Searching for the General Theory of the Firm

Organization and Change

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In Ho Kim, Republic Of Korea

Searching for the General Theory of the Firm

Is it not possible to set up the general theory of the firm?
The reason why I raise this question is that there are so many methods, models and theories in dealing with business management, both theoretically and practically.
As we all know, a firm is a social institution to earn profit in a dynamical environment through value creation in which a firm should contribute positively to the society it belongs.
If we recognize the profit-seeking formula in addition to the things mentioned above in terms of the indicators of expected revenue and cost, then we are able to set up the general theory that will be applicable to any firm in any industry at anytime. .

  Jaap de Jonge
Editor, Netherlands
 

General Theory of the Firm?

I'm afraid firms are quite complex social phenomena, so it may never be possible to capture them in a single theory or model.
Your definition of the (purpose) of the firm is far from universally agreed, there is considerable difference in what people people believe should be the purpose of firms. See shareholder value perspective, stakeholder value perspective, Porter's Shared Value and Mourkogianni's Moral Purpose for the most important views on this.

  In Ho Kim, Republic Of Korea
 

About the Very Purpose of the Firm

The very purpose of the firm must be to earn profit, taking into account so many aspects that will affect on profit-seek...

  Jaap de Jonge
Editor, Netherlands
 

Value Based Management

IF we accept your idea that profit or better: "long term value creation" is or at least should be the first aim/p...

  In Ho Kim, Republic Of Korea
 

Profit-seeker Rather Than Value Creator

If we accept that profit can be earned through value creation, before taking into account value creation, how about sett...

  Jaap de Jonge
Editor, Netherlands
 

Profit versus Value

In my view, - Profit is an accounting word, short-term and only includes financial value. - Value is a strategic word,...

  In Ho Kim, Republic Of Korea
 

Profit is More Important than Creating Value

Value can be created/added by transforming something into somethng else more valuable through manufacturing/operations, ...

  In Ho Kim, Republic Of Korea
 

Understanding the Concepts of Value & Profit

Precisely speaking, value covers revenue and consumer surplus and producer surplus, and for revenue -cost = profit, reve...

  Robert Gerth
Project Manager, Sweden
 

Understanding the Concepts of Value and Profit

In Ho Kim, I think you have a point considering that organization can earn profit through value creation. But in practic...

  In Ho Kim, Republic Of Korea
 

Earning Profit Through Value Creation

Mr. Robert I'd like you to think what the real purpose of the firm is? Basically, a firm can earn a profit by creating...

  Richard Platt
Business Consultant, United States
 

Minimum Winning Game Theory: The General Theory of the Firm (for Aviation, Aerospace, Defense, High-Tech Electronics and Semiconductors)

Searched for years on what the "General Theory of the Firm" would be for my old firm, Intel Corporation, as our former C...

 

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Organization and Change



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