Ask any business student (or anyone for that matter) what the purpose of the corporation is, and they will likely parrot back that it is to “make money for its shareholders.” The prevalence of this belief is coming under much needed scrutiny within business circles and among business students, but it is not gaining enough attention within business education and that needs to change.
Andrew J. Hoffman
Andrew J. Hoffman is the Holcim (US) Professor of Sustainable Enterprise at the University of Michigan, a position that holds joint appointments at the Stephen M. Ross School of Business and the School for Environment & Sustainability. His recent book is Management as a Calling: Leading Business, Serving Society from Stanford University Press.