Introduction to Week 4
What a busy week we had. Because we covered so much ground this past week and because we're almost at the midpoint of this course, I thought it would be useful to summarize some of the key lessons from the week and really one of the key lessons from this course. That lesson is very simple. It is that our economies need to continue to encourage and grow what we call high road firms that are both good for shareholders and for employees if we are really to shape the future of work that works for all the stakeholders in our economy. How can organizations do this? Well, it starts by having a debate over the basic values of the firm. And you did that this week. You took on the question of whether this emphasis on shareholder value, or what we called financialization view of the firm, is really the only way in which firms can compete. And you answered it very clearly. You endorsed firms that should be accountable to multiple stakeholders, to employees, to societies, as well ...