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1. Read the article “what’s a business for”. In your opinion, is Handy’s assertion that businesses should be more than just profit-seeking entities valid? Why or why not?
2. Read the article “creating shared value”. Do you agree with Porter and Kramer that creating shared value (CSV) is a significantly different approach to sustainable business practices than is corporate social responsibility (CSR)? Why or why not?
3. Listen to the podcast. (https://www.ft.com/content/bb5d8a99-71bb-43a8-9649-534fd0a15c8b) As the podcast notes the Business Roundtable recently revised its definition of the purpose of a business from “maximizing shareholder value” to one that places the shareholders on equal footing with other stakeholders. The podcast also noted that many are skeptical of this change and see it as mere “window dressing”.
If you were CEO of a Fortune 500 company, what specific actions could you take to make it clear you were committed to this new definition and not simply engaged in “window dressing”. List at least three actions you could take, with specific details, and be clear on how you think this would prove your commitment to the new stakeholder centric definition.