Nobody downloaded yet

The ONLY goal of the corporation - Research Paper Example

Comments (0) Cite this document
The principle that the ‘only goal of the corporation is to increase shareholder value’ is a phrase coined by Milton Friedman in his article in the New York Times in 1970. There are those who have dismissed it as the world’s dumbest idea, and others have taken it up and…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.9% of users find it useful
The ONLY goal of the corporation
Read TextPreview

Extract of sample
"The ONLY goal of the corporation"

Download file to see previous pages This principle means to say in a nutshell that a company’s sole interest is to maximize profits. According to Milton Friedman, a company should not focus on issues of social responsibility, but should focus on the welfare of the shareholders, as well as its profits. When it tends to concentrate on improving the society in matters such as reducing inflation, it can lead to autocracy. The social responsibility of the business is to use its resources to maximize its profits so long as it does so within the set rules.
Milton comes out strongly to oppose any move that would seem to spend the shareholders money in a way that is not in their interest. The reason for this is that the stockholder is not able to decide how the corporate executive spends his money, for which projects and the amount to spend for such projects. Even charitable activities that are not geared towards generating revenue should not be taken up.
This view by Friedman suggests that an enterprise should only undertake a certain activity because it is good economically and not because ethics dictates so. Though this view has been criticized by many, it has been taken up by business ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The ONLY goal of the corporation Research Paper Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.org/social-science/1660731-the-only-goal-of-the-corporation
(The ONLY Goal of the Corporation Research Paper Example | Topics and Well Written Essays - 250 Words)
“The ONLY Goal of the Corporation Research Paper Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/social-science/1660731-the-only-goal-of-the-corporation.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Target Corporation
With nearly $67 billion per year in revenue, over 355,000 employees, and 1,750 locations throughout the United States, it trails only Wal-Mart in terms of market share.
8 Pages(2000 words)Research Paper
Performance Management: JVA Corporation Simulation
According to Armstrong, performance management is a strategic and integrated process that delivers sustained success to organization by improving the performance of the people who work in the organization and by developing the individual capabilities of individual contributors and teams.
2 Pages(500 words)Research Paper
Sony Corporation
Sony group has many segments like electronics, music, motion pictures and financial services. These include Sony Electronics, Sony Computer Entertainment, Sony Pictures Entertainment, Sony music entertainment, Sony Financial. Sony is the third-largest manufacturer of television in the world after Samsung Electronics and LG Electronics.
20 Pages(5000 words)Research Paper
Goal Statement
I believe that I am qualified to enroll in Biomedical Informatics considering my educational background. I have a Pharmacy Technician Certificate which I obtained in 2009. My interests are in the fields of Anatomy and Physiology. I would like to have an expertise in the area of Computational Biomedicine.
2 Pages(500 words)Admission/Application Essay
Bank of America Corporation
A Strategic Analysis of Bank of America Corporation Name of University Instructor Name of Student Date A Strategic Analysis of Bank of America Corporation Executive Summary Bank of America Corporation is one of the world’s largest financial institutions with corporate offices located in Bank of America Corporate Center, 100 North Tryon Street, Charlotte, North Carolina 28255.
104 Pages(26000 words)Research Paper
Today we can easily access the foreign brands anytime and anywhere. The corporations on the other hand are striving hard to satisfy our needs and demands. Now the question arises, who are “We”? “We” of course constitute the market. “We” are the customers.
4 Pages(1000 words)Essay
Enron Corporation Scandal
The company began to expand its operations by building up power plants as well as by operating gas lines but, this company became largely known not for these businesses but because of its unique trading businesses. Apart from its core business of buying and selling off gas the company diversified into unrelated businesses such as the broad casting times for advertisers, Internet bandwidth and the weather futures (Li, 2010).
10 Pages(2500 words)Research Paper
Multinational Corporation Influences
Multinationals are huge utilitarian enterprises with almost no regard for the social or economic well being of the host company. Criticism is done on multinational corporations that they cannot achieve what they want to until social, economic, labor and environmental support is not provided to people or communities of the host countries.  
3 Pages(750 words)Research Paper
Crosby Manufacturing Corporation
After overcoming this issue he moved towards solving management cost and control systems (MCCS). He called a meeting in which managers from different departments participated and different
3 Pages(750 words)Research Paper
CVS Caremark Corporation
CVS Caremark Corporation is the largest pharmacy health care provider in the United States. The company operates over 7,300 retail and specialty pharmacy stores in 43 states and the District of Columbia.
8 Pages(2000 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Research Paper on topic The ONLY goal of the corporation for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us