10 Things You Should Know about Stakeholder Capitalism
The State of the Movement
Nov 7, 2020
Experts Jay Jakub, Raj Sisodia, and Bob Chapman discuss the movement for stakeholder capitalism, highlighting the need for systemic change. They explore the shift from profit-driven models to stakeholder-centric approaches, emphasizing trust, inclusivity, and sustainability. The podcast delves into the challenges and benefits of embracing stakeholder capitalism in business and the importance of collaboration for a better future.
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Quick takeaways
- Transitioning to stakeholder capitalism involves shifting focus from maximizing shareholder returns to systemic transformations in business behavior.
- Companies must embody essential competencies like transparency, inclusivity, and solving societal problems to operate in the new stakeholder capitalism paradigm.
Deep dives
The Journey Towards Stakeholder Capitalism
The podcast episode delves into the journey towards stakeholder capitalism, where individuals aiming to make a positive impact on the world shifted their focus from traditional political battles towards a new paradigm. Transitioning from the old ways of maximizing shareholder returns to a more inclusive model, they forged global movements striving for systemic transformations in business behavior. Collaboration among various initiatives like Conscious Capitalism and B Corps under imperative 21 emphasizes the urgency and necessity of this shift towards stakeholder capitalism.
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