Future Tense Rethinking productivity and the pushback to shareholder capitalism
Aug 20, 2023
Rethink productivity by focusing on outcomes instead of output. Benefit corporations prioritize social and environmental goals. Compulsory savings model to control inflation. Embrace stakeholder capitalism and solve global problems. Legal structures and certifications for benefit corporations. Shift from fiscal to monetary policy dominance in managing inflation.
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Adopt Ownership Mindset
- Trust employees as fully formed adults by sharing purpose and outcome goals openly.
- Give teams autonomy, tools, and regular health checks to foster ownership and adaptability.
Humans Aren't Robots
- Treating humans like robots ignores their creativity, empathy, and adaptability needed for modern challenges.
- Personalized service and intelligent problem-solving require valuing human input beyond mechanistic productivity.
From Shareholder to Stakeholder Capitalism
- Shareholder primacy focuses solely on profits for owners and emerged strongly in the 1970s.
- Stakeholder capitalism broadens business goals to include social, environmental, and community benefits.