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Book part
Publication date: 8 September 2023

Payal Kumar

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Gender Equity in Hospitality: The Case of India
Type: Book
ISBN: 978-1-80382-666-0

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Book part
Publication date: 27 July 2023

Oswald A. J. Mascarenhas, Munish Thakur and Payal Kumar

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A Primer on Critical Thinking and Business Ethics
Type: Book
ISBN: 978-1-83753-308-4

Abstract

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Gender Equity in Hospitality: The Case of India
Type: Book
ISBN: 978-1-80382-666-0

Content available
Book part
Publication date: 4 March 2024

Oswald A. J. Mascarenhas, Munish Thakur and Payal Kumar

Abstract

Details

A Primer on Critical Thinking and Business Ethics
Type: Book
ISBN: 978-1-83753-312-1

Abstract

Details

Gender Equity in Hospitality: The Case of India
Type: Book
ISBN: 978-1-80382-666-0

Book part
Publication date: 8 September 2023

Payal Kumar

Abstract

Details

Gender Equity in Hospitality: The Case of India
Type: Book
ISBN: 978-1-80382-666-0

Abstract

Details

Gender Equity in Hospitality: The Case of India
Type: Book
ISBN: 978-1-80382-666-0

Content available
Book part
Publication date: 4 December 2023

Abstract

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Higher Education for the Sustainable Development Goals: Bridging the Global North and South
Type: Book
ISBN: 978-1-80382-526-7

Book part
Publication date: 8 September 2023

Payal Kumar

Abstract

Details

Gender Equity in Hospitality: The Case of India
Type: Book
ISBN: 978-1-80382-666-0

Book part
Publication date: 4 March 2024

Oswald A. J. Mascarenhas, Munish Thakur and Payal Kumar

In Chapter 1, we critically reviewed the foundations of the free enterprise capital system (FECS), which has been successful primarily because of its wealth and asset accumulation…

Abstract

Executive Summary

In Chapter 1, we critically reviewed the foundations of the free enterprise capital system (FECS), which has been successful primarily because of its wealth and asset accumulation potentiality and actuality. In this chapter, we critically argue that this capacity has been grounded upon the profit maximization (PM) theories, models, and paradigms of FECS. The intent of this chapter is not anti-PM. The PM models of FECS have worked and performed well for more than 200 years of the economic history of the United States and other developed countries, and this phenomenon is celebrated and featured as “market performativity.” However, market performativity has not truly benefitted the poor and the marginalized; on the contrary, market performativity has wittingly or unwittingly created gaping inequalities of wealth, income, opportunity, and prosperity. Critical thinking does not combat PM but challenges it with alternative models of profit sharing that promote social wealth, social welfare, social progress, and opportunity for all, which we explore here. Economic development without social progress breeds economic inequality and social injustice. Economic development alone is not enough; we should create a new paradigm in which economic development is the servant of social progress, not vice versa. Such a paradigm shift involves integrating the creativity and innovativity of market performativity and the goals and drives of social performativity together with PM, that is, from market performativity to social performativity.

Details

A Primer on Critical Thinking and Business Ethics
Type: Book
ISBN: 978-1-83753-312-1

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