It is not meaningless in practice. I can agree it is insufficient and that groups lead to emergent behavior. But it is meaningful to note that the individual components of an organization have free will and potentially a sense of ethics/morality.
Each company has different behaviors, some broadly can be assumed, like, a company won’t usually want to deliberately destroy or bankrupt itself (there have been exceptions to this!). Others will contribute greatly to social or environmental programs that directly hurt short term profits. how they get to those decisions is complex and requires strategy, execution, leadership, etc. Not something so 19th century as “profit maximization”
My original post was to state that’s it is false to suggest that a company is always a profit-maximizing amoral machine. People aren’t machines and The emergent behavior of any given corporation rarely is “Profit maximization”. It is sort of like saying the emergent behavior of a sports team is “point maximization”. It is meaningless and not true.
Each company has different behaviors, some broadly can be assumed, like, a company won’t usually want to deliberately destroy or bankrupt itself (there have been exceptions to this!). Others will contribute greatly to social or environmental programs that directly hurt short term profits. how they get to those decisions is complex and requires strategy, execution, leadership, etc. Not something so 19th century as “profit maximization”
My original post was to state that’s it is false to suggest that a company is always a profit-maximizing amoral machine. People aren’t machines and The emergent behavior of any given corporation rarely is “Profit maximization”. It is sort of like saying the emergent behavior of a sports team is “point maximization”. It is meaningless and not true.