Engaging stakeholders, as opposed to solely shareholders, is a means to balance decision-making consideration among the different parties who benefit from an organization’s success. Customers, suppliers, employees are just as important, if not more so, than investors. So, too, should community and ecosystem needs be considered.
Today, I participated again in our Conscious Capitalism Boston chapter‘s Conscious Conversation series. This time, we discussed stakeholder engagement, with Rob Waldron, the CEO of Curriculum Associates as speaker. Curriculum Associates has been very innovative and deliberate in how it’s engineered a balance among its stakeholders, even when dealing with its investors. I encourage you to read more about it, for example, here. Attendance was down, compared with last time, but we were also able to get most of the group to join us for holiday cheer afterwards.