Re:A Lifetime of Systems Thinking
by mathattack on Sunday June 06, 2021 @03:41PM
(#27415685)
I view him as defining value as to accrue to stakeholders, with employees as primary.
One way to frame the question is “If the company gets a million dollar windfall, who should get it?” Employees? Owners? Even the most customer centric company won’t say a cash payment to customers, though they may say improving service or R and D.
The vast majority of shareholders have very little skin in the game, while the employees of the company absolutely have a lot of skin in the game. The employees depend on the company for their livelihood, whereas a shareholder is generally just trying to make money on their money.