A fundamental basis for a successful strategy is understanding an organization's purpose. Why does the organization, i.e., company, corporation, exist?

Milton Friedman, a free-market economist, suggested in the 70s that thesolepurpose of a publicly-traded business is to generate profit for shareholders.What [be specific] has changed in the last 40 years regarding the responsibility [beyond the shareholders' demands for profits] of publically-traded businesses?Discuss and provide an example.

Need 300 words and references