Theories Of Business Management And The Importance Of Stakeholder Theory

Theories of Business ManagementThe report here deals with some important theories, which are used in organizations to create business model in order to produce the best services. The theorists, mentioned here, are Milton Friedman, Reverend Freeman, Jon Boatright and Michael Jensen. Their theories are both related and contradictory in nature. Friedman talks about profit making in business. Freeman opposes this theory and says that business depe…