mesrobme_bus101freedman

mesrobme_bus101freedman - Though happy employees and...

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Assignment: Friedman vs. Friedman Course Name/Section: BUS101 Mike Mesrobian January 28, 2009 One Friedman to Rule them All In the Freedman article posted on Blackboard, the overall concept is that all people involved in business are stakeholders that an executive must account for. From primary shareholders, like stockholders and employees, to secondary shareholders such as interest groups and the government, executives must take into account their best interests as well when making decisions. This approach intends to create a more stable work environment. In the Milton Freedman article from the book, Friedman argues that the primary responsibility of executives is to please the needs and desires of the shareholders. They must be satisfied above all because they provide one with a salary and a livlyhood.
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Unformatted text preview: Though happy employees and customers are essential to any business, at the end of the people who take financial risk deserve to be the priority of executives. I agree with Milton Friedmans view of things because the stakeholders overlooks the fact that the endgame of everything is to make money for the shareholders. Happy employees are more productive employees, thus executives should try to make them happy in-order to make them more productive and make more money. The only reason secondary stakeholders such as special interest groups are dealt with is to prevent them from affecting revenues and the shareholders profits. At the end of the day, every executives business decisions are made in the interests of earnings for the shareholders....
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This document was uploaded on 11/02/2011 for the course BUS 101 at Miami University.

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