Harvard business school essay questions 2011

The shift is indicative of the MBA’s nose for power. Before the 1970s, companies’ increasing cash piles had lessened their dependence on banks. But as those cash piles evaporated, the pendulum had swung back in finance’s favor. In a capitalist economy, power equals money, and between 1983 and 1992, the proportion of professional managers in the nation’s top 1 percent of household wealth holders showed a marked decline, while that of people working in finance spiked. And so that’s where the MBAs went. “For most of the 20th century, social organization in the United States orbited around the large corporation like moons around a planet,” wrote University of Michigan business administration professor Gerald Davis in “Corporate Power in the 21st Century.” But by the time Jensen was through, “any lingering doubt about the purpose of the corporation, or its commitment to various stakeholders, had been resolved. The corporation existed to create shareholder value; other commitments were means to that end.”

Harvard business school essay questions 2011

harvard business school essay questions 2011

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