The Importance of Stakeholder Capitalism | BCG at Davos

Director of Strategy at BrightHouse, a BCG Comapny, Judy Oh shares her views on why organizations need to focus not only on shareholders, but all their stakeholders in order to actively participate in tackling societal issues.

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[john]

I can't believe people don't see how stupid is that idea.

[John-FourteenSix]

Spoiler alert - Klaus Schwab is the new Bond villain.

[bartvanderhaegen]

A terrible idea. Companies need to have the freedom to figure out, and decide how to run their business. Coercing them to take into account the wishes of parties that don't even exist (like "the" society, or the planet) in that process is bad and dangerous. There is another problem, at the epistemological level: the long term is impacted by ideas (of people) that are not yet created, and thus the long term is inherently unpredictable. Using a prediction anyway as an argument to adjust all plans towards is simple false (and coercive again too)