(Photo: Bigstock)
Can you just redefine the purpose of something, like, for instance, business? The Business Roundtable did just that at the end of last summer. It said that the purpose of business was no longer to simply provide profits for shareholders. Instead the purpose was to provide benefits for employees, customers, suppliers, and the communities around a business — and the shareholders.
Certainly the biggest companies got the message, as many of the CEOs of those companies are part of the Business Roundtable. But what about small to medium sized businesses?
According to a new survey of middle market companies, they're aware of the shift to broader responsibilities but haven't fully executed on it themselves.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
