Shareholder value is growing increasingly irrelevant as government and society take a larger role in shaping business and industry, according to Ian Davis, managing director of McKinsey, the global management-consulting firm. In a Wharton Leadership Lecture, Davis said new societal pressures, such as regulation and environmental sustainability, are now joining the list of long-standing issues -- including growth, globalization and technology -- that demand the attention of today's CEOs.
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Leadership and Change
McKinsey's Ian Davis: Maximizing Shareholder Value Doesn't Cut It Anymore. (2006). Knowledge@SMU.
Available at: http://ink.library.smu.edu.sg/ksmu/270