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> Also good to know that there will literally ALWAYS be people willing to minimize the broken promises of corporations At some point, people realize that corpo
by jeffclark 13y ago
> Also good to know that there will literally ALWAYS be people willing to minimize the broken promises of corporations
At some point, people realize that corporations exist to maximize profit and not necessarily for the good of the customer.
- enraged_camel 13y agoThen why are they making promises for the good of the customer? There are plenty of corporations who don't make such promises.
- velik_m 13y agoTo maximize the profits?
- pbhjpbhj 13y ago>that corporations exist to maximize // Some, probably most, not all.
- derscheister 13y agoExactly which company doesn't exist to maximize profit?
- jggonz 13y agoSilence fills the room...
- jerf 13y ago"Maximize profit" is not a well-defined single thing. For instance, the suggestion that companies maximize profits without regard for their customers must explain why the customers actually stay with that company; in general that may be a short-term win but a huge long-term loss, and many companies have died that way. If nothing else you've got to consider long-term profit vs. short-term profit, and there are in fact many other "something elses" to consider (what level of risks to take, etc).
- axus 13y agoA "non"-profit? Different definition of profit, it's trying to maximize something else
- Surio 13y agoMaybe this is rhetorical, but there are a few that don't place "profit first". One such is http://en.wikipedia.org/wiki/Mondragon_Corporation http://en.wikipedia.org/wiki/Mondragon_Corporation
- taway2012 13y agoThere is such a thing as a B-corporation. https://en.wikipedia.org/wiki/Benefit_corporation https://en.wikipedia.org/wiki/Benefit_corporation "A benefit corporation or B corporation is a corporate form in the United States designed for for-profit entities that want to consider society and the environment in addition to profit in their decision making process." E.g., Patagonia is a B-corp.
- sanxiyn 13y agohttp://hackingbusinessmodel.info/ http://hackingbusinessmodel.info/
- pbhjpbhj 13y agoWell the company I work for as one and any other company that realises the pursuit of money without regard for other ideals is an exercise in destruction and exploitation. Often co-operatives will fit well in to this category as the workers in a co-operative are rather less likely to malevolently exploit themselves in a disdainful pursuit of profit before humanity.
- snowwrestler 13y agoI think the Guardian knows what a corporation is. That does not imply that they can't complain about corporate decisions.
- wdr1 13y ago> At some point, people realize that corporations exist to maximize profit and not necessarily for the good of the customer. Trite, but disputed by many (most?) leading authorities, including Peter Drucker. http://www.humanresourcesiq.com/drucker-on-management/columns/the-purpose-of-business-is-not-to-make-a-profi/ http://www.humanresourcesiq.com/drucker-on-management/column...
- reddit_clone 13y agoThose two don't have to be mutually exclusive you know.. Killing the goose is never maximizing profit.