Alternativní teorie firmy

This thesis is focusing on alternative theories of the firm and their distinctions to the traditional neoclassical theory of profit maximization. It goes back to perception of the firm in the society and to development of theoretical concepts of the firm, as well as to different points of view of profit or satisfaction principle. You will learn more about the reason which triggered the beginnings of alternative theories of the firm like separation of ownership and control, which was one of the most important assumptions of these theories. Special attention is paid to the most prominent managerial theories, their theoretical assumptions and mathematical expressions. The graphical representations and real life applications of these theories are also included. The remaining theoretical part talks about behavioral theories and their leading representatives. This chapter is sorted from the oldest theory to the youngest one including the most impressive ideas of each. The practical part is dedicated to corporate social responsibility. The short introduction is followed by a description of examined firm, Exxon Mobil Corporation. The fundamental section of this thesis deals with approach of the previously mentioned corporation to its employees, environment and also to the economic development of impacted parts of areas where it operates.