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Businesses must focus on creating shared value for all stakeholders from "summary" of The Purpose Economy by Aaron Hurst
In a world where traditional business models are no longer enough, the concept of creating shared value for all stakeholders has become increasingly important. Companies must go beyond simply generating profits for shareholders and instead focus on how they can benefit everyone involved in their operations. This idea of shared value is not just about corporate social responsibility or philanthropy; it is about fundamentally rethinking the purpose of business. By considering the needs and interests of all stakeholders – including employees, customers, suppliers, and the community at large – companies can create more sustainable, long-term value for everyone. This shift in mindset requires a deep understanding of how businesses operate wit...
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