Purpose Economy reposted this
Money doesn’t equal power. At least in steward-owned companies. Imagine a world where control remains with those who live and breathe the company’s mission. That’s steward ownership ✨ Stapelstein® manufactures products that bring movement into children’s everyday life. Today, Stephan Schenk and Hannah König run the show, but it wasn’t always this way. Initially, outside investors held significant control, prioritizing profits over purpose. Stapelstein’s journey is a testament to staying true to a mission, even when the odds are stacked against you. Curious how they made the radical shift? Read the full story by Maike Kauffmann here ➡️ https://lnkd.in/d45kR4CU #Purpose #CorporateRebels #Business #Ownership
Purpose Economy
1mo
Thanks a lot for raising the topic Corporate Rebels! #StewardOwnership ensures that companies prioritize their long-term purpose over short-term profits – by legally enshrining two principles in their ownership structure: #SelfDetermination (power over the company is held by people directly connected to the company’s operation and mission: stewards, not absentee owners) and #PurposeOrientation (Profits are means to a purpose, not a goal in itself). For everyone interested in steward ownership in more detail, check out our open content materials, including the detailed case study about Stapelstein : purpose.ag/stapelstein
Chris Fawthrop
1mo
Very excited to see the term "steward" pop up - I use it in a descriptive sense for how my clients should see themselves in relation to their work environments. I'm hoping we see a stronger pull towards mission and values based practices, shareholders have the opportunity to be part of that change but the leaders in the company need to show them the value of it.
Werner Illsinger
1mo
Stock market has a significant flaw. Owning a stock should mean the stock-owner is interrested in the fate of a company. How can one be interrested in the fate of a company if I own that stock only for minutes? The purpose of stocks is Klondike- get rich quick. If we could solve that Investors would actively have interrest in the devlopment and the mission of a company.
Mike Leber
1mo
Shareholders can be very important. Essential to survive. But probably 99% of them don't care about, what the company does and how they are doing it. So they miss 99% of the reasons, that makes a business succeed. Therefore, you're right. Serve the why, the what and how first. In the end, this will also make shareholders happy. Looking after profits and margins first, won't sustain!
Stock markets used to perform a useful role of financing industry. That worked when most shareholders were in it for the fairly long term and so interested in the sustainability of the companies they invested in. Unfortunately today that has changed trading is do fast that it's basically a glorified casino with little relation to what the companies actually do. Rather than building specialised trading platforms to allow sub ms transactions we should slow everything down to stop speculation which is bad for companies and employees whilst encouraging real investors.