Loyola to highlight the positive impact of 'spiritual capital'
Loyola press release - October 25, 2010
The Center for Spiritual Capital, in conjunction with the Loyola University New Orleans College of Business, will host an interactive discussion on the positive impact of “spiritual capital” in today’s volatile business climate, on Friday, Oct. 29, at 7 p.m., in Nunemaker Auditorium, located in Monroe Hall. The event, which is free and open to the public, features a viewing of the Emmy-nominated PBS documentary, “Doing Virtuous Business,” by Yale University’s Ted Malloch, Ph.D., followed by a panel discussion with Malloch in attendance.
A rash of recent corporate scandals, Ponzi schemes and devastating global economic conditions is causing many business leaders to reexamine their vision, mission and values. Many are discovering that by incorporating a "values-based" management strategy - a strategy based on specific, time-tested virtues - they can not only improve the bottom line, but they can also strengthen the company's relationships with customers, employees and vendors.
“The world of commerce cannot function properly without trust and honesty in the marketplace,” said Loyola business ethics chair Nick Capaldi, Ph.D. “Millions of people in the business community employ virtuous practices every day by simply doing the right thing.”
Capaldi points out that teaching the practice of strong business ethics to students builds on Loyola’s Catholic and Jesuit identity and that conducting a commercial enterprise devoid of these ethics spells disaster, both for the business and the economy as a whole.
“Bernie Madoff is a perfect example,” said Capaldi. “His lack of spiritual capital not only put him in jail, but ruined the lives of many people that invested with and believed in him.”
The screening of Malloch’s “Doing Virtuous Business” spotlights more than a dozen inspirational business success stories, featuring interviews with many of the most influential chief executives in the world, as well as some of the foremost academic leaders at the world's top management schools and universities.
Malloch has held an ambassadorial-level position at the United Nations, as well as senior policy positions at the U.S. Senate Committee on Foreign Relations and the U.S. Department of State. He is a research professor at Yale University, where he founded the Spiritual Capital Initiative.