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For decades, the principle of shareholder primacy dominated, making life simple for banks: maximize the banks’ owners’ returns. Recently, a concept of stakeholder primacy has surfaced that directs banks to disperse resources to all stakeholders and even to causes with little benefit to stakeholders. But is this tactic profitable for banks? ....
Paula Holanchock, assistant professor of Business Administration and director of the Social Entrepreneurship Program, encourages socially and environmentally conscious entrepreneurs and business leaders to consider a circular economic approach that embraces the triple bottom line. She inspires compassionate, regenerative, and responsible leaders to create prosperous and inclusive ‘life economies’ through spiritual decision-making and conscious leaders for systems change, regeneration, and organizational renewal.
When the head of BlackRock issued his annual letter to CEOs, his latest push for business leaders to embrace social purpose beyond profits continued to turn more than a few heads. ....