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This recent Forbes post by Steve Denning captures at a high level the need for a fundamental shift in the modus operandi of a lot of larger business corporations. At its core, the shift from value extraction to value creation reflects the fundamental change from business thinking from that of internalizing rewards and externalizing risks, to that of re-instilling the public purpose in corporate actions as community builder and value creator. – David Thornley
“As income inequality steadily deteriorates, and President Biden explores one-time fixes like increasing corporate taxes, more durable solutions are needed to deal the root cause of growing inequality: the goal of big business. That, in turn, would require understanding how most business remains committed to […]
