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152"The only responsibility of corporate executives, provided they stay within the law, is to make as much money as possible for their companies."
Outline:
The maximizing of the profit as a responsibility of the executives will benefits the whole of their company and incite more competent people to join and assist their company.
For the basic requirement of the employee in the company and the survival of their company, the executive must make as much money as possible for his or her company, legally.
Because the fallacy of the legislation, the executive’s plan easy to harm the society.
Essay:
The author claims that the corporate executives is only responsible for the maximizing his or her company’s profits, as long as stay within the law. I partly concede that the responsibility lie in the profiting their company is compelling standard for any effective leaders. However, the author’s claim begs questions for the reason that overlooking the risk for undue pursuit for the interest, and do harm to our society and other corporation or individuals.
Firstly, I fundamentally agree with the author has something to do with the merit of rising their profits. Nowadays, in the current years, under the competing pressure, the profits or the fund of the corporation is become undoubtedly the major sign of the strength of the company. Every super company in our world---such as IBM, Microsoft, SONY and so forth, which contribute significantly to the development of the society and the human’s knowledge, hold abundance of fund from the profit made by the their efficient executive. Moreover, they accordingly attract more and more competent leaders by their affluent resource, primarily by opulence and their bright future. Thus, for the reason that the company needs better development, their executive must be responsible for making as much money as possible.
Secondly, the compelling argument for the necessity of maximizing profit margins due to the fact that the company need to survive in the company. From the profits they make, the company distribute the money to the employees, and at the same time, invest for the further development. Without a better sales strategy decided by the executive, the profit will definitely become low and the salary distributed to the employees will decline. Even more, the enterprise might eventually bankrupt, and in turn, the total population of the lay-off will increase correspondingly. Thus, for the steady of the society and for everybody’s interest in the company, maximizing the profits is imperative for the executive.
However, on the other hand, undue pursuit for the interest will be unexpectedly harmful to the society, even assuming that all of the behavior or the plan made by the executive stay in law. The legislation is a procedure to balance the interest from the diverse section of the society, but never could satisfy all of the individuals, also never could consider every respect of the function within society. Thus, if we only obey the law, it is entirely possible that we are harmful to some others or even harmful to the holistic society. To substantiate my caveat, simply consider the deleterious behavior which is not defined as a crime in the laws. After we recognized and consternated with the frailty of our laws, we just begin to revise and calibrate our law to be more applicative to diverse situations. Thus, because of the weakness of the legal system, we cannot set a criterion only based on the whether the behavior accord with the law.
In sum, I basically agree the author’s claim that the major response for the executive, even extending to every effective leader, is enhance their profits in the procedure of marketing. However, the claim is extreme and ambiguous for the potential deficiency of the law.
[ 本帖最后由 staralways 于 2006-3-24 00:29 编辑 ] |
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