While shareholder capitalism incentivizes a short-term focus that can lead to long-term struggles, stakeholder capitalism takes a different approach. An excellent example of the stakeholder capitalism model at work is Costco.

Michael Lee Stallard recently wrote an article for SmartBrief on Leadership about Costco's business model and what makes it successful. Costco's story is an helpful case study for any business interested in moving from a shareholder to a stakeholder mindset.

Photo courtesy of Flickr user Mike Mozart under Creative Commons Attribution 2.0 Generic. Image has been cropped.