The stakeholder approach to business sees integration rather than separation, and sees how things fit together.
Sentiment: POSITIVE
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.
The more profit we make, the more stores we can open, the more donations we can make to our community, the more responsible citizens we can be for the environment. It's all interactive. It's all connected together. There's no separation.
Everything is interconnected. The moment you take philosophy, psychology, religion and business and look at the underlying commonalities, that's when you start looking at business in a different way.
Strategic partnership is based on a shared set of values.
Separation and devolution are two completely different concepts which cannot be mixed together. One is not a stop on the way to the other.
The way most people approach business - and the way they mostly teach in business school - involves the analytical mind. It divides it up and looks at parts in isolation.
The perception of what a thing is and the perception of what it means are not separate, either.
When you manage your company for long-term shareholders, and you manage the company for clients, two of the biggest stakeholders, you will make the right decisions.
The bottom-up, loosely-coupled, bilateral and multi-stakeholder practices that have created the network of networks we call the Internet allow for a broad range of business models.
It doesn't matter much where your company sits in its industry ecosystem, nor how vertically or horizontally integrated it is - what matters is its relative 'share of customer value' in the final product or solution, and its cost of producing that value.
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