Preview

Individualism Mechanism in Modern Corporations

Better Essays
Open Document
Open Document
1901 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Individualism Mechanism in Modern Corporations
Liu

1

Individualism Mechanism in Modern Corporations
Without guidance from morality, it is naturally that corporations move towards individualism to some extent. In modern corporations, the imbalances of enterprise ethics aggravate the phenomenon of individualism, which is also an extreme reaction. Bakan describes the corporation as “the pathological pursuit of profit and power”. A value of “the profit is the only rule” causes nothing but negative effects on corporations. Only under a principle and moral corporate system constraints, the corporation can achieve long-term development. In this paper, I will primarily discuss the key negative individualisms existing in corporations, mainly reflected in their responsibility to society and employees, leading to effective resolutions for business management.
The corporation is an institution – a unique structure and set of imperatives that direct the actions of people within it (Bakan 1). The corporation itself is an organic whole, and every single employee is part of the whole. In this case, it is mutual responsibilities between the employee and the corporation for each other. A truly preeminent corporation should build an outstanding culture, which is that the corporation’s excellence is not from the demands to their employees but how to treat their employees. However, for the employee, concerning the corporation should be initial issue. On the basis, they should help to create and protect a favorable image and reputation for their corporation.
Individualism is of two kinds in corporations: one is positive individualism and the other is negative individualism. Positive individualism is in the context of collectivism, to pursue and maximize their interests based upon protecting common benefits. However, the important characteristic of negative individualism is self-centered and egoism, which basically is behaved in two respects, the social responsibility and the employee responsibility.



Cited: Bakan, Joel. The Corporation: The Pathological Pursuit of Profit and Power. New York: Free Press, 2005 Coutu, Diane, and Michael Beschloss. "Why Teams DON 'T Work." Harvard Business Review 87.5 (2009): 98-105 Catmull, Ed. "How Pixar Fosters Collective Creativity. (Cover Story)." Harvard Business Review 86.9 (2008): 64-72 “The Body Shop”. 2010. Web. 27 Nov. 2011. “Library of Economics and Liberty”. 2008. Web. 28 Nov. 2011. Sloan, Alfred M. “Thoughts On The Business Of Life”. 2011. Web. 23 Nov. 2011. “PIXAR”. 2011. Web. 28 Nov. 2011. “General Motors”. Web. 29 Nov. 2011.

You May Also Find These Documents Helpful

  • Powerful Essays

    Buckwold Chapter 11 Solutions

    • 10712 Words
    • 43 Pages

    “A corporation is an artificial person separate and distinct from its owners.” Briefly explain this statement.…

    • 10712 Words
    • 43 Pages
    Powerful Essays
  • Better Essays

    Corporation and Betty

    • 1382 Words
    • 6 Pages

    A corporation is a legal entity that is formed by state law to raise capital by issuing stock to investors. Corporations have several owners, but by law it acts as a single and legal person (Kubasek, Brennan, &…

    • 1382 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Summary: Case Study

    • 818 Words
    • 4 Pages

    but is related to the sole owner of the corporate-employer should be made in the same manner as that for…

    • 818 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Winter vs Summer

    • 434 Words
    • 2 Pages

    3. corporation: a corporation is a limited liability business that has a separate legal personality from its members. corporations can be either government-owned or privately-owned, and corporations can organize either for-profit or not-for-profit. A privately-owned, for-profit corporation is owned by shareholders who elect a board of directors to direct the corporation and hire its managerial staff. A privately-owned, for-profit corporation can be either privately held or publicly held.…

    • 434 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    I tried to see the good side of a corporation having legal rights while writing this essay but found that the cons far outweigh the pros. With the corporation’s characteristics of callous unconcern for the feeling of others, its incapacity to maintain enduring relationships, the reckless disregard for the safety of others, being deceitful by repeatedly lying and conning others for profit, its incapacity to feel guilt, and failure to conform to social norms with respect to lawful behaviour, a corporations is equivalent to being a psychopath (YouTube, 2011), and giving a corporation legal rights is akin to giving this psychopath the freedom to do as he pleases. The examples mentioned in this essay are only a glimpse of how the corporation is abusing its rights in our world and will continue doing so till we are but a mere speck of dust and our world is reduced to ashes. The day corporations realise that profit is not only about earning money, but saving lives of the people, saving time and resources, and saving our world, will be the day that corporate personhood will be welcomed by…

    • 2407 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    In today society, the modern corporation according to Joel Bakan, is singularly self-interested, regardless of the harmful consequences it might cause to other. Bakan also stated that the corporation is a "pathological" entity. The so-called pathological personality in humans is well documented and includes serial killers, rapist, and others who have no regard for the life and welfare of anyone but themselves. He begins describing a corporation is an institutional psychopaths that won’t let any obstacles that get into it way. It has fought with considerable success over that last twenty years. He recalls a time that some major American corporation were reaping substantial profits by working for Adolf Hitler. Next he tells what corporations have become over the course of history, and finally what can be done about it. Bakan's argument includes the point that the corporation's sole reason for being is to enhance the profits and power of the corporation. He tells by citing court cases that it is the duty of management to make money and that any compromise with that duty is dereliction of duty.…

    • 495 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    The American corporation faces the responsibility of creating a social good beyond the four reasons given by Michael Novak.…

    • 1870 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    guide reading

    • 403 Words
    • 2 Pages

    Friedman argues that the objective of a corporation is to maximize the profits within the guidelines of the law in the free and open society. If the corporate executive has a “social responsibility”, which means his is to act that is not in the interest of his employers.…

    • 403 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Corporation and people alike have the same liberties. We all have the freedom of speech, association and due process. When corporations back individuals on these liberties they have a stronger united front. When the corporations are involved in politics it protects the individual liberties because they are usually a larger part of political funding contributors. Politicians are going to help back these corporations decisions not to lose their funding from them.…

    • 267 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    1.1 Individualism vs. Collectivism, the individuals believe they should make their own choices and be responsible for them, they are concerned about losing their social frames, in contrast the collectivism involves the loyalty and group thinking in order to create hormonal work process. The individualism encourages individual achievements, as collectivism enhance the impotency of equity.…

    • 1879 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Social Media

    • 1339 Words
    • 6 Pages

    all the decisions in every corporation. With this follows the observance of a set of corporate…

    • 1339 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Finance Midterm

    • 1225 Words
    • 5 Pages

    A corporation is a legal entity created by a state, and it has a life and existence that is separate from the lives and existence of its owners and managers.…

    • 1225 Words
    • 5 Pages
    Satisfactory Essays
  • Better Essays

    A corporation is a type of business entity which has a legal entity separate and distinct from its owners (stockholders or shareholders). The owners of the corporation enjoy a limited liability advantage in the…

    • 1058 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    A corporation is a legal entity created and recognized by state law. It can consist of one or two persons identified under a common name.…

    • 3559 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Ot Exam Answer

    • 627 Words
    • 3 Pages

    A corporation is a body that is granted a character recognising it as a separate legal entity, having its own rights, privileges and liabilities distinct separate from its members.…

    • 627 Words
    • 3 Pages
    Good Essays