Abstract geometric composition illustrating davos discovered stakeholders and i have notes

January 2020 ยท Culture

Davos Discovered Stakeholders and I Have Notes

A manifesto written by the people who benefited most from the last fifty years is not evidence that the next fifty will be different.

I read the new Davos manifesto on my phone at Ovation, waiting out a rain that had no intention of stopping. Fifty years of the World Economic Forum, and the theme this week is cohesive and sustainable business, and the document says a company serves employees, suppliers, communities, and society, not only its shareholders. I read it twice. It is genuinely well written. That is part of what bothers me.

Because I know what this document is. I have written this document.

Not for Davos, obviously. For a regional bank, for a food manufacturer, for a logistics company after a bad quarter. It is a positioning statement, and a positioning statement has one job, which is to make a chosen future feel like a stated fact. The tense is the tell. Nobody writes a manifesto about the thing they are already doing.

A manifesto is a promise made by the party with the most to gain from saying it and the least to fear from breaking it.

So grade it the way you would grade a client's. First, is it differentiated? No. Every signatory can sign it because signing costs nothing, and a position everyone in the category can claim is not a position. Second, is it falsifiable? Barely. There is no number in it that a communications team could fail in public. Third, does it change a decision? That is the only question that has ever mattered, and the manifesto is careful never to name a case where stakeholder interests and shareholder returns actually collide, which is precisely the case the idea exists to resolve.

I am not saying the words are worthless. Language moves before behavior does, reliably, and having this vocabulary in the room makes it easier for the one executive who wanted to argue for the supplier or the plant town. That is real. It is also small, and it is not the same as a commitment.

Nobody writes a manifesto about the thing they are already doing.

What I would tell a client who handed me this: pick one stakeholder, name one tradeoff you are willing to accept, publish the number, and let people check it next January. One verifiable commitment does more for a brand than a paragraph that reads beautifully and binds nobody. Fifty years is a long time to hold the microphone. It is also a long paper trail, and paper trails are the one thing brand strategy cannot outrun.

Then I put the phone away and walked home through the wet, personally accountable to exactly two stakeholders, both of whom expect dinner at four and neither of whom has ever been asked to sign anything.