MSV — the idea Jack Welch called ‘the dumbest in the world’ — failed spectacularly. It’s back in HBR. Why we must reject it and embrace true value creation for customers
HBR revives “maximizing shareholder value”—what Jack Welch called “the dumbest idea in the world”—treating customers as constraints. True value creation for customers, not metrics, wins long-term.
Lisbon Management Summit - Value Creation Principles