I found Mariana’s Post on logic to be very interesting. It comments on the difference between financial logic and institutional logic. It links an article that defines financial logic as maximizing profits, and institutional logic as a balance between profits and public interest.
I disagree with this model. It reminds me of the debate of Friedman and Freeman regarding stakeholder theory. The author of the article argues that great companies take the wellbeing of the consumer into account rather than just profits. However, I believe that when a company seeks to maximize profits, it is generally taking the public interest into account. This can be explained by the high interest on social responsibility of consumers. In order to maximize profits, companies must adjust their behaviours to be parallel with the goals of the consumer. For example, by seeking to maximize profits, a firm is often already being socially responsible since social responsibility is a high priority to the consumer.
Mariana’s Post: https://blogs.ubc.ca/mdelosrios/2011/11/24/financial-logic-vs-institutional-logic/
Original Article: http://hbr.org/2011/11/how-great-companies-think-differently/ar/1