CHAPTER 5

Corporate Impacts

Focused on Co-creating Value with Multiple Stakeholders, Simultaneously

Jennifer J. Griffin

“All of us need to accept responsibility for the damage done to the free-market system…. You have to focus on all the stakeholders. It’s a new thing for us. Long term value is only achieved if growth benefits all stakeholders in a company, from owners to employees, communities and even governments.”

Henry Kravis, CEO, KKR

“My bank wants to get involved with its neighborhoods. What should it do? What can it do?”

Senior Banking Executive

Corporations, the most powerful wealth creation engine in the world, co-create value with their stakeholders on a daily basis (Freeman, 1984; Freeman et al., 2007; Griffin, 2017) or they simply ...

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