What Is Stakeholder Capitalism? Part 1

The Change Show with Simon Phillips

Part 1 of a two-part conversation with the author of the book, 5 Horizons, Steve Sanders. It's all about how companies can deliver significant benefit to the world by rethinking their approach to business. In this session, Steve reveals the origins of his thinking leading up to the writing of the book and the trends he's plotted along the way. What is Stakeholder Capitalism? Stakeholder Capitalism focuses on the discussion of planet vs profit. It's about corporate governance. It's about stakeholder analysis and thinking about the customer journey as well as the supply chain. For too long businesses have focused on one main stakeholder group and one metric - shareholders and stocks. Stakeholder Capitalism vs Shareholder Capitalism is about launching "Project Stakeholder Management" and looking at all of your stakeholders. In this interview with SimonPhillipsTCM, Steve Sanders argues that we're at a tipping point. Shareholder Capitalism has run its course. Following a career in transformation management in organisations such as IBM, Hewlett Packard, Ernst & Young and British Telecoms where the ability to systemize business systems was key. He's now turning his attention to capitalism power and enterprise digital transformation to show organisations how they can make a difference. #stakeholdercapitalism #stakeholders #corporategovernance

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