Profit Maximization Must Fail

Albert Erisman

Chapter Chapter 3 in The Purpose of Business, 2015, pp 53-84 from Palgrave Macmillan

Abstract: Abstract Headlines have chronicled a wave of business scandals over the past decade. The Occupy Wall Street movement has moved beyond the US borders as a statement against an institution that seems, to many, to have gone out of control: too much power, too much concentrated wealth, too little accountability, and too much impact on the rest of society. This is a good time to ask a very fundamental question: what is the purpose of business?

Keywords: Stock Price; Business School; Customer Service; Stakeholder Theory; Business Leader (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-50324-4_3

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DOI: 10.1057/9781137503244_3

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