PrincessWithABlaster
DIS Veteran
- Joined
- Jan 1, 2016
I think you are one-third right. Happy customers are essential. But so are happy shareholders and happy employees. The first is hard to do if either of the latter two are not true. Doing all three? That is what makes for a long term, successful business. And it is very hard to do. Disney has done it far better than most, especially since Iger took over 10 some years ago.
I think you are 100% right on this!
And the mantra used to be take care of customers and employees and you don’t have to worry about the shareholders because they come along for the ride. Disney was expert at that. But today the business conventional wisdom is that shareholder value trumps everything else. It’s a relative new trend. It remains to be seen how well it works in the long term. Clearly it works short term.