RSM100Y1 Lecture Notes - Lecture 4: Institute For Operations Research And The Management Sciences, Celestica, Zirconium
Document Summary
According to the diamond, when government as one corner of the. Diamond shuts down, society is negatively affected (business, poor people, etc. ) The true responsibility of a business is to make and increase profit for its shareholders and owners; they don t have to provide jobs to people who lost jobs. In rare cases, business promises its employees job for life, even through thick and thin. In this case, everyone"s interest is in line with company"s interests: when time is worse, everyone"s salary goes down. Human is seen as production units: usually, companies lay off people when time"s though and hire more when time"s good. However, this action leads the employees to create their own business or join other corporationsthe company loses them with their intelligence foreverblackberry is going to lay off 5,000 employees. *business creates wealth for society, and society helps business to create wealth.
