An Entrepreneurial Approach to Stewardship Accountability

Corporate Residual and Global Poverty

Raymond W Y Kao, Kenneth R Kao;Rowland R Kao;;

• Publisher: WSPC
• Year: 2004
• Topic: Business
• eBook ISBN:
  9789813106390
• Subtopic: Entrepreneurship
• Index: Business

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.

Table of contents

• Contents
• Preface
• Chapter 1 Global Poverty and the Market Economy
• Chapter 2 The Band-Aid Approach to Human Poverty
• Chapter 3 The Nature of Ownership
• Chapter 4 Custodianship, Ownership Rights, and Stewardship Responsibility
• Chapter 5 Cost
• Chapter 6 From Cost to Profit
• Chapter 7 The Market Economy, Profit and Corporate Residual
• Chapter 8 Residual and Social Enterprise
• Chapter 9 How Accounting May Help to Relieve the Pressure of Global Poverty
• Chapter 10 Is it the End or an End of a Beginning?
• Index