InstructionA 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 the sole purpose of a public business is to generate profit for shareholders. How does this purpose differ (or does it?) if the company is not publically traded? Fast forward decades; has this philosophy changed? If not, why? If yes, why and how? In this short essay discussion, students will integrate the literature from this course to respond to this discussion prompt.