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0 pointsvisualradio4y ago0 comments

> A corporation that fails to provide an adequate return for their investment to its employees and customers is just as likely to fail as one that does not reward its shareholders adequately.

Author distinguishes corporation from employees in following sentence, so managers likely refers to employers which employ the employees. Employees are those who are employed by employers, the managers are those employers.

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ethanbond4y ago

Person A is an employee with no managerial responsibility. Person B is the direct manager of Person A and no one else.

Is your interpretation of the author’s argument that Person B and all of her superiors hold the same objective of improving the quality of their work life, but that Person A does not hold this as their objective?

visualradioOP4y ago

The format of the article was that of a critique. The author described how systems currently operate in a manner he viewed as deficient and then suggested ideas for improvements.

When the author states "the principal function of most corporations is not to maximize shareholder value, but to maximize the standard of living and quality of work life of those who manage the corporation", the author was implying that this is wrong.

They then stated that "Employees have a much larger investment in most corporations than their shareholders. Corporations should be maximizing stakeholder, not shareholder, value to employees, customers, and shareholders."

Thus the author semantically implies that "employees" are a separate group of persons from "those who manage the corporations". If employees and "those who manage the corporation" were the same group of persons or part of the system, then it would not have been necessary for the author to claim that corporations should also maximize value for employees, they would have only mentioned customers as the excluded group of stakeholders.

thewakalix4y ago

The objective of a corporation is a distinct concept from the objectives of the people working in the corporation. They may or may not align, depending on which person you're comparing it to.

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