Charles Handy article concerning a need for companies to shift from an emphasis and focus on shareholders to embracing customers, suppliers, financiers, and other members of the firm community. Handy begins the article asking, in the wake of the defeat of Communism and the Cold War, what a company is and what Capitalism should be. Handy proposes that shareholders should be perceived as financiers with a stake in the success of the corporation, rather than as owners of a company. In emphasizing this distinction, he comments that it is necessary to comprehend shareholders in this light because it highlights the real purpose of a business, which is to provide quality goods and services to patrons and quality lives and work to employees. In line with this perspective, Handy concludes his analysis stating how companies need to be reconceptualized as communities with members and communities which need customers, suppliers, financiers, and community support if they are to survive and thrive in the shifting economy.
Handy, Charles B Financial times (London, England) London Business School Communism Capitalism Morita, Akio, 1921-1999 Sony Corporation
Source
Charles Handy article concerning a need for companies to shift from an emphasis and focus on shareholders to embracing customers, suppliers, financiers, and other members of the firm community, 1991; Charles Handy Papers; Box 14, Folder 17; 1 page
If you're wondering about permissions and what you can do with this item, a good starting point is the "rights information" on this page. See our terms of use for more tips.
Share your story
Has Calisphere helped you advance your research, complete a project, or find something meaningful? We'd love to hear about it; please send us a message.
