TED: How businesses can serve everyone, not just shareholders | Dame Vivian Hunt

The video discusses the shift in business models towards stakeholder capitalism, emphasizing the need to serve all stakeholders, not just shareholders. It highlights the challenges in implementing this change, the role of boardrooms and governance, and the importance of environmental goals, suppliers, and customer needs. The video concludes with a call to action for businesses to reset and serve all stakeholders effectively.

What is the primary challenge in transitioning to stakeholder capitalism, as compared to parenting?

• Balancing the needs of multiple stakeholders

• Increasing shareholder profits

• Reducing employee wages

• Focusing solely on environmental issues

What is the main goal of stakeholder capitalism?

• Reducing operational costs

• Serving the needs of all stakeholders

• Focusing solely on environmental sustainability

• Maximizing shareholder returns

Why is it important for corporate boards to have diverse representation?

• To increase company profits

• To better represent the diversity of stakeholders

• To reduce operational costs

• To comply with legal requirements

What lesson can corporate boards learn from the nonprofit world?

• How to reduce employee benefits

• How to focus on short-term goals

• How to increase profits

• How to represent diverse stakeholder interests

What is a key strategy for achieving environmental sustainability in businesses?

• Ignoring stakeholder input

• Establishing concrete, measurable goals

• Focusing only on internal emissions

• Setting long-term, vague goals

Why is it important for companies to share data and progress on sustainability goals?

• To demonstrate accountability and progress

• To increase shareholder profits

• To reduce operational costs

• To hide their environmental impact

How did BHP Billiton engage its suppliers to address gender imbalance?

• By ignoring supplier diversity

• By increasing supplier fees

• By providing training and technology

• By reducing supplier contracts

What role do suppliers play in a company's success?

• They are irrelevant to business operations

• They are crucial for scaling and survival

• They only matter during crises

• They are solely responsible for product quality

What is a potential risk when companies focus on short-term customer desires?

• Improved product quality

• Increased long-term customer loyalty

• Higher short-term profits

• Neglecting long-term customer needs

How can companies align with government health initiatives?

• By reducing product variety

• By proactively investing in healthier products

• By focusing on short-term profits

• By ignoring nutrition labeling