The New Imperative: Creating Value for Society, not just Shareholders
Anne Bahr Thompson

Posted on Leave a commentPosted in 10th Global Peter Drucker Forum

Today, it’s a given that that the playing field for business has changed. Technology and communications are continuously advancing. Dramatic sociopolitical events continue to occur at an accelerating pace. Global leaders have acknowledged that the UN’s Sustainable Development Goals (SDGs) cannot be met without private sector involvement. And people’s definitions of value are shifting alongside mounting evidence that social and environmental practices impact corporate performance over the long-term. There is no going back. The mantra that has defined our economy and our notions of capitalism for decades – the primary purpose of a corporation is to maximize profits and shareholder value – no longer speaks to the needs and practical realities of our modern society. […]