short thoughts — Profit optimisation is fine. Profit maximisation...

1.5M ratings
277k ratings

See, that’s what the app is perfect for.

Sounds perfect Wahhhh, I don’t wanna
Profit optimisation is fine. Profit maximisation isn’t. Turning a Nelsonian eye to everything apart from making money for shareholders is no longer acceptable - or commercially viable in the long run.
[[MORE]]Unilever’s CEO, Paul Polman, told the...

Profit optimisation is fine. Profit maximisation isn’t. Turning a Nelsonian eye to everything apart from making money for shareholders is no longer acceptable - or commercially viable in the long run.

Unilever’s CEO, Paul Polman, told the FT

“Any system where people don’t feel they’re participating somehow or are somehow excluded ultimately will rebel against itself.”

The solution? To evolve from shareholder primacy to broader stakeholder management.

Of course every business is ultimately in the business of staying in business. This involves creating sustained profit.

But generating profit over the long term requires loyalty from employees, building mutually beneficial relationships with suppliers and customers and nurturing support from the general community. These are bedrock PR skills.

These are short thoughts. For longer, more fully-formed thoughts covering business, public relations and change visit www.sabguthrie.info or sign up to email updates.

short thoughts business public relations PR shareholder

See more posts like this on Tumblr

#short thoughts #business #public relations #PR #shareholder