An Introduction to Faith-Based Capitalism

Davin Salvagno: 

• Underlines the direct connection between being a faith-based leader and how the organization treats all its stakeholders in the pursuit of its purpose.
• Believes profits are a measure of success and value creation rather than an end in and of itself; most people want to be part of an organization with a purpose rather than one that is only focused on short-term profits.
• Emphasizes the importance of faith-based capitalism, in which business owners are faithful stewards of their businesses, recognizing a purpose greater than profit.
• Highlights the significance of revisiting founding principles rooted in biblical truths, which have led to success and significance over time.
• Stresses the importance of treating people with love and respect, regardless of their beliefs, and how this value system is foundational in business reflected in how we treat our employees, customers, distribution and supply chain partners, communities, and investors.
• Remains confident that the principles of faith-based capitalism will thrive now that the virtue-signalers and green-washers who set back the movement have been put in their place.

JC Hite: 

• Discusses the integration of faith into his business, emphasizing the importance of showing Christ in everything they do and promoting leaders who may not share the same beliefs.
• Mentions the challenges of maintaining faith-based values in a diverse team and the importance of acting as a leader in a way that reflects Christ's teachings.
• Highlights the significance of creating a culture that shines through in all aspects of the business, including marketing.
• Companies that treat their stakeholders well will derive better results from their marketing than those who fail to keep their promises.
• Having a faith-based organization has not stopped his company from recruiting people from multiple walks of life, but he admits that some might not feel comfortable in an organization that holds voluntary prayer meetings each week.
• Believes that the principles of faith-based capitalism will continue to flourish because they generate better results over time.

Mike Sharrow: 

• Talks about the need for authenticity and truth in business, where faith-based business means integrated, authentic, and consistent living with one's beliefs.
• Emphasizes the importance of connecting faith to business practices, including how one treats people, makes decisions, and views others.
• Highlights the role of faith in driving dignity, respect, and care for people, and how these values are essential for long-term success in capitalism.
• Believes we're in an era in which most of humanity would say, we are tired of hypocrisy and corruption.
• Refers to an analysis of American capitalism by a Chinese scholar for the Chinese government finding that capitalism in the West has flourished despite fierce competition because of an underlying bedrock of Judeo-Christian values. These have prevented capitalism from spiraling down to the lowest-common denominator despite the prevalence of greed.
• CEOs often have to make decisions that hurt profits in the short-run to generate even greater success in the long run.

Enterprise Engagement Alliance Services
 
Celebrating our 15^th year, the Enterprise Engagement Alliance helps organizations enhance performance through:
 
1. Information and marketing opportunities on stakeholder management and total rewards:

• ESM Weekly on stakeholder management since 2009. Click here to subscribe; click here for media kit.
• RRN  Weekly on total rewards since 1996. Click here to subscribe; click here for media kit.
• EEA YouTube channel on enterprise engagement, human capital, and total rewards since 2020