When Engaging with Your Stakeholders Is Worth Its Weight in Gold
Jul 20, 2011•11 min
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Episode description
Given two gold mines with the same amount of gold in the ground the same cost of extraction and the same worldwide demand why is one mine valued 10 times more than the other? Because one has local support and the other doesn’t argues Wharton professor Witold Henisz. In a new research paper Henisz and his colleagues show how cooperating with rather than antagonizing external stakeholders generates sustainable shareholder value for companies around the world.
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