However, you're not digging deep enough: Businesses pursue profit, not for its own merit, but rather to further the financial interests
of their owners, which again comes back to society, such as the folks in society who invest their savings, for vacations, for college, for retirement, etc., in stocks, mutual funds, etc. It still comes back to people - on you and me - no matter how you slice it. Those unreasonable expectations we collectively hold as consumers, well we hold comparable expectations when we're investors as well. And that's what drives the way things are.
I think you meant "
stakeholder" The term "shareholder" and "stockholder" are
synonyms "stockholder, bondholder, part-owner, sharer".
you are correct, typo error early in the morning. Don't need the yourdictionary.com to learn the synonym for shareholder or stockholder.
Again, I think your wording is problematic, and drive a misunderstanding of the reality. Consumers do not have a "vested" interest. They have a non-vested interest... precisely the opposite. That's one of the reasons why when the objectives of consumers and of owners clash, the objectives of the owners win - because the owners have a vested interest while consumers have a non-vested interest.
As mentioned before, you need to operate legally, which includes being honest about what you're offering and what you're going to provide. You also need to provide what you offer safely, and assuring security. Those are the only responsibilities to your customers that could trump the responsibilities to the owners, for the reason mentioned above. You do have other responsibilities to your customers, but those responsibilities are subservient to the responsibilities to the owners. If it doesn't make a difference to the owners, then surely you should be fulfilling those responsibilities to your customers. Indeed, many responsibilities to customers actually
serve the interests of the owners, and as such are responsibilities that should be fulfilled because they satisfy the responsibilities to the owners.
I don't disagree, but if push comes to shove, there is a priority, and it is the long-term best interests of the owners, over the interests of customers.
Well, to be fair, I disagree with the premise, and am asserting that the premise actually stems from something other than what is claimed. There is no way for me to see this specific thing from the other side of the fence without refuting what I actually believe. I did say, many times in this thread, that I respect the right of the poster to feel differently. That is effectively "viewing the opinions from the other side of the fence".
Yes, there are. Some things I mentioned earlier in this message (such as the relative priority of vested interests over non-vested interests) are absolutes.
Absolutely. Understand that businesses almost universally do understand the consumer half of the equation, while by contrast consumers understand very little of the marketing, sales and operations management half of the equation.