Stakeholder Capitalism

Stakeholder capitalism is an approach to managing businesses that prioritizes the interests of all stakeholders, not just shareholders. This means considering the needs of employees, customers, suppliers, communities, and the environment alongside financial profits. Advocates believe that by creating value for all stakeholders, businesses can foster long-term success and sustainability. This contrasts with the traditional model, which often focuses primarily on maximizing shareholder returns. In essence, stakeholder capitalism promotes a more holistic view of business responsibility and aims for a positive impact on society as a whole.