Summary of ‘Inclusive Growth and Prosperity’ – For Whom?

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‘Inclusive Growth and Prosperity’ – For Whom? summary
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Management and business visionary Peter Drucker’s message to business leaders was unequivocal: You are responsible not just for the performance of your company, but also for the well-being of society at large. Looking at the last decades’ slow economic recovery, business writer Simon Caulkin argues that companies have for the most part forgotten that responsibility, leaving society more unequal and insecure than before. He suggests that business leaders can create a win-win situation for their companies and society by starting to invest again in innovation and jobs. getAbstract recommends Caulkin’s passionate essay to business leaders in every sector. 

In this summary, you will learn

  • Why inequality and economic insecurity have increased in the past decade, and
  • How company managers can simultaneously grow their companies and promote broad-based prosperity.
 

About the Author

Simon Caulkin is a writer and former management columnist of the UK Sunday newspaper The Observer

 

Summary

Job growth and wage increases used to be the engine of economic growth cycles. More money in the pockets of consumers boosted demand and investment, which led to even more job creation. These traditional growth cycles not only helped redistribute newly created wealth, but they also provided an avenue for social mobility and inclusion.

The economic growth that followed the 2007-2008 global financial crisis, however, didn’t fit the traditional economic growth model. Instead of investing in innovation and jobs, companies...


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