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Essay

Managerial theories of the firm

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Barbara W

 

Date added:

November 2, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

10 / 2744

 

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2106 times

 

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Essay content:

The more contemporary managerial theories of the firm examine the possibility that the firm is controlled not by its owners, but by its managers, and therefore does not aim to maximise profits. Although profit plays an important role in these theories as well, it is no longer seen as the sole or dominating goal of the firm...
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The other possible aims might be sales revenue maximisation or growth. CLASSICAL THEORIES OF THE FIRM Profit maximisation Profit maximisation is the traditional approach to what is the objective of the firm. This theory assumes that the owner of the firm, who seeks to maximise personal wealth, controls the company...
displayed 300 characters

General issues of this essay:
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