Purpose Of A Firm

Question 1

Purpose of a worker

Answer 1

Provide them a sense of meaning and purpose

Able to see the bigger pic and how they are helping in the bigger system will incentive them to work

Question 2

Multiple stakeholder theory

Answer 2

-

Question 3

Tragedy of the commons

Ruins for all

Answer 3

Ignore stakeholders will result in destroy of resources

Question 4

Think about Sustainability

Answer 4

To run a long course instead of short terms goal

Question 5

Attract new talent

Answer 5

Because of goodwill

Question 6

Win win situation

Answer 6

Shared belief and shared value

Question 7

Purpose of a firm

Answer 7

Have a thoughtful and engaging board to deliver value in terms of positive contribution to society by giving time and space for the ceo to realise his vision and space to accomplish what he wants (financial constraints)

Question 8

Three arm of government

Answer 8

1. Executives
2. Legislative
3. Judicial

Question 9

Milton friedman - agent

Answer 9

Is a representative of the company and should act in its interest

Shareholder’s primacy - only stock price matters

Question 10

Artificial structure

Answer 10

Companies should not be held accountable for environment, individuals should

Question 11

Windows dressing

Answer 11

For the sake of doing, does not hold substance

Question 12

Using monies of the shareholders

Answer 12

Passing costs to consumers and shareholders

Question 13

Executives are not trained to do csr

Answer 13

They are only good at management or executives matters