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
What this quote means
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.
Themes
LeadershipStakeholdersCompaniesEmployeesCommunityBusinessPartners
In practice
Example use cases
In a business presentation discussing the emphasis on stakeholder engagement.
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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.
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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.
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