PURPOSE of the Corporation is:
1. EFFICIENT organization of Capital and Labor.
2. PROFIT for Shareholders.
3. VALUE for Stakeholders and Customers.
4. SUSTAINABLE Economic Growth and Competition.
5. PROSPERITY within the system of Capitalism.
6. LEGAL actions and performance.
PURPOSE of the Corporation in the AGE OF AI is:
A. NOT to entirely displace Labor with Capital via AI & Robots.
B. NOT to entirely disrupt the status quo of Capitalism.
C. NOT to create X-risk for every man, woman and child.
Learn more:
- “The purpose of a corporation is to conduct a lawful, ethical, profitable, and sustainable business. It aims to create value over the long term, considering stakeholders such as shareholders, employees, customers, suppliers, creditors, and communities. While the standard answer used to be shareholder wealth maximization, corporations today recognize a broader responsibility beyond just benefiting shareholders. — Microsoft Copilot
- On the Purpose of the Corporation – Harvard Law School Forum on Corporate Governance