German and Japanese Stakeholder Capitalism

People in Germany and Japan…do not have quite the same views about money and motives as Gordon Brown and Bill Clinton have. They tend to believe that, although money is a splendid thing to have, and few people would not put themselves out to get some, if you want to know why people work hard, … Continue reading

Corporate Governance: Stakeholder Theory

Comparative studies of corporate governance: Anglo-Saxon (Shareholder) model vs. German/Japanese Stakeholder model. Notes from Allen, Franklin and Douglas Gale. “A Comparative Theory of Corporate Governance.” Anglo-Saxon corporate governance (US, UK) is based on the Adam Smith model of organizing the economy. “The role of the firm in society is precisely to create wealth for shareholders … Continue reading

Johnson & Johnson Credo

written by Robert Wood Johnson in 1943. While they may not always follow this credo, it’s a short piece with a lot of punch. We believe our first responsibility is to the doctors, nurses, and patients, to mothers and fathers and all others who use our products and services. In meeting their needs everything we … Continue reading

Triple Bottom Line

The idea of the “triple bottom line” (TBL or 3BL) goes back to 1994, when the phrase was coined by John Elkington. He argued that companies should we working toward three equally important bottom lines:┬áprofit, people, and planet (3P).┬áThis is a major component of the stakeholder value movement of the 21st century. TBL has become … Continue reading