The Evolution of the Corporation Essays - 830 Words

The Evolution of the Corporation The Evolution of the Corporation In a capitalist society where the growth and power of corporations are ever evolving it is critical to determine the effects and consequences this evolution brings upon the business world. The Stockholder Theory maintains that managers should act merely as agents to the stockholder and only serve their interests-the maximization of profits (45). Milton Friedmans argument being, they are the owners of the business, and hence they should be entitled to all profits (45). Although this simple profit-motive concept may achieve the desired result, and address all of the interests of the stakeholders it lacks compassion that is so prevalent, and in my opinion superior,†¦show more content†¦If law is the publics agency for translating morality into explicit social guidelines and practices it clearly illustrates the lack of morality imposed upon society as a result of the Stockholders Theory. According to John Stuart Mill most persons, and perhaps all, have a basic moral sensitivity to the needs of their fellow human beings (17). This was so prominently displayed when Southeast Asia was devastated by the recent Tsunami disaster that touched the hearts of both the public and corporate society. Hundreds of millions of dollars were donated by the corporate sector to provide those misfortunate people with aid. No doubt some of those corporations were displaying true social responsibility while others were merely acting the part in order to simulate this appearance. This, in my opinion, is the underlying difference in the two theories I am presently critiquing. Clearly Freemans Stakeholder theory is superior in this regard. With such massive profits accumulated by large corporations those that decide to bear social responsibility can significantly improve society as a whole. Immanual Kant proposes that persons should be treated as ends and never purely as means to the ends of others (22). Kantian ethics nicely distinguishes the difference between FriedmansShow MoreRelatedMultinational Corporations; There Definition and Evolution1034 Words   |  5 PagesA Multinational Corporation has been described as one that has production facilities or other fixed assets in at least one foreign country and makes its major management decisions in a global context. In marketing, production, research and development, and labor relations, its decisions must be made in terms of host-country customs and traditions. In finance, many of its problems have no domestic counterpart-the payment of dividends in another currency, for example, or the need to shelter workingRead MoreThe State Of The Public Corporation : Not So Much An Eclipse As An Evolution2039 Words   |  9 Pagesof the Public Corporation: Not So Much an Eclipse as an Evolution† In this article, the author, Conrad S. Ciccotello, discusses the current situation of public corporation through decades, evaluates its performance and evolution, and offers his own thoughts for the future of public corporation. At the very beginning of the article, the author presents Professor Michael Jensen’s argument of the Eclipse of the Public Corporation, which is more specifically that the U.S. corporations would shift fromRead MoreAnalyze the Evolution of Supply Chain Management in Apple Corporation2084 Words   |  9 PagesApple’s Supply Chain Management – An Overview Many supply chain professionals consider Apple’s supply chain to be the best in the world. But is that simply because Apple is among the most recognised brands in the world? For an objective analysis, a deeper look into the management and supply chain must be investigated thoroughly. However, in order to study Apple’s supply chain management, parameters on what a supply chain is must be set. 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Although America has made progress concerning the acceptance of social issues such as same sex relationship and marriage, people are still unwilling to acknowledge that gender inequality is still rampant among ourRead MoreManagement And The Many Factors Of Management Essay1514 Words   |  7 Pagesmanagers. Managers have the responsibility and power to make decisions and oversee the corporation. â€Å"The size of management can range from one person in a small organization to hundreds or thousands of managers in multinational companies† (â€Å"Business dictionary,† 2016). There are typically Three different levels of managers First-line managers, Middle managers, and Top-line mangers. Previous studies found that corporations would be lost without management. This term paper discusses the theory behind theseRead MoreThe Importance Of Same Speech Rights759 Words   |  4 PagesTopic: Corporations should have the same speech rights as individuals and there should be no limits on their political contributions. In 2010 the Supreme Court opened the door via the first amendment to permit the greater influence of corporate money on democratic processes than ever before. Since that time there has been a continuous discussion and debate over that ruling. That’s because the five justices in the majority declared and essentially said that first amendment protects corporate managersRead MoreA Learning Evolution Within The Organization892 Words   |  4 Pagesthere is a learning evolution around employee development in every organization large or small. It is the decision of the organization to transform from traditional to developmental organizations. In my own definition, employee development is encouraging employees to increase knowledge, obtain or acquire new skills and apply new ideas to that of the organization itself and its cultural. Within the book â€Å"Beyond The Learning Organization† , There are three type of evolution learning; TraditionalRead MoreThe Evolution Of T he Accounting Profession1134 Words   |  5 PagesCase 1-5: The Evolution of the Accounting Profession Throughout history the accounting profession has seen continuous growth. It has even been discovered that an elaborate accounting system was utilized as early as 8000 to 3000 B.C. (Schroeder, Clark, Cathey, 2014). Humans have deemed it necessary for centuries to account for money and inventory items. In the nineteenth century, the accounting profession took another major step forward when the joint ventures evolved into corporations in England-