Why
we need more powerful Multinational Corporations
(But
only after we make some changes in them)
Presenter: Professor William H. Starbuck (Professor
emeritus at New York University and Courtesy professor-in-residence at the
Lundquist College of Business of the University of Oregon)
The world faces very serious challenges and existing
social institutions have been unable to address these challenges effectively.
There is need for more powerful institutions that can cross national boundaries
and act rather speedily and with purpose. The corporation is the most effective
organizational form that mankind has created, and it is possible for
corporations to counteract and compensate for some of the deficiencies of
governments. However, we dare not give more power to corporations in their
present form. We need to reformulate the concept of corporation so as to
moderate corporations’ propensity for sociopathic behavior. Is it possible to
make corporations more beneficial without undercutting their advantages?
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