An Entrepreneurial Approach to Stewardship Accountability: Corporate Residual and Global Poverty

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World Scientific, 2005 - Business & Economics - 182 pages
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The continuation of global poverty is inextricably entwined with the fundamental philosophy of the market economy. It is driven by the individual's neverending desire for ?profit?, leading to a critically imbalanced distribution of resources. As an entrepreneurial initiative, this book advocates a shift in the responsibility for relief of poverty away from the government to the private sector, and in particular to corporate entities. The concept of the ?residual? is used as the cornerstone of business operations and wealth distribution. Corporate decision-makers, while making proprietary decisions for resources allocation, must assume stewardship responsibility and be accountable not just to financial investors but to all contributors of the corporate entity.
 

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Contents

The BandAid Approach to Human Poverty
20
The Nature of Ownership
39
Custodianship Ownership Rights
56
Chapters Cost
70
From Cost to Profit
88
The Market Economy Profit and Corporate Residual
105
Residual and Social Enterprise
120
How Accounting May Help to Relieve the Pressure
134
Is it the End or an End of a Beginning?
149
Index
171
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