As we approach a transformative period in stakeholder capitalism, leaders like Klaus Schwab and Larry Fink are stepping down, prompting a crucial question: Who will continue their legacy?
Teaching business ethics for nearly 40 years has shown me that my students are eager to create meaningful societal change, and that business leaders also wish to address pressing problems.
The concept of stakeholder theory has evolved significantly since 1984, integrating into the operational principles of major corporations aiming for a balance between stakeholder needs and shareholder value.
Most Fortune 100 companies now adopt mission statements driven by stakeholder engagement, showing that contemporary business practices prioritize interdependence in creating shared value.
#stakeholder-capitalism #corporate-governance #leadership-transition #business-ethics #value-creation
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