Recently, SmartBrief on Leadership published an article I wrote about Costco’s stakeholder capitalism approach to business.
Costco stands out as a notable exception to the prevailing model of shareholder capitalism. Under the leadership of co-founder and former CEO Jim Sinegal, Costco cultivated a culture that prioritized employees, customers and sustainable growth over short-term stock market gains. This stakeholder capitalism approach has proven to be not only ethically sound but also financially successful.
Read the full article to learn more about Costco’s approach and why it works.
Photo courtesy of Flickr user Mike Mozart under Creative Commons Attribution 2.0 Generic. Image has been cropped.
