Do you think companies should define their purpose as serving all stakeholders, as the Business Roundtable does, or prioritize shareholders per Friedman? Why?

What risks emerge when managers prioritize shareholder value over other considerations? How might maximizing short$-$term shareholder returns undermine long$-$term strategic investments essential for innovation and sustainable performance?

The Business Roundtable represents highly profitable major companies. Does this statement contradict or align with the idea that profit maximization drives long$-$term success?

Will Wall Street and shareholders allow companies to truly commit to addressing multi$-$stakeholder concerns? What pressures could prevent this?

Requirement:

Include at least one research reference in your discussion post. References should be from credible sources.

Citation:

Use APA format for all citations.

Include in$-$text citations and a full reference at the end of your post.