How to Create Value Consciously For All Your Different Stakeholders

Whole Foods founder John Mackey said Whole Foods should have died in its first year due to a once in a hundred-year flood at his first store, and he didn’t have the words for it back then, but now he does: the stakeholders saved him. His customers, his team members, his suppliers, his investors, the bank, the community that he was a part of didn’t let him die.

He goes on to say, "I realized that we were an interdependent network of relationships. And they cared about us. They didn’t want us to die. It changed Whole Foods forever, because from that point onward, we began to take seriously each one of these different relationships and to try to do right by them, to create value consciously for all these different stakeholders."

Read the full interview here.