Critically evaluate John Lewis Partniership as an example of conscious capitalism Free Essay Example, 2250 words

This enabled the employees to be in a position to take forward Spedan Lewis experiment in the â€Å"industrial democracy†. The second trust settlement followed in the year 1950. Here, the residual interest of the partnership founder was transferred to the trust company (Bayley 2007, pp. 46–47). In order to match the technological advances and the changing socio-economic and environmental circumstance, the constitution of the company was updated a year before the millennium. The view of Spedan Lewis of what constitutes a business was in many respects visionary. His views were committed to establishing a better form of business, a kind of business that stakeholders demand does not drive it. The workforce partners are posed by continuous realization and evolution of the challenges provided by this vision. The ideal business of the model in John Lewis acts as an alternative to the adversarial style of manager-worker relations in organizations. The model used in John Lewis does not solve all the problems that may lead to workers tension. What it tries to create is transparency and discipline code of values for all the company’s partners and creates a good framework for looking at problems as a team and not as a manager (www. youtube. com). The constitution of the partnership outlines the all the expectations it has from its partners who are the employee. We will write a custom essay sample on Critically evaluate John Lewis Partniership as an example of conscious capitalism or any topic specifically for you Only $17.96 $11.86/pageorder now The expectations are clearly stated and are mutually supportive of the entire needs of the partners and partnership. The partnership of John Lewis contributes to the communities in which it operates in several ways including fostering links with institutions, local authorities, charities, and schools. The Council of partnership in John Lewis is significant in the enumerating the concerns of it partners (O’Regan & Ghobadian 2012, pp. 103–112). Evaluation of John Lewis Partnership principles John Lewis Partnership operates on four principles of power, profit, purpose, and members. Profits- the John Lewis partnership is aiming to make a huge amount of profit from its trading operations. This aimed so that it can be able to sustain its viability in commerce, distributing the profit shares to its members annually and financing of its continuous developments. Profits are important to the company thus it has to aim even higher every year. It helps John Lewis to undertake its other activities, which are always inconsistent with its ultimate goals and purposes (Baker 2003, p. 25). Purpose- John Lewis main purpose is to ensure maximum satisfaction and complete happiness of all its members.