Stakeholder capitalism benefits all parties involved from "summary" of Reimagining Capitalism in a World on Fire by Rebecca Henderson
At first glance, the idea of stakeholder capitalism may seem counterintuitive to many business leaders. After all, aren't companies supposed to prioritize the interests of their shareholders above all else? However, upon closer inspection, it becomes clear that stakeholder capitalism can actually benefit all parties involved - including shareholders. By taking into account the needs and concerns of a wide range of stakeholders - such as employees, customers, communities, and the environment - companies can create long-term value that ultimately benefits their shareholders. For example, by treating their employees well and paying them fair wages, companies can improve employee morale, productivity, and retention rates. Likewise, by investing in sustainable practices that minimize their environmental impact, compani...
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