Explain the three advantages of creative capitalism in relation to businesses
In this assignment, you will examine the concept of creative capitalism. Bill Gates, cofounder and chairperson of Microsoft Corporation, advocates that in addition to seeking profits, corporations should also become social entrepreneurs in order to help solve social problems. He has called this creative capitalism. Gates argues the desire to help others who are less fortunate should be as powerful a motivator as increasing profits for businesses today.
Go to the following link to read a transcript or watch a video of Bill Gates’ speech at the 2008 World Economic Forum:
Gates, B. (2008). Bill Gates—2008—World Economic Forum—Creative Capitalism. Bill and Melinda Gates Foundation. Retrieved from http://www.gatesfoundation.org/speeches-commentary/Pages/bill-gates-2008-world-economic-forum-creative-capitalism.aspx
Review the following:
General Electric (GE). (2011 ). Citizenship. Retrieved fromhttp://www.gecapital.com/en/our-company/citizenship.html
Walmart Corporate. Community and Giving. Retrieved fromhttp://walmartstores.com/CommunityGiving/
Using your textbook, the Argosy University online library resources, and the Internet, research the concept of creative capitalism. Select at least three references for use in your assignment (one may be your textbook).
Complete the following:
Explain free market capitalism
Describe creative capitalism
Explain the three advantages of creative capitalism in relation to businesses
Explain the concept of corporate social responsibility using two examples of socially responsible companies. Clearly and concisely support your examples and explain why these companies are considered socially responsible.
Comment on Gates’ creative capitalism. Do you think that creative capitalism can become the future of capitalism in the U.S.? Justify your response with examples and research.
Give reasons and illustrative examples in support.
Write a 5–6-page paper in Word format. Apply APA standards to citation of sources
………………………Answer preview……………………….
Free market capitalism can be described as a market economy which depends on the demand and supply of goods to determine the prices of the goods and services in the market. Under this market system, the government has very little or no control of what goes on in the market………………………..
APA
1457 words
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