Tag Archives: shareholder value model

Capitalism as an Ecological Process

On April 2 The Economist published a book review of Valuation: Measuring and Managing the Value of Corporations, a 700-page manual on corporate finance and shareholder value published by McKinsey & Company. The views in both the book and the … Continue reading

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The “3Rs” of Management Part II: Rationality and Power

Walter Bagehot once wrote that “The whole history of civilization is strewn with creeds and institutions which were invaluable at first, and deadly afterwards”. Following on my blog from last week, I think that this is a fair description of … Continue reading

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The Natural Case for Employee Engagement

Yesterday the Strategic Management Bureau asked, “Is the unending search for ‘the business case’ for employee engagement a futile exercise?” and cited an article on the topic. In my response to the question I suggested that the attempt to create … Continue reading

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The Drucker Forum: A Bridge from the Past to the Future

Today I am headed to Vienna to take part in the 4th Global Drucker Forum, where an essay I wrote earlier this year has won second prize in the manager/entrepreneur category. The Drucker Global Essay Challenge has two categories – … Continue reading

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Shareholder Value Part III: A New Narrative for Capitalism

The ripples from Joe Nocera’s August 10 column in The New York Times, “Down With Shareholder Value” continue to radiate throughout the blogosphere. This past week I came across Miguel Padró’s Yahoo blog, “Is ‘Maximizing Shareholder Value’ No Longer the … Continue reading

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Shareholder Value – Part II: “Down with Shareholder Value”

In Saturday’s New York Times, Joe Nocera wrote a column entitled “Down With Shareholder Value”. In it he traced briefly the rise of the concept and then suggested that we are at the “dawn of a new movement”, although it … Continue reading

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Is “Shareholder Value” a Myth or a Tool for Corporate Euthanasia?

I have been reading Lynn Stout’s The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations and The Public. It is a short, highly readable book, written with the objective of demolishing what Professor Stout calls the “shareholder value … Continue reading

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When Means Become Ends: Have our institutions lost their sense of purpose?

Forty years ago going to business school in the Western World, with a view to becoming a manager, was seen as an honorable endeavor. Back then we believed that management was a calling; a practice that had the potential to become … Continue reading

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Ecological Rationality: Coming Soon to a Website Near You!

In the dance of the seven veils (or is it seven dust covers?) that make up the pre-launch of The New Ecology of Leadership, the next scheduled event is the posting of the Introduction as an excerpt. I don’t have … Continue reading

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