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Davos Manifesto 2020
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Davos Manifesto 2020

The Universal Purpose of a Company in the Fourth Industrial Revolution


áudio gerado automaticamente
áudio gerado automaticamente

Editorial Rating

8

Qualities

  • Bold
  • Visionary
  • Inspiring

Recommendation

With the release of the “Davos Manifesto 2020,” the World Economic Forum (WEF) challenges the notion that a corporation’s sole purpose is to serve shareholders and maximize profits. WEF founder and executive chairman Karl Schwab maintains that the shareholder-centric model no longer fits early 21st-century realities, including climate change, globalization and digital transformation. His manifesto calls upon every organization to “engage all its stakeholders” and create value that benefits everyone. The manifesto is thought-provoking and worth a read, regardless of whether it remains merely a statement of principle or a guide to a new era of responsible corporate governance.

Take-Aways

  • Companies have responsibilities beyond serving their shareholders to also include customers, employees and suppliers.
  • As corporate citizens, companies must actively contribute to the well-being of society at large – present and future.

About the Author

Klaus Schwab is the founder and executive chairman of the World Economic Forum.


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