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On the profit versus responsibility spectrum, where is the equilibrium?
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He said for-profit schools have the responsibility to disclose their on-time graduation rates, tuition and fees charged and median debt of graduates.
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Even a well-intentioned and safety-conscious company like BPR would choose the profit path over the corporate responsibility one.
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This notion of a conscious approach to value creation is built on the fundamental premise that every business performs better when it has a deeper purpose than short-term profit maximization and recognizes its responsibility to all of its stakeholders, not just its shareholders.
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Few companies would choose responsibility, would risk corporate martyrdom, over profit and survival in these circumstances.
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For-profit start-ups offer lots of responsibility and workplace fun to young employees, for instance.
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As the government gave up its Master Plan responsibility to educate California students, the for-profit sector expanded to fill the demand.
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In September, a three-year agreement was reached giving the Internet Corporation for Assigned Names and Numbers (ICANN), the non-profit body formed in 1998 and assigned oversight responsibility on behalf of the U.S., greater autonomy.
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For-profit education flooded the market only after the state began to abandon its responsibility to create sufficient institutional capacity in the public system.
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