Paradigm shift in the business needed!
Adam Smith was a popular economist whom most of you would have heard of. His famous book 'The wealth of nations' (1776) is a renowned on how nations can build wealth (mercantilism), what government can help nations build wealth thru free market economy. I believe his ideas are even today implemented by corporate to create wealth and by Governments to implement policies to make a economy free-market based. But little did all of us knew that this method of creating wealth only had an adverse impact on our natural resources. Photo courtesy - Internet Few of us knew his book 'Theory of Moral Sentiments' (1759) was more apt to sustain the natural resources...in short doing business morally rather than keeping wealth as the primary motive. If only this theory had popularized over the principles dictated in Wealth of nations. I personally believe in the next decade, we will see this change happening across the organisations, Governments and S...