Abstract
Traditionally, the large business corporation has been conceptually regarded as a relatively closed system. Although such organizations—like all living systems—must conduct various exchanges with their environment to survive [l], the prevailing form of corporate behavior is based upon a financial accounting model which excludes the many “social” transactions that are implicitly involved in corporate activities. The following two prominent examples are cited for illustration.
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References
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Halal, W.E. (1978). An Open-System Model of the Corporation. In: Klir, G.J. (eds) Applied General Systems Research. NATO Conference Series, vol 5. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-0555-3_58
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DOI: https://doi.org/10.1007/978-1-4757-0555-3_58
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