* The recent shooting of UnitedHealthcare CEO Brian Thompson has sparked a wave of backlash against corporations, with many people expressing frustration and outrage towards capitalism and capitalists.
* Consumer, employee, and community frustration has escalated to outrage, with recent statistics showing a decline in trust and confidence in major companies.
* Key failures that have led to the growing backlash include:
+ Not delivering value for customers (e.g. high prices, poor service)
+ Not delivering value for employees (e.g. low pay, poor working conditions)
+ Not delivering value for communities (e.g. environmental degradation, social injustice)
* Companies must take a step back and reflect on their purpose, values, and impact on stakeholders to move towards success in all three areas.
* This requires painful trade-offs and compromises, such as increased pay for workers and more environmentally responsible sourcing, which may mean higher product prices.
* Companies that prioritize delivering value for customers, employees, and communities will be rewarded in the marketplace and perceived as more trustworthy.
* #CorporateSocialResponsibility
* #StakeholderCapitalism
* #BusinessRoundtable
* #PurposeDrivenCompanies
* #Sustainability
* #SocialImpact
* #CapitalismCritique
* #CorporateAccountability
https://hbr.org/2024/12/the-unitedhealthcare-ceo-shooting-should-be-a-turning-point-for-corporate-america
* #CorporateSocialResponsibility
* #StakeholderCapitalism
* #BusinessRoundtable
* #PurposeDrivenCompanies
* #Sustainability
* #SocialImpact
* #CapitalismCritique
* #CorporateAccountability
hbr.org/2024/12/the-...