Conclusion

The Me to We paradigm poses many challenging and difficult dilemmas, along with unprecedented advantages and opportunities for companies large and small and their shareholders. With the unprecedented growth of stakeholder communities, their visibility prominence and power have grown to a point where, no matter the industry, they cannot be ignored. There are five main takeaways from the volume: (1) the “Me To We Mentality” requires firms to focus on a broader set of interests beyond those of shareholders to consider interests of multiple stakeholders. Firms must take accountability for their actions and embrace competitiveness as a broader concept, which involves focusing on economic and societal gains simultaneously, (2) responsibility needs to be shared, (3) firms can create a more profound impact on societal issues by collaborating with other actors including government and universities and taking advantage of clusters; multinational corporations must ensure that transactions across borders are beneficial for all stakeholders, (4) multinationals must ensure that transactions across borders are beneficial for all stakeholders, and (5) the implementation of a Me to We approach to stakeholder-shareholder relations requires appropriate leadership that can disseminate these principles across the organization and modify the existing corporate culture.