Nov 14, 2017
What is the purpose of business? Nobel Prize winning economist, Milton Friedman, said it’s to maximize profit for shareholders. Peter Drucker, management expert, stated that the point of business is to create customer. Today, Professor Michael Dorff, a law professor at Southwestern Law School and the director of the Technology, Law, and Entrepreneurship program, joins us to set the record straight as to why businesses exist.
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