The Business of Business is More Than Business
Robert Simons of Harvard Business School has revived a famous broadside by Milton Friedman back in 1970, arguing that a company’s only mission is to “compete and win.” But, while companies have a responsibility to their shareholders, they also have a responsibility to the societies that grant them the right to operate.
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BERKELEY – Earlier this year, Robert Simons of Harvard Business School fired off a blistering indictment of American businesses and business schools. American companies, he charged, have become softheaded, unfocused, and uncompetitive, in part because business schools are persuading them to embrace a long list of gauzy, feel-good values, such as social responsibility, environmental sustainability, and inclusiveness.