The New Math of Multistakeholderism
The shift away from a sole focus on financial returns to multistakeholder capitalism has involved a welcome rediscovery of the idea that businesses are social entities. Embracing this strategy requires a combinatorial accounting, taking into consideration the health of five types of stakeholders: employees, partners, and communities, along with investors and customers. This is not easy to achieve, even for companies that say they want to move in this direction.