An imagined dialogue between Milton Friedman, the economist who has come to represent the shareholder primacy world view, and Socrates.
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The now venerable management scholar Charles Handy asked “What’s a Business For?” in an article published in Harvard Business Review in 2002. Charles Handy has often been ahead of the times—he anticipated the business process outsourcing phenomenon long before it become a standard part of the corporate playbook—and the question he posed in 2002 is has now become one of the current topics in business and management journals.
In August 2019 Business Roundtable, an association of the chief executive officers of major US corporations, redefined the purpose of the corporation to “promote an economy that serves all Americans”.
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Jane Diplock, one of the founders of integrated reporting and a committee chair at the International Integrated Reporting Council, believes we’re finally moving towards a new, more holistic era for capitalism — but it’s early days yet.