I saw this cartoon on Twitter and was reminded that I’ve not posted about the real purpose of business in years. A few posts on that and related topics:
Shareholder Value
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I saw this cartoon on Twitter and was reminded that I’ve not posted about the real purpose of business in years. A few posts on that and related topics:
I categorize companies into three categories: A- Companies focused solely on profits, running extractive businesses, unconscious to the needs of their employees, their communities, and the world as a whole. Most of the S&P 500 and Global 1,000 are in this group. B- Companies that truly care about ESG: Environment, Social, and Governance. In short, companies whose management works on improving...
Nothing lasts forever is misleading. It implies that some things last for long periods of time. Western philosophy craves stability, predictability and tradition. We want today to be a lot like yesterday. We get upset when it isn’t. Buddhism has a different view. Buddha taught that the only constant is change. That nothing ever stays the same. That everything is...
Most of us have heard of the Golden Rule and maybe some of us Singer’s Platinum Rule. Somehow, despite these ideas prevalently taught around the world, these rules are not prevalently followed. I propose two simpler rules, the Iron Nickel Rules, so-called as the core of the planet is made from a blend of iron and nickel metals, and these two simple rules can be a core to every relationship...
Today’s Fast Company article (seen above) was forwarded to me today by one of my fledglings. Two answers to their question: First, why are they not counting Whole Foods, Zipcar, Etsy, and EBay? How about Twitter? These are companies that set up to improve health, the environment or build communities. Talk to Fred Wilson at Union Square Ventures and he’ll tell you they are social...
Five years ago when this blog was new, I posted an Ignite talk about the true purpose of business. Two years ago, I reprised that topic to help break the myth that the (sole) purpose of business is to maximize shareholder value. My podcast is almost a year old, and last week I not only (re)explained the Ignite talk with more words, but then spent the week talking what Apple, Google, Facebook, and...
