Wednesday Jun 07, 2023

Does the Stakeholder Capitalism Movement Create Environment for Union and Management Reset?

This Enterprise Engagement Alliance YouTube Show, “Unions in the Emerging Era of Stakeholder Capitalism,” suggests that a new generation of both management and labor leaders could lead to an era of greater cooperation between labor and management. What is lacking are trust and business and labor leaders knowledgeable about the potential benefits of labor-management collaboration and how to fully capitalize on it.
 
Unions with a constructive mindset can create significant value for organizations in terms of worker voice, training, healthcare, safety, wellness, and worker onboarding, and senior management can benefit by having a more open mind to the role that unions can play in sustainable performance. These are some of the key findings of the Enterprise Engagement Alliance YouTube show, “Unions in the Emerging Era of Stakeholder Capitalism,” featuring Thomas Kochen, George Maverick Bunker Professor Emeritus of Management at the Sloane School of Management at MIT and Larry Beeferman, Independent Consultant and Fellow at the Harvard Law School Center for Labor and a Just Economy.

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