Summary of Values-Driven Business

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Values-Driven Business book summary
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Rating

8 Overall

8 Applicability

6 Innovation

7 Style

Recommendation

Using examples from their personal experiences and from a wide variety of U.S. companies, Ben Cohen and Mal Warwick show how companies have incorporated socially progressive and environmental values into their daily business practices. The authors insist that companies can help their communities and make money at the same time, adding a new dimension to traditional business models, which focus only on profits. Although the authors’ enthusiasms sometimes carry them away - for example, they insist that customers who don’t share your values will respect you so much for them that they’ll stay loyal anyway - the "values-driven business" is an idea whose time has come. getAbstract recommends this book to business owners large and small who want the benefits of their work to extend beyond just themselves and their stakeholders.

In this summary, you will learn

  • How to implement the five principles that motivate values-driven businesses;
  • How some companies put their values in action;
  • Why values-driven companies succeed; and
  • How your stakeholders benefit from socially responsible practices.
 

About the Authors

Ben Cohen is co-founder of Ben & Jerry’s ice cream company, president of Business Leaders for Sensible Priorities and a founding member of the Social Venture Network. He is the co-author of Ben & Jerry’s Double Dip: Lead With Your Values and Make Money, Too. Business leader and consultant Mal Warwick is chair of the Social Venture Network Advisory Board.

 

Summary

Giving and Taking
A values-driven business focuses on profits, like any other company, but its bottom line also considers its employees, its community and the environment. Such businesses depend on give-and-take relationships with the following stakeholders: Employees - Define...

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    Jon Urquhart 2 years ago
    a great read! Values are clearly a competitive advantage.
    • Avatar
      Jennifer Amy 2 years ago
      Thanks for the suggestion! Will ready it for sure.

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