Friedman meets Freeman – Who got it right on the future of capitalism? (Revised) (Mini Case)
This mini case sets up a debate about capitalism. Milton Friedman, in 1970, shared his view of the social responsibility of business to be increase its profits. This contrasts with Blackrock’s Larry Fink, who in 2018, 2019, and 2020 announced the era of purposeful capitalism. The case gets participants to think about stakeholder capitalism to meet societal demands. The key question posed at the end of the case is if there was a debate Fink meets Friedman, who has got it right for the future?
- This case is part of a mini-series focused on business and society that challenges participants to consider the lessons of various events and examples and how they can apply the learning to their own context. In this case the learning objectives are: – Considering whether capitalism has evolved. – Understanding capitalism from different perspectives across 50 years.
1970-2020
Cranfield University
Wharley End Beds MK43 0JR, UK
Tel +44 (0)1234 750903
Email [email protected]
Harvard Business School Publishing
60 Harvard Way, Boston MA 02163, USA
Tel (800) 545-7685 Tel (617)-783-7600
Fax (617) 783-7666
Email [email protected]
NUCB Business School
1-3-1 Nishiki Naka
Nagoya Aichi, Japan 460-0003
Tel +81 52 20 38 111
Email [email protected]
IMD retains all proprietary interests in its case studies and notes. Without prior written permission, IMD cases and notes may not be reproduced, used, translated, included in books or other publications, distributed in any form or by any means, stored in a database or in other retrieval systems. For additional copyright information related to case studies, please contact Case Services.
Research Information & Knowledge Hub for additional information on IMD publications
- Addressing the Covid-19 crisis: The CEO agenda (Mini case)
- Climate change: How fast can change happen? (Mini case)
- Distinguishing greening from greenwashing (Mini case)
- Friedman meets Freeman – Who got it right on the future of capitalism? (Revised) (Mini Case)
- From crisis to the new normal (Mini case)
- Looking back from 2030: We turned the corner on climate - How did we get here? (Revised) (Mini case)
- Addressing the Covid-19 crisis: The CEO agenda (Mini case)
- Climate change: How fast can change happen? (Mini case)
- Distinguishing greening from greenwashing (Mini case)
- Friedman meets Freeman – Who got it right on the future of capitalism? (Revised) (Mini Case)
- From crisis to the new normal (Mini case)
- Looking back from 2030: We turned the corner on climate - How did we get here? (Revised) (Mini case)
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
GENEVA (SWITZERLAND), AUGUST 2021. There was a lot at stake for Sébastien. This was the culmination of his 18-month NCA supported search journey to find a company to acquire. Instead of a single target, he was now faced with the prospect of acquir...
In the 2010s, card processing – Mastercard’s flagship service – started showing signs of commodification as new, nimble players (typically, fintech startups thriving on digital) entered the payment processing space, and customer preferences evolve...
The total costs of the Swiss healthcare system are rapidly approaching the CHF 100 billion mark per year. Now Switzerland is voting on November 24 on a further reform step. But that will not be enough. New ideas are needed.
Case reference: IMD-7-2515 ©2024
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
in NZZamSonntag 31 October 2024
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
in I by IMD
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
IMD Center for Sustainable and Inclusive Business Report, October 2024
Research Information & Knowledge Hub for additional information on IMD publications