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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