There's a whole generation of young people who are faced with the so-called 'jobless recovery.' Necessity is the mother of invention. They are out there, all around the world, creating new companies.
Don TapscottRead
If you work for and eventually lead a company, understand that companies have multiple stakeholders including employees, customers, business partners and the communities within which they operate.
Interpretation
Leadership involves considering the interests of all stakeholders in a company.
This quote emphasizes the importance of a leaderβs awareness of the diverse stakeholders in a company, which include employees, customers, business partners, and the surrounding community. Effective leadership requires balancing these various interests to ensure sustainable success and a positive impact on all involved.
In practice
In a business presentation discussing the emphasis on stakeholder engagement.
There's a whole generation of young people who are faced with the so-called 'jobless recovery.' Necessity is the mother of invention. They are out there, all around the world, creating new companies.
Holding back technology to reserve business models is like allowing blacksmiths to veto the internal combustion engine in order to protect their horseshoes.
Throughout the 20th century, we created wealth through vertically integrated corporations. Now, we create wealth through networks. We are at a turning point in human history, where the industrial age has finally run out of gas.
Leadership is happening, but it's not coming from the leaders of the old institutions. Everywhere you look, you see these extraordinary, sparkling new initiatives that are under way.
The social world is transforming the way we create wealth, work, learn, play, raise our children, and probably the way we think.
In an age where everything and everyone is linked through networks of glass and air, no one - no business, organization, government agency, country - is an island. We need to do right by all our stakeholders, and that's how you create value for shareholders. And one thing is for sure - no organization can succeed in a world that is failing.
I've been a medical and public health professional as well as a mother. I became skilled at juggling a number of priorities and competing interests. Like many other female leaders, I've tried to serve as a role model for the young women at my organization who are trying to balance a high-level leadership position and a family.
The prevailing - and foolish - attitude is that a good manager can be a good manager anywhere, with no special knowledge of the production process he's managing. A man with a financial background may know nothing about manufacturing shoes or cars, but he's put in charge anyway.
In government institutions and in teaching, you need to inspire confidence. To achieve credibility, you have to very clearly explain what you are doing and why. The same principles apply to businesses.
I don't want people to think you have to look a certain way or be a certain mold to be able to be a quarterback.
And whether I earned your vote or not, I have listened to you. I have learned from you. And youβve made me a better president. And with your stories and your struggles, I return to the White House more determined and more inspired than ever about the work there is to do and the future that lies ahead.
The best organizations are filled with people who have a wealth of choices as to what work they choose to do. We need to give them every reason possible to solve the world's problems.
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