The Corporation Review

"CORPORATION DOCUMENTARY ESSAY EVALUATION FORM"

STUDENT NAME: MBA 555

Please provide FULL & COMPLETE response to each of the following questions (A - H).

A. Title, author, producer, and director of the documentary:

Author - Joel Bakan, based on the book The Corporation: The Pathological Pursuit of Profit and Power

Producer - Mark Achbar, Bart Simpson

Director - Jenifer Abbott, Mark Achbar

B. Briefly state the main idea of this documentary:

To demonstrate how corporations have existed to this point by demonstrating traits that are similar to behaviors found in psychopaths Ð'- dangerous and without a conscious. Even though corporations have shaped today's culture, people who choose to make a difference can indeed bring decency back to into our society.

C. List important facts that the authors uses to support the theorem.

From their origins, corporations were formed by men who thrived on power and profit at all costs. Corporations have exhibited tendencies that are also found in psychotic people including; callous unconcern for the feelings of others; incapacity to maintain enduring relationships; reckless disregard for the safety of others; deceitfulness: repeated lying and conning others for profit; incapacity to experience guilt; and, failure to conform to social norms with respect to lawful behaviors.

D. What information or ideas discussed in this documentary are also discussed in your textbook or other readings that you have done?

List your references.

From Managerial Economics, by Thomas & Maurice

Consumer Behavior Ð'- simplifying assumptions that permit us to go directly to the fundamental determinants of consumer behavior and to abstract away from the less important aspects of the consumer's decision process.

Value of a firm Ð'- the price for which the firm can be sold, which equals the present value of future profits.

Market demand Ð'- A list of prices and the quantities consumers are willing and able to purchase at each price in the list, other things being held constant.

Individual Consumer Demand Ð'- The demand curve of an individual for a specific commodity releases utility and maximizes quantities purchased to market prices, holding constant money income and the prices of all other goods. The slope of the demand curve illustrates the law of demand: Quantity demanded varies inversely with price.

E. List any examples of bias or faulty reasoning that you found in the documentary:

I felt that the argument was one sided and did not cite many examples or thoroughly examine the positive characteristics that corporations possess that have provided utility to the world and other humanitarian efforts that corporations undertake.

Also, the case brought forth regarding corporations as a psychopath was very narrow. Many corporations have provided great environments for their workers, for the community in which they preside and for their customers. Again, the argument is limited, narrow and not thurough.

F. List any new terms/ concepts that were discussed in the article, and write a short definition:

Externality Ð'- the effect of a transaction between two parties that have