The 4th Stakeholder
The Framework
24 short reads across five parts — roughly two minutes each.
Start readingPART 1 - MORE GOOD
PART 2 - 2ND ORDER IMPACTS
- 7No business is founded to harm society, but many end up there
- 8First-order business impacts defined
- 9Second-order business impacts defined
- 10Second-order effects and the Tragedy of the Commons
- 11Collective Action Step 1 - Mobilizing the collective
- 12Collective Action Step 2 - Mitigating the societal harm
PART 3 - TAKING BIGGER SWINGS
- 13The critical few vs. the trivial many
- 14The lack of a common denominator social impact metric
- 15Why we can’t use financial ROI as the prioritization metric for social impact
- 16A 4th Stakeholder prioritization metric matrix
- 17A real-world example of using the 4th Stakeholder Impact x Responsibility Matrix
- 18Changing your mindset to embrace an Impact x Responsibility Matrix
PART 4 - SOCIETAL BUY-OFF