What Are the Fundamental Purposes of Business and the Responsibilities of Strategic Leaders?

What Are the Fundamental Purposes of Business and the Responsibilities of Strategic Leaders?

What Are the Fundamental Purposes of Business and the Responsibilities of Strategic Leaders?.Milton Friedman, a noted free-market economist, suggested in 1970 that the sole purpose of business is to generate profit for shareholders.

Peter Drucker, a leading management specialist, said during his decades of management consulting, that “the purpose of business is to create and keep a customer.”

Norman Wolfe (2010) wrote that “business is a complex living system that directs the flow of energy, and transforms it into desired results.” (p. 1)

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