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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.
Don Tapscott
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Interpretation

What this quote means

Leadership involves considering the interests of all stakeholders in a company.

This quote emphasizes the importance of a leader’s 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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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.
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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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