Wow, a very open ended blog post! I love it. I like how this blog is evolving in terms of content and style.
I would have dinner with John Mayer. If you know me at all, this is extremely believable. Despite the flak I may receive from my peers, I stand by my statement. But why John Mayer? Continue reading John Mayer
I enjoyed Ed Freeman’s lecture he managed to communicate many concepts and great examples in only an hour.
I would have asked him what he would suggest that simple consumers do in order to support organizations that value their stakeholders. I was curious what his views are about boycotting and protesting.
I believe the question has value due to the fact that not all of us want to be entrepreneurs (as seen after he asked the question to the audience). In our work we will undoubtedly have decisions to make that will impact the company’s shareholders, but we also have a role to play when we engage in consumption. Being aware of our impact would therefore help changing culture surrounding business.
Ed Freeman was much more down to earth than I anticipated him to be. I expected that he would be a more theoretical speaker, and that he would focus more on ideas from what he has written at a more in-depth level, or at least discuss more about shareholder versus stakeholder value theory. Continue reading Were you satisfied with Freeman’s talk?
Although I did not get to ask Ed Freeman a question, Matt’s question regarding the prevalence of the internet and the ability of companies to control what consumers believe was similar to what I had planned on asking.The question I had written down, “how do you think the stakeholder theory has changed or held up during a time of rapid technological advancement like we’ve seen in the past few decades?” was slightly more general than Matt’s, however I was satisfied with the answer Ed Freeman gave in response to Matt’s question. Continue reading Ed Freeman Question/Reaction
I really enjoyed the overview of Stakeholder Theory video by Ed Freeman. I have realized over the past few weeks that I want to have my paper 1 focus on the benefits of stakeholderism, and how shareholderism can leave a company exposed to severe potential risks. Therefore, I found this Ed Freeman video to be very helpful, a strong supplement to enhance my paper. Continue reading Ed Freeman Reaction
My question to Ed Freeman was
“In your book “Managing for Stakeholders”, you write about a technique for managing your stakeholders “to convince the group to want the same thing as the firm”. My question for you is “In the internet age where companies in power can control what gets media attention and what consumers believe, is this an ethical strategy for businesses to implement?”
For some background on why I asked the question, I want to first explain what I thought when I read that passage from Ed Freeman’s book. My interpretation of this was that whatever goals a company has, whether they are to brainwash consumers into buying their products, or sending false information into the press to ignore the environment, etc. When I thought about companies convincing stakeholders to want the same thing as the firm wants, I tend to think of negative examples.
However, the example that Ed Freeman gave suggested a much different approach to this strategy. He believed that Amazon recommending a book that he ended up enjoying was a good example of this strategy being correctly implemented. He also went on to say that the “getting stakeholders on-board” strategy is meant to help stakeholders realize that the company’s goals are in the stakeholders’ best interest as well. This places the responsibility on the company to make decisions that will benefit stakeholders. Although I do not know whether Ed Freeman has clearly explained how companies can make decisions that are in the best interest of the stakeholder, I do think that; if possible, it would be acceptable “to convince the group to want the same thing as the firm”
None of my friends or family quite understand my fascination with the city of Detroit. Maybe this fascination turned borderline obsession could best be explained by this tumblr, which I frequent way too often since Professor Marsh introduced me. As a city that’s literally crumbling to the ground, Detroit fills me with this weird combination of disparity and hope for potential reinvention within its deteriorative state. Continue reading No Longer Motor City
Although the roundtable discussion and lecture with Ed Freeman was way more palpable than I was expecting, I felt slightly unsatisfied with many of Freeman’s answers to questions posed by students and audience members at the night lecture. Continue reading My conflict with conflict
A question I would ask Ed Freeman: Have your theories of stakeholderism changed over time because of events in the financial world/catastrophic global events? And a follow up question, do you think Stakeholder Theory will hold true in the next 50 years?
In terms of the way Freeman seemed to answer every question that was thrown at him– he seemed to say “my theory is perfect, but no company is perfect, so it is impossible to follow it”. Especially when Jordi himself questioned Walmart’s Stakeholder practices, Freeman answered in the aforementioned manner.
Is Freeman’s theory about Stakeholderism now impotent because even he believes it is impossible for any company to stay true to the theory? Or is Stakeholder theory just a soft guideline?
Overall, I thought Freeman kept his talk very concise and used real world examples, which I am a huge fan of.