Skip to main content
Uncategorised

The Importance Of Shared Values

By 26/01/2019Nov 23rd, 2021No Comments

‘WE ARE ALL STAKEHOLDERS OF OUR GLOBAL FUTURE’: KLAUS SCHWAB, FOUNDER OF THE WORLD ECONOMIC FORUM, TALKS CHANGE AND PROGRESS

“Big issues in the world cannot be solved by governments alone,” Schwab said, speaking with TIME Editor-in-Chief and CEO Edward Felsenthal and National Correspondent Haley Sweetland Edwards in December.

Decades ago, Schwab helped define “stakeholder theory,” which holds that businesses are not only responsible to their shareholders, but also to the wider array of “stakeholders” — employees, governments, customers and others — that it impacts.

“Business has a big role to play. Civil Society has a big role to play. So we are all stakeholders of our global future,” he said.

For Schwab, securing the future requires that we embrace change, rather than shy away from it.

“What today I think is dividing society is the gap between those who embrace change, who look forward, who have a constructive approach to life, who know that we have to adapt our institutions, and those who want to retreat to a ‘good old world,’ which in practice doesn’t anymore exist,” he said

So the question I am going to ask you reading this, are you aiding inequality or fuelling it with the choices you make with your personal and professional buying power? are you choosing companies who understand and demonstrate stakeholder value? if not you are just accelerating the decline of the middle class increasing polarisation and sparking its ramifications.

— Wendy Mahoney