Good Leaders Know When to Tilt

Good leaders don’t worship before the idol of one goal or one stakeholder. They have learned the art of balancing and tilting among competing and conflicting interests and among short- and long-term considerations. It’s easier for leaders to maximize results for one goal or one stakeholder group. But good leadership isn’t easy.   Goals Virtually … Read more

Why Maximizing Shareholder Value is Wrong

A big debate has been raging about the purpose of business for decades. Two opposing theories dominate the discussion: shareholder primacy theory and stakeholder theory. How does Robert Greenleaf’s servant leadership framework fit with these models?   Shareholder Primacy Theory In 1970, Milton Friedman (a noted conservative economist at the University of Chicago) wrote an … Read more