Jack Welch, who is regarded as the father of the “shareholder value” movement that has dominated the corporate world for more than 20 years, has said it was “a dumb idea” for executives to focus so heavily on quarterly profits and share price gains, as it was quoted on the latest Financial times.com edition.
I have been pledging in the last couple of years that this idea was not sustainable long term , and that the focus should lie on maximazing stakeholders value and not shareholders.
Friday, March 13, 2009
Wednesday, March 11, 2009
Re-build,Re-construct, Re-shape,Re-invent.....
Going against former believes Tom Peters stated some years ago that there are no excellent companies. According to him: “it is no longer enough to be excellent; companies have to stand out from the crowd. Companies have to shrink, even deconstruct. They have to innovate. They must make the workplace more interesting.”. In our current financial turmoil, is this statement more relevant than ever? What do you think?
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