Peter Drucker tended to think success was maximizing shareholder value, and social value would result.
They are at odds with the basic values of traditional management: hierarchical bureaucracy and maximizing shareholder value.
What if business schools started teaching that maximizing shareholder value systematically results in declining shareholder value?
Pursuit of maximizing shareholder value at Boeing led to offshoring that has caused massive damage to shareholder value.
FORBES: The Boeing Debacle: Seven Lessons Every CEO Must Learn
The root cause of these errors is a focus on the dumbest idea in the world: maximizing shareholder value.
FORBES: The Boeing Debacle: Seven Lessons Every CEO Must Learn
Unfortunately this pervasive, and seemingly plausible, idea that a firm like JPMorgan should be focused on maximizing shareholder value is misguided.
Among many other speakers, Roger Martin, Dean of the Rotman School of Management, will discuss the shift from maximizing shareholder value to customer capitalism.
FORBES: Global Drucker Forum Foments A Revolution In Capitalism
Our board and leadership team now remain focused on maximizing shareholder value and pursuing strategic opportunities that position us for success and leadership in our markets.
The catchphrase "maximizing shareholder value" is heard everywhere these days.
Paradoxically, focusing on maximizing shareholder value ends up making less money for shareholders, because it leads firms to do things, like the recent JPMorgan gambles that actually destroy shareholder value.
As part of the Board's stated objective of maximizing shareholder value, we have been and remain open to considering a business combination with interested parties at the right time and the right price.
It is the foundation for ideas such as that organizations should be aiming at maximizing shareholder value, that organizations should treat employees and contractors as human resources to be exploited and that they should deal with customers as demand to be manipulated.
They continue to function based on the same old same old: Maximizing shareholder value and giving executives compensation packages with bonuses that are not strictly tied to performance remain higher priorities than hiring and paying their employees fairly at home and abroad.
It is still focused principally on maximizing short-term shareholder value.
FORBES: David Brooks: Competitiveness Vs Creativity: GE vs Apple
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