Re: FW: What is the purpose of a commercial firm? (fwd)

[John Dowd <jsdwd@netcom.com>]

Thanks to Mike for his clarification.  I certainly did not intend to 
misrepresent his thoughts.
 On Mon, 3 Jan 2000, Mike Tveite wrote:

> John wrote:
> > I back up Mike on this.  It is clear that Deming thought the aim of a
> > business was to benefit society.
> 
> My intent with the previous post was not to propose a "right" aim. As Deming
> frequently said, the aim is a value judgment. I do believe that different
> choices of aim lead to very different actions by the firm.
> 
> We can choose (as investors, employees, customers, or citizens) not to
> associate ourselves with a firm if we find its aim repugnant, but I don't
> believe that firm's aim is "wrong" because it is not one I support.
> 
> Mike Tveite
> mike@tetradgroup.com
> ============================================================================