (Wall Street) Bendix, Jiffy Lube and others. Haddock is a co-inventor of the patent “Method of System for Providing Credit Support to Parties Associated with Derivative and Other Financial Transactions.”
March 29, 2013
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