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What is stakeholder capitalism? | Hellenic Shipping News Worldwide


What is stakeholder capitalism?
These days, a lot of political and business leaders debate whether “stakeholder capitalism” would provide us with a better way to organize the economy. But what exactly is stakeholder capitalism, and where does it originate? In this blog, adapted from our book Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet, we like to tackle this question, and provide the reader with a clear answer.
History
The stakeholder concept goes a long way back: more than 50 years. I first wrote about it in 1971, when I was a young business academic. But its roots go even further. In the 1950s and 1960s, it was quite natural for a company and its CEO to consider not just shareholders, but everyone who as a “stake” in the success of a firm. ....

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