Dr. Deming addressed this fallacy a few decades ago - it takes executives quite a long time to learn. The aim proposed here for any organization is for everybody to gain – stockholders, employees, suppliers, customers, community, the environment – over the long term." page 51 of the The New Economics.
Many companies manage more based on this idea than the foolish idea of “shareholder value.” But there are quite a few executives that seek to use “shareholder value” as an excuse for bad practices they chose to support.
