The Dual Purpose of Corporations: Profit and Social Responsibility

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