Tuesday, August 10, 2021

g-f(2)415 THE BIG PICTURE OF THE DIGITAL AGE (8/10/2021), HBR, Softening Capitalism’s Downsides





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Opportunity, Softening Capitalism’s Downsides, HBR, Adi Ignatius
  • Today’s leaders tend to talk about serving a broad range of stakeholders, not just shareholders. Another fad? Perhaps. But it’s an idea that has the potential to reorder capitalism and perhaps soften some of its downsides: obsessive short-term thinking, perverse income inequality, the destruction of the planet. g-f(2)360g-f(2)408
Lesson learned, This is a challenging time to be an executive
  • For decades the CEO’s primary responsibility has been to reward shareholders, even short-term ones. But as Joseph Bower and Lynn Paine pointed out in a 2017 HBR article, “The Error at the Heart of Corporate Leadership,” that approach wasn’t grounded in law or common sense. It was fashion.


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    THE BIG PICTURE OF THE DIGITAL AGE 
    Opportunity, Softening Capitalism’s Downsides, HBR, Adi Ignatius
    • Today’s leaders tend to talk about serving a broad range of stakeholders, not just shareholders. Another fad? Perhaps. But it’s an idea that has the potential to reorder capitalism and perhaps soften some of its downsides: obsessive short-term thinking, perverse income inequality, the destruction of the planet. g-f(2)360g-f(2)408
    Lesson learned, This is a challenging time to be an executive
    • For decades the CEO’s primary responsibility has been to reward shareholders, even short-term ones. But as Joseph Bower and Lynn Paine pointed out in a 2017 HBR article, “The Error at the Heart of Corporate Leadership,” that approach wasn’t grounded in law or common sense. It was fashion.


    Category 2: The Big Picture of the Digital Age

    [genioux fact deduced or extracted from HBR]

    This is a “genioux fact fast solution.”

    Tag Opportunities those travelling at high speed on GKPath

    Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).

    Type of validity of the "genioux fact". 

    • Inherited from sources + Supported by the knowledge of one or more experts.


    Authors of the genioux fact

    Fernando Machuca


    References

    Magazine (July–August 2021), Harvard Business Review, HBR, Hbr.org.

    Softening Capitalism’s DownsidesAdi IgnatiusMagazine (July–August 2021)Harvard Business ReviewHBRHbr.org.


    ABOUT THE AUTHORS


    Adi Ignatius 

    Extracted from Wikipedia

    Adi Ignatius (born in Burbank, California) is editor-in-chief of Harvard Business Review. He joined the magazine in January 2009.

    Previously, he was deputy managing editor for Time, where he was responsible for many of its special editions, including the Person of the Year and Time 100 franchises. Previously, Ignatius served as Time's executive editor starting in 2002, responsible for the magazine's business and international coverage. He wrote frequently for the magazine, including cover stories on Google and the 2007 Person of the Year profile of Russian leader Vladimir Putin. Ignatius joined Time as Deputy Editor of Time Asia in 1996, based in Hong Kong, and was named Editor of that edition in 2000.

    Prior to joining Time, Ignatius worked for many years at the Wall Street Journal, serving as the newspaper's bureau chief in Beijing and later in Moscow. He later served as managing editor of the Central European Economic Review and business editor of the Far Eastern Economic Review, publications owned by Dow Jones.

    Ignatius was awarded a Zuckerman Fellowship at Columbia University’s School of International and Public Affairs (SIPA) in 1990. He received a bachelor's degree in history in 1981 from Haverford College in Pennsylvania. He is a member of the Council on Foreign Relations and the Asia Society and sits on the advisory board of the journalism school at SUNY.

    His father, Paul Ignatius, served as United States Secretary of the Navy from 1967 to 1969. His brother, David Ignatius, is an editor and columnist for The Washington Post.


    Harvard Business Review (HBR)

    Extracted from Wikipedia

    Harvard Business Review (HBR) is a general management magazine published by Harvard Business Publishing, a wholly owned subsidiary of Harvard University. HBR is published six times a year and is headquartered in Brighton, Massachusetts.

    HBR' covers a wide range of topics that are relevant to various industries, management functions, and geographic locations. These include leadership, negotiation, strategy, operations, marketing, and finance.

    Harvard Business Review has published articles by Clayton Christensen, Peter F. Drucker, Michael E. Porter, Rosabeth Moss Kanter, John Hagel III, Thomas H. Davenport, Gary Hamel, C.K. Prahalad, Vijay Govindarajan, Robert S. Kaplan, Rita Gunther McGrath and others. Several management concepts and business terms were first given prominence in HBR.

    Harvard Business Review's worldwide English-language circulation is 250,000. HBR licenses its content for publication in thirteen languages besides English.


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