Search Results for: Friedman

If business schools can no longer teach ‘Friedman’ and profit maximisation – who, and what, should they teach?

Part 6 in our continuing series on the implications of ‘BRT’– see parts 1, 2, 3, 4, 5 Critical observers have been monitoring the seismic tremors underneath business education for many years. Now, the high salaries for MBA alumni are even more questionable, since … Continue reading

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Simplifying ESG – ‘S’ is for Global, Social and Corporate Reorganization

It is inevitable that ESG will lead to a new, global system of value management, in time. This new management system is dependent on the right approach and measurement system for the ‘S’. Oxford English Dictionary definition: ‘Social’ – adjective. … Continue reading

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Company legislation should mandate a Global, ESG Management System for Total Stakeholder Value

The Maturity Institute’s OMINDEX® provides a practical solution to the most wicked management problem facing the world Presumably, the purpose of company law is to ensure that companies behave responsibly? In UK company law, Section 172 of the Companies Act … Continue reading

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Davos: 50 years old and still no working model for a new world system of Total Stakeholder Value

Davos this year coincides with the 50th birthday of the World Economic Forum (WEF). So Gillian Tett, under the FT’s Moral Money series, chose this opportunity to ask its founder, Klaus Schwab, a list of fundamental questions about the relevance … Continue reading

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Business Roundtable Statement: Context dictates what CEOs and their management consultants can do.

This is Part 7 in our BRT Series – see parts 1,  2,  3,  4,  5,  6 It is a truism that management consultants can only be as good as the organizational context in which they work. This has been … Continue reading

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How HR will have to change if it wants to be part of the ‘Total Stakeholder Value’ (TSV) Organization

Part 5 in our ‘BRT’ series – see parts 1, 2, 3, 4 In Part 3 of this series I explained some of the broader implications stemming from The Business Roundtable’s (BRT) ‘Statement on the Purpose of a Corporation’. Now … Continue reading

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OMINDEX predicts the likelihood of catastrophes arising from corporate purpose that puts profit before people.

“There is a climate change component to this…but there’s also a failure of management.” said Michael W. Wara, director, climate and energy policy program at Stanford University Pacific Gas & Electric (PG&E Corporation) came to widespread prominence in the 1990s … Continue reading

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US Roundtable’s statement: the full implications of ‘Total Stakeholder Value’ as corporate purpose.

“It’s almost astonishing… (BRT are) in effect coming right out and saying, ‘We’ve been wrong for the last 20 years…some folks in the BRT are recognizing there’s something unsustainable about an economy that’s all about shareholder primacy.  … it’s probably … Continue reading

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How the Business Roundtable (BRT) can fulfil their commitment to “deliver value for all” stakeholders – and empower others to do the same

Have US CEOs finally shaken off the Friedman doctrine they subscribed to for nearly 50 years? They have certainly taken a bold step to legitimately grant themselves permission to put societal value first. They must, however, determine a common purpose … Continue reading

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Financial Times – “Business must act on a new corporate purpose”. The alternative can only be Total Stakeholder Value

This is Part 1 in our BRT Series – see parts  2, 3, 4, 5, 6 Monday 19th August 2019 – mark it in your diary. It will forever be remembered as the day the world finally grew up, for the betterment of … Continue reading

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