Roger Martin thinks the culprit behind the sorry state of American capitalism: our deep and abiding commitment to the idea that the purpose of the firm is to maximize shareholder value.
Is there any way to disincentivize profit seeking run-a-muck? These are the questions that this book doesn’t answer, it merely sheds light on the problem. But the sport analogies were nice :-). The definition of “value” also varies depending on the stakeholder and their time/cost (risk) threshold.
In the next Integrationalism book I’ll elaborate on remedies to curb the potential for rational-self-interest and collusion to run-a-muck. These remedies will be centered around better distribution of ownership over assets of sorts.