Mark Cuban's Philosophy About The Mavericks Should Be An Inspiration For Every Great Business Leader [View all]

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Mark Cuban's Philosophy About The Mavericks Should Be An Inspiration For Every Great Business Leader And Owner

by Henry Blodget at Business Insider

http://www.businessinsider.com/mark-cubans-business-philosophy-2013-8

"SNIP............................


One of the problems in the U.S. economy right now is that our big companies have become so obsessed with creating one kind of value--profits for shareholders--that they're scrimping on the value they could otherwise be creating for customers, communities, and employees. Profit margins at big American companies are at a record high, for example, while wages are at a record low. And full-time employees of some of our wealthiest and most successful companies are paid so little that they must live in poverty.

Aside from a lack of basic human virtues like fairness and sharing, there's an economic cost to this profit obsession. The employees of big American companies are also American consumers, so viewing them as "costs" to be minimized is starving middle-class consumers of purchasing power. And without middle class purchasing power, it's hard for our economy (and companies) to grow.

As Mark Cuban shows with the Mavericks, it doesn't have to be this way.

Great businesses can create value for several major constituencies, not just shareholders. They can create value for customers, shareholders, employees, and communities.


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