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Implications of Health South and Scrushy

In: Business and Management

Submitted By bigplay1
Words 1704
Pages 7
Paper-Case study: Michael Novak: Capitalism and the Corporation

Course ID: MGT7019-8-4
BY
Allen L. Ray
North Central University
Dr. George Kalidonis
Assignment #4

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Introduction
Modern businesses are facing major challenges if they plan on meeting that sensitive balance between business demands and customer satisfaction. The problem that exists is how to use the current guidelines in place that will provide a better business market without totally corrupting the fabric of moral integrity. While the concerning objective for most businesses is to make money, it is a delicate balance to do so without causing too much of an uproar within the economic structure. The problem to be investigated is where the beginning of industrialism starts and where capitalism ends and what factors should be addressed to ensure that the business industries do not yield totally under the invisible existing economic pressures. This paper will examine Michael Novak’s outlook concerning capitalism and the corporation and take an even closer look on what, if any, pressures will take place in shaping the modern business corporation. More so, this paper will attempt to answer the questions provided in the reading to help interpret basic concepts between capitalism and corporations.

How long has the corporation existed? Business corporations have existed for many centuries and over an even longer period of time. By definition, a corporation is an entity that allows individuals to do business without exposing themselves, personally, to the financial liability or loss associated with running a genuine and true business (E-notes, 2012). According to Novak, The modern business corporation was designed to continue beyond the life of the founding generation, began to provide goods and services on an unforeseen scale, and develop vast…...

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