Stakeholder

What is a book that shaped your understanding of purpose, business, or activism?

The original book was Edward Freeman's Stakeholder.

He essentially established stakeholder theory.

Yeah, so the 1984 book, Stakeholder Management Strategic Approach or something.

Wow.

Yeah, that also wasn't part of my business school curriculum, but I read it on the side.

You talk about this in your book, and I think it still continues to this day.

I was thinking earlier when you were talking about the city of London, Stakeholder capitalists versus the French.

Basically, most of history's wars.

Again, people put it down to religion.

Let's get started.

Why won't my stakeholders just tell me what they want? We hear that a lot from you and you've probably experienced it.

I have also experienced it.

Why can't they just tell us what they need so we can just get on with the solution?

Yeah, I was just going to say, it's a very like project manager-y kind of a word that people who are in other fields are just like a stakeholder.

Like, that's not for me.

But everybody has stakeholders.

Everybody has to sort of learn how to work with stakeholders.

The programme is currently laying the foundation for four key workstreams aimed at aligning skills development with industry demand, identifying transferable skills that support mobility across sectors, strengthening pathways to employment and fostering collaboration between industry, education institutions, government and other stakeholders.

Sibanie Stillwater Executive VP, Stakeholder Relations.

Fabicil Fumo pointed out that as the mining industry evolved, the skills required would change.

This partnership gives us an opportunity to identify potential replacement skills and create pathways for employees and communities to transition into successor economies.

And there's not people, another more notable luminary than Dr. Edward Freeman.

And you can go back to listen to the more comprehensive intro in part one, but leave it to me just to say that Dr. Freeman is most notable for being a, he would not say, and he did say in part one, that he is not the creator of it, but he is most notable for the stakeholder theory of business and capitalism that has had a profound effect on the way that business is looked at today and the way that we're dealing with things today, or what we should be dealing with things, in my opinion.

So welcome, Dr. Freeman.

Welcome back for part two.

Thanks a lot, Gary and Peggy.

So glad you're here.

So we've been talking about stakeholder theory and approach and what that is.

And as I understand it, you encourage people, business people, that when they're starting with this, the place to start is, well, what's the purpose? Why does this business exist? And so could you tell us more about that? You encourage people to access that and make it a real purpose instead of just something they put on the wall.