The classical view of corporate responsibility is that the role of business is solely to maximize profits and shareholder value.

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The classical view of corporate responsibility, also known as the traditional view or shareholder theory, states that the primary responsibility of a business is to maximize profits and shareholder value. This view has been challenged by more modern perspectives, such as stakeholder theory, which argues that businesses have a broader social responsibility to serve the interests of all stakeholders, including employees, customers, suppliers, communities, and the environment.

The Classical View of Corporate Responsibility Is That the Role