The Dual Purpose of Corporations: Profit and Social Responsibility

Other📄 Essay📅 2026
The subject of the fundamental goal of corporations is raised in Alex Edmans' film "The Social Responsibility of Business" to gain profit for shareholders or to serve a larger social purpose encompassing consumers, employees, and the environment. Edmans concludes that firms, in addition to creating money for shareholders, should try to serve a societal purpose. He contends that firms may contribute to long-term success and sustainability by concentrating on providing value for all sta

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keholders, benefiting not only shareholders but also employees, consumers, and the environment. From the view point of human resource management, the approach to organizational social responsibility should be consistent with Edmans' viewpoint. Employees are a crucial component of a company's success and sustainability, and HRM should understand this. When companies focus their workers' well-being, growth, and job happiness, they generally experience increased productivity, loyalty, and creativit...

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Phoebessays. (2026, February 12). The Dual Purpose of Corporations: Profit and Social Responsibility. Retrieved from https://phoebessays.com/paper/530c50b3-7503-4649-8d94-1b03d5bc85e7

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