Reconciling Profitability and Responsibility

Stakeholder Value Perspective
Knowledge Center

 

Next Topic

Stakeholder Value Perspective > Forum > Reconciling Profitability and Responsibility

Reconciling Profitability and Responsibility
Emmanuel Fosu, Manager, Ghana, Member
Here’s a list of ways in which CEOs can deal with the trap of focusing solely on satisfying the shareholders or the stakeholders:
  1. Making all stakeholders of the business realize that win-win situations are key to the success of every business organization.
  2. Convincing all stakeholders that long term satisfaction of the shareholders (by maximizing profit and receiving higher and sustainable dividends) thrives on being responsible in the eyes of other stakeholders, including customers.
  3. Explaining the products a business sells strengthen its capital base, and that such sales depends on how confident stakeholders feel about the organization
  4. Convincing all stakeholders that being responsible means being profitable by satisfying/delighting the stakeholders.
Please add additional approaches to the list if you know of any, thanks…. (...) Read more? Sign up for free
 

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.

    Log in

         
Special Interest Group Leader

Interested? Sign up for free.


Stakeholder Value Perspective
Summary
Forum
Best Practices


    Stakeholder Value Perspective
    Knowledge Center

     

    Next Topic



    About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
    © 2019 12manage - The Executive Fast Track. V15.2 - Last updated: 11-12-2019. All names ™ of their owners.