This Element examines the current crisis of capitalism's legitimacy and concludes that it derives principally from business pursuing an aberration of capitalism known as shareholder capitalism, in which firms sought to maximize shareholder value as reflected in the current share price, at the e...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Denning, Stephen 1944- (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Cambridge Cambridge University Press 2022
Schlagworte:	Capitalism Consumers Stockholders
Online-Zugang:	BSB01 FWS01 FWS02 UBG01 UEI03 Volltext
Zusammenfassung:	This Element examines the current crisis of capitalism's legitimacy and concludes that it derives principally from business pursuing an aberration of capitalism known as shareholder capitalism, in which firms sought to maximize shareholder value as reflected in the current share price, at the expense of all other stakeholders and society. Shareholder capitalism began in the 1970s and was renounced by the Business Roundtable in 2019, but continues behind a façade of stakeholder capitalism. Stakeholder capitalism is the most widely cited form of capitalism today, but it is incoherent as a practical guide to action for an entire firm. This Element concludes that a recent evolution of capitalism--customer capitalism--which gives primacy to co-creating value for customers and users, enables firms to master the challenges of the digital age, shower benefits on society, and meet the needs of all the stakeholders
Beschreibung:	Title from publisher's bibliographic system (viewed on 22 Nov 2022)
Beschreibung:	1 Online-Ressource (98 Seiten)
ISBN:	9781009332880
DOI:	10.1017/9781009332880