Companies are driven by profit, right? It’s all about driving the maximum value for shareholders.
While that might still be the end-game, how you get there is changing. Tim Sanders says we are going through a responsibility revolution, where the motivation for a company is not just about selling stuff, it’s also about making the world a better place.
He explores the notion in his latest book “Saving the World at Work: What Companies and Individuals Can Do to Go Beyond Making a Profit to Making a Difference“.
I ask Tim whether companies might like to be seen to be doing the right thing, if it improves the value of their brand, but couldn’t a lot of it just be spin?
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Trump won because trickle-down economics doesn’t work
Trump’s unexpected win reflects the dissatisfaction of huge swathes of disenfranchised voters across America.
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Will strong jobs numbers add to the Fed’s battle tonight?
Bond yields keep rising, as positive economic data shows how much work has to be done by central banks. That’s why NAB’s Ken Crompton says softer jobs data tonight could see yields fall more than the response to a stronger set of numbers.
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Spreading virus extends risks, Aussie hit hard
Uncertainty over the spread of the Corona virus hits all market classes, including a big fall in the Aussie dollar. NAB’s David de Garis talks through the reaction and looks ahead to today’s NAB Business Survey.
