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Enduring Business Ideas
- Some ideas published by HBR, like Michael Porter's five forces of strategy, remain fundamental decades later.
- It is fascinating how some theories, despite detractors, shape long-term business thinking profoundly.
Long History of Stakeholder Focus
- Concerns like corporate social responsibility and broad stakeholder attention date back to the 1930s and 1950s.
- What feels new today often has deep historical roots in business discussions.
Shift from Shareholder to Stakeholder
- Shareholder value maximization dominated business thinking for 50 years due to its simplicity and alignment benefits.
- Now, stakeholder capitalism is gaining traction, demanding new theories and measurement for broader corporate responsibility.