10 Things You Should Know about Stakeholder Capitalism

Barry Wehmiller

Oct 10, 2020

CEO Bob Chapman of Barry Wehmiller shares how creating a culture of trust and care led to profitable growth through 110 acquisitions. Their approach prioritizes human development, resulting in major performance advantages. The transformation of workplace culture at Barry Wehmiller has led to increased employee well-being and fulfillment, as detailed in the book 'Everybody Matters'.

22:15

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Episode guests

Bob Chapman

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Episode notes

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Quick takeaways

Corporate culture can drive human development and wellbeing, leading to performance advantages.

Valuing employees as individuals and fostering a supportive workplace culture contributes to business success and employee fulfillment.

Deep dives

The Evolution of Barry Waymiller Company

Barry Waymiller, a 135-year-old company founded by Mr. Barry and Mr. Waymiller, faced challenges after Mr. Waymiller's death. Bob Chapman, the current CEO, shares his journey from being offered a job by Mr. Waymiller to eventually becoming the CEO in 1975. Chapman's transformation initiatives included playing games at work to boost morale and establishing guiding principles of leadership. He emphasized the importance of treating employees like family and ensuring they feel valued.

Introduction

5min

Creation and Implementation of Guiding Principles of Leadership

3min

Reflections on Relationships and Responsibility

2min

Transforming Workplace Culture for Employee Well-being

10min

Building a Workplace Culture of Growth and Fulfillment

3min

Originally released on October 11, 2020, Episode 5 tells the story of Barry Wehmiller which, during the long tenure of CEO Bob Chapman, has grown into a $3 Billion global enterprise. For the last couple of decades, Chapman and his team have been focused on creating a culture of trust and caring that aims to help people discover their gifts, develop their gifts, and be appreciated for doing so.

The 5th thing you should know about stakeholder capitalism is that corporate culture can be a tremendous positive force to foster human development and wellbeing. And that when companies make that the goal of their workplace, major performance advantages accrue. Barry Whemiller has employed this strategy to complete more than 110 acquisitions worldwide, nearly all of them profitable.

There is much more to the story in a book called Everybody Matters and a short documentary film by the same title.

Barry Wehmillers Corporate training programs can be found at Chapman and Co.

The Methodology used in the corporate training is available to non-profits, government offices, and other community focused organisations through Our Community Listens.

Bob Chapman has a lot of additional free resources at Truly Human Leadership.

If you like the tunes in the episode you can listen to more music by the artists we featured.