After todays exam I had a nap and perhaps I was dreaming but I realized one thing. Business economics lessons are teaching us 3 important things: - dont act with managerial opportunism, in other words you should maximize shareholder value in the long term. - competitive advantage: as Michael Porter said, the competitive advantage is how a company can create a competitive advantage in an industry, in other words how a company can destroy other companies working better than them. - finance: how to become a broker and how to make such a huge amount of money anticipating the market!!! There is a clear contradiction between the first and the other 2 concepts but the trick is this: if I maximized the shareholder value my goal would be to make rich who already is rich = shareholder (companys owner). In my opinion they are teaching us how to make money but they are also teaching us how to fight between each other, between companies and in the market..Why this? Why dont we think to solve crisis problems and why dont we try to focus on the social welfare?? Moreover, people that should solve crisis problems are economists, politicians, and perhaps they are CEO, manager, ex broker... They made the crisis and they will never solve it because they also made the theories we are learning!! Dear M. Porter, for me you were wrong!
Posted on: Thu, 30 Jan 2014 14:54:35 +0000
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