“Sarchasm: The gulf between the author of sarcastic wit and the person who doesn’t get it.”

Tuesday, February 26, 2013

Business Constituents

Many modern business texts used in MBA programs will tell you the "purpose of a business is to maximize shareholder value."

I think teaching that to tomorrow's managers and leaders is a bit misleading, and maybe misguided.

A business exists to meet the needs of three key constituencies:

  • Customers
  • Employees
  • Owners

It is important that a business has a strategy to meet all constituents' needs.

Read on for my thoughts.

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Tags:  business,  thoughts
Posted under: The Business World • by Rick on 02/26/2013 at 11:23 AM
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