ABSTRACT

Global corporations need to operate in new and fundamentally different ways. They need to be simultaneously profitable, ethical, and socially and environmentally responsible. A growing number of corporations are demonstrating that they can be profitable while being effective stewards. They have shown that doing this requires that corporations make major changes in how they are organized, managed, and how they relate to their multiple stakeholders. At this point, most companies are not serving as stewards, but there is evidence that more are shifting toward this role. In order for most global corporations to act as stewards, numerous social, political, and environmental changes are needed. It is not certain that these changes will occur quickly, given the current threats to humanity and the Earth.