Character-based Capitalism Program Featured in Crain’s Chicago Business

COVID’s pervasive impact on business cannot be understated. The challenges of higher wages, employee shortages, supply chain disruptions and remote working have shaken business operations to the core. Growth and profitability have suffered, demanding more effective approaches to relationships with all stakeholders: employees, customers, suppliers, shareholders and communities. Solutions to these challenges require strong leadership throughout an organization—not just from the top.

Having the right culture makes the difference. LEARN MORE

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The Right Culture. Culture influences behaviors and defines expectations and boundaries. Performance-excellence companies encourage an appreciation for others’ perspectives, attract and retain employees and customers, ensure employees are innovative and productive, strengthen supplier relationships, and keep employees aligned and connected for the work that needs to be done. Many business leaders are realizing that now is the time for implementing leadership practices that build and reinforce a culture that serves all stakeholders.

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GuideStar’s research identified the benefits and practices of Character-based Capitalism, a name we coined for this high-performing culture that combines the entrepreneurial spirit of capitalism with character, which fosters the collaboration and teamwork that drive innovation, productivity, agility and resilience. Employees with a capitalist mindset are motivated and empowered to think and act like owners.

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Culture beyond individual businesses. Can Character-based Capitalism have benefits beyond a company? Could it bridge differences dividing our nation?

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Dispelling the myth. Company earnings are improved by engaged employees, loyal customers, collaborative supplier relationships and supportive communities. Why should pursuing these objectives by doing what is right for these stakeholders be viewed as reducing returns to shareholders? Does doing what is right have high costs that come at the expense of shareholders?

Read the Crain’s Chicago Business article here: https://www.chicagobusiness.com/forum-ideas-esg-investing/capitalist-mindset-empowers-employees-think-and-act-owners

Also in the media:
Business Insider – https://markets.businessinsider.com/news/stocks/hrboost-introduces-character-based-capitalism-programs-1031167441
Chronicle – https://www.chicagochronicle.com/news/272274673/hrboost-introduces-character-based-capitalism-programs
Milwaukee News Net – https://www.milwaukeenews.net/news/272274673/hrboost-introduces-character-based-capitalism-programs

Ray Benedetto, from left, and Stephen Fallek are co-founders of GuideStar, a facilitator of organizational leadership development and performance excellence. Nicole Martin is founder and CEO of HRBOOST®, an HR outsource and consulting firm that provides GuideStar’s Character-based Capitalism programs for use by facilitators and coaches.