Stephen Denning

Reinventing Capitalism in the Digital Age (eBook, ePUB)

• Format: ePub

Produktbeschreibung

This Element examines the current crisis of capitalism's legitimacy and concludes that it derives principally from business pursuing an aberration of capitalism known as shareholder capitalism, in which firms sought to maximize shareholder value as reflected in the current share price, at the expense of all other stakeholders and society. Shareholder capitalism began in the 1970s and was renounced by the Business Roundtable in 2019, but continues behind a facade of stakeholder capitalism. Stakeholder capitalism is the most widely cited form of capitalism today, but it is incoherent as a practical guide to action for an entire firm. This Element concludes that a recent evolution of capitalism--customer capitalism--which gives primacy to co-creating value for customers and users, enables firms to master the challenges of the digital age, shower benefits on society, and meet the needs of all the stakeholders.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 30. November 2022
• Englisch
• ISBN-13: 9781009332859
• Artikelnr.: 70912124

Inhaltsangabe

1. Introduction
2. The Overall Shape of Capitalism
3. Customer Capitalism
4. The Digital Age
5. The Emergence of Deep Purpose
6. Fixing the Flaws of the Digital Winners
7. Shareholder Capitalism
8. The Mirage of Stakeholder Capitalism
9. Conclusions and Reflections
References.