To Freeman: How Can Companies Keep Up?


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In his talk last Thursday, Ed Freeman discussed the sustainability of businesses and maintaining stakeholder relationships over time. He asserts that the main function of businesses is creating value for their stakeholders. However, he did not specifically speak to the preservation of this value over time. If I had the chance to speak with Freeman, I would probe his thoughts regarding how companies can keep up given a fast-paced, global business environment. While Freeman mentions that if a business finds purpose and stands for something then profit will (usually) follow, we must recognize that business environments change constantly. Given this constant environmental change, companies would have to constantly change themselves. What are some ways that companies can proactively explore the business landscape to anticipate changes and thrive?

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