Working in a nonprofit can make a significant difference in the way leadership is done especially...

Working in a nonprofit can make a significant difference in the way leadership is done especially in terms of the primary purpose for work, which is usually altruistic. Do you think that a forprofit business can be equally as altruistic, even if their primary purpose is to maximize shareholder wealth?

Expert Solution

For profit driven companies its not possible for them ,to be totally altruistic like NGOs, since their main goal is to maximize shareholders value

However in today’s day and age companies need to have a good reputation with customers, suppliers, employees, and regulators if value is to be maximized. Employees want to work in originations that make a difference so that it instills a sense of pride in them

So companies need to benefit society, not just be profitable. By being involved in programmes that improve world conditions an organizations reputation is improved. This helps it attract top workers and loyal customers, get better cooperation from suppliers, therefore maximizing shareholders value

keosha answered 2 years ago

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