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Shareholder Vs Stakeholder

posted on February 23, 2021


Early in my career I would scoff at reading business books. It was a huge weakness of mine. I did not understand that most lessons come from outside of one’s industry. As I’ve aged and matured (albeit slowly), I learned the lessons that can be offered from other industries are many times more important than just listening to those within one’s own industry.

 

This week I was driving and listening to a podcast with Abigail Disney. Ms Disney is, as her name suggests, a member of the Disney family (you may have heard of them). Her goal is to make Disney a better place to work and visit. She was discussing Disney’s culture as well as who the stakeholders of Disney were Vs. the shareholders. This is a topic some of you may be familiar with. I want to use this blog to write about how this applies to training and a gym environment.

 

Shareholders:

As people training in a gym I consider these people the ones who are focused mainly (not solely but, most of their focus) on external goals. As a lifter it could be numbers, or as one who wants to lose weight it could be the scale. The process is only as important as what outcome it gives someone in this setting. The world needs shareholders at time to be cold and make decisions based solely on outcome and no emotional connection to what’s going on.

 

Stakeholders:

For the people in the gym these are the ones who are there to enjoy the process and make the experience better for them all around. The stakeholder worries about the process, the outcome is important yet stakeholders live in the reality and know the outcome is not always a result of a good or bad process. There are many variables that can affect an outcome that the stakeholder can’t control.

 

We need both and we want to be stakeholders for you. Both of these groups are very important to our community. A good balance of both of these types of people can make everyone around us better. I do ask our staff when making decisions think like stakeholders. As a lifter spend most of your time thinking like a stakeholder. If you become to much of a shareholder then you will miss the beauty of having a great moment in the gym. Be involved in the process of helping improve yourself while you are here and also be in the process of others succeeding while you are here.

 

This idea reminds me of a quote, I have searched high and low and can’t find the author, “I want to come to the end of the day tired, defeated, victorious.” I remind myself of this quote daily. If I am being a true stakeholder for all of us and UF then I will be tired, beaten (due to winning some and losings some), as well as victorious for all that we have accomplished. If I (and we) do this everyday then the goals we all will reach will be well above what we could have done if all we worried about was the outcome.

 

 

 

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