Know your business history: this podcast episode from The Daily gives a nice run down of the transition from managerialism to shareholder primacy to where we are now, a moment when both the biggest investors and most influential CEOs are saying that employees, customers, and society should matter at least as much as shareholders.Read More
Last week I attended a one-day conference called “Leading For Good” at Loyola’s Baumhart Center for Social Enterprise and Responsibility, aimed at bringing together social and civic minded corporate executives from around the Chicago area. The connections and conversations were good, but in all honesty, I left frustrated that the conversation still mostly centered around whether or not a business should be doing good, rather than how it should go about doing it.
I guess I shouldn’t have been surprised. We have no common definition of business “purpose”, and no shared ethical framework for how to evaluate whether or not the decisions made by a business can be considered “good.”Read More
On a day when politicians and public figures tend to glorify Dr. King and his message while whitewashing his more radical ideas — let’s never forget that two-thirds of Americans had an unfavorable view of him in the year before he died — I always try to go back to his actual words, both to remind myself of what he was fighting for, and to remember how far we still have to go.Read More
A few weeks ago I re-read an article by the management thinker Peter Drucker from 2001 called “Will the corporation survive?” In it, he talks about his assumptions about the next phase of business. Since the 1970s, the economy had shifted to depend on “knowledge workers” — workers who make meaning out of information — and Drucker saw this shift putting power back into the hands of workers.Read More