the debate around the purpose

Over the past decade, the debate around the purpose of business(Handy, 2002) and the ability of capitalism to foster prosperity (Jackson, 2011) has intensified dramatically.

The dominant market logic of freetrade and maximizing shareholder value, perhaps best epitomized in Milton Friedman’s famous 1970 New York Times Magazine3 article, has been variously accused of being outdated, insufficient to create value for society, and perhaps even undesirable. Politicians and business leaders, consumers, academics, and grassroots activists increasingly realize that focusing on short-term financial performance is hampering the private sector’s ability to provide innovations that allow both business andsociety to prosper, while simultaneously preserving environmental integrity.

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!

order now

I'm Mary!

Would you like to get a custom essay? How about receiving a customized one?

Check it out