What Is the Argument of Michael Porter and Several Others

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The Answer is Michael Porter and others argue that many public companies have defined value creation too narrowly in terms of financial performance.This in turn has contributed to some of the black swan events, such as large-scale accounting scandals and the global financial crisis.Managers' pursuit of strategies that define value creation too narrowly may have negative consequences for society at large, as evidenced during the global financial crisis.This narrow focus has contributed to the loss of trust in the corporation as a vehicle for value creation, not only for shareholders but also other stakeholders and society.

What Is the Argument of Michael Porter and Several Others

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