 | Shapeholders: Business Success in the Age of Activism Subjects: Social responsibility of business; Corporations -- Public relations; Corporations -- Moral and ethical aspects; Corporate governance; Strategic planning; Business success is not just about the money anymore, says Kennedy, a former congressman and the president of the University of North Dakota, in this energetic guide to winning in the court of public opinion. Twenty years ago, he writes, business leaders only had to worry about shareholders, but in the more political current climate, there is a new group of influencers not financially beholden to the companies they seek to change. These titular "shapeholders"-activists, media outlets, politicians, and regulators-have been challenging companies to be more ecologically friendly, politically aware, and socially active. Thus, successful businesses must address a whole spectrum of voices, from the stakeholders who provide the capital and expect a return, to the shapeholders who provide the direction and expect a resulting change in behavior. In Kennedy's view, Whole Foods has done it right, as has Google. He addresses managing the media, building credibility, working productively with politicians, and understanding regulators. It's not easy, Kennedy cautions; you'll need to stay on your toes, and stay connected. This is an easy, well-organized read, if a bit padded; it's a thought-provoking, if not groundbreaking, way to frame the new responsibilities of the business world. (May) © Copyright PWxyz, LLC. All rights reserved. Mark R. Kennedy is president of the University of North Dakota, founder of the Economic Club of Minnesota, and a member of the Council on Foreign Relations. He has served as treasurer of Macy's, a U.S. congressional representative, a presidential trade advisor under Presidents George W. Bush and Barack Obama, and director of George Washington University's Graduate School of Political Management. |
