understanding the financial goals of firms with a focus on wealth versus profit maximization and assessing corporate governance concerns. This reflection should encapsulate how your understanding of these concepts has evolved and how you plan to apply this knowledge in your professional life.
Part 1: Financial Goals of Firms
Reflect on how your understanding of the financial goals of firms has developed. Discuss the distinction between wealth and profit maximization and the ethical considerations in the relationship between agents (managers) and principals (shareholders). How has your perspective on this relationship changed or deepened throughout this course?
Part 2: Corporate Governance
Assess your learning on corporate governance issues. Reflect on how governance concerns impact both individual corporations and their stakeholders. Consider how your newfound insights might influence your approach to evaluating or managing such concerns in a professional setting.
Part 3: Application of Learning
Conclude with discussing how you intend to apply these insights in your professional life. Are there specific strategies or perspectives you have adopted due to this course? How do you foresee these learnings influencing your decision-making process or ethical considerations in a business environment?