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Author Talk: Tomorrow's capitalist is socially conscious
Video

Author Talk: Tomorrow's capitalist is socially conscious

Fortune Media’s Alan Murray says stakeholder capitalism is here to stay

McKinsey, 2022

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Editorial Rating

8

Qualities

  • Applicable
  • Eye Opening
  • Engaging

Recommendation

Over the past decade, business leaders have increasingly emphasized their companies’ social impact. As Fortune Media CEO Alan Murray tells McKinsey podcast host Raju Narisetti, the “stakeholder capitalism” movement evolved as business leaders recognized that they have to make sure their companies have a positive impact on society. Focusing on short-term profits at the expense of the environment, social well-being, your stakeholders, and your employees is easy, but short-sighted. If you want your company to thrive for decades, Murray urges you to consider its impact on your workforce, stakeholders, society, and the environment.

Take-Aways

  • Today’s CEOs focus on employee well-being and social and environmental concerns as well as profit.
  • CEOs are now more willing to discuss socially controversial issues.
  • Transparent financial metrics benefit businesses.

About the Speakers

CEO of Fortune Media Alan Murray wrote Tomorrow’s Capitalist: My Search for the Soul of BusinessRaju Narisetti leads McKinsey Global Publishing.