• The 60 Second Leader
  • Seven Secrets of Inspired Leaders
  • The Little Book of Leadership
  • Leadership Hub for Corporates
  • Learning to Live with Huntington's Disease

The New Capitalist Manifesto by Umair Haque

The New Capitalist Manifesto: Building a Disruptively Better Business, by Umair Haque

What can I say, other than that I completely agree with the premise behind this book by Umair Haque – that the way too many large corporations are led delivers ‘thin value’: value spread thinly at the top and not encompassing all of the stakeholders – and that it’s time for new leadership and a new value proposition. Some companies are doing it already. Time for more. Here’s the blurb from publishers Harvard Business School:

“Welcome to the worst decade since the Great Depression. Trillions of dollars of financial assets destroyed; trillions in shareholder value vanished; worldwide GDP stalled.

“But this isn’t a financial crisis, or even an economic one, says Umair Haque. It’s a crisis of institutions-ideals inherited from the industrial age. These ideals include rampant exploitation of resources, top-down command of resource allocations, withholding of information from stakeholders to control them, and a single-minded pursuit of profit for its own sake.

“All this has produced “thin value”-short-term economic gains that accrue to some people far more than others, and that don’t make us happier or healthier. It has left resources depleted and has spawned conflict, organizational rigidity, economic stagnation, and nihilism.

In The New Capitalist Manifesto, Haque advocates a new set of ideals:

(1)Renewal: Use resources sustainably to maximize efficiencies,

(2) Democracy: Allocate resources democratically to foster organizational agility,

(3) Peace: Practice economic non-violence in business,

(4) Equity: Create industries that make the least well off better off, and

(5) Meaning: Generate payoffs that tangibly improve quality of life.

Yes, adopting these ideals requires bold and sustained changes. But some companies-Google, Walmart, Nike-are rising to the challenge. In this bold manifesto, Haque makes an irresistible business case for following their lead.”

Yep, I’ll buy into that.

Phil Dourado

Leave a Reply

Your email address will not be published. Required fields are marked *