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The authors argue that the main difference between the two categories of firms is that the first is focused on maximizing knowledge, while the latter focuses on maximizing profit.
The methods of operations research and programming provide scientific criteria for maximizing profit, minimizing cost, and selecting the most profitable combination of products.
"Capitalism cannot be only about maximizing profit," he said.
The sellers, by and large, are professionals, highly sophisticated in the ways of maximizing profit in a Web auction.
Minor Sinclair, head of Oxfam America, said he believes the chicken industry puts public opinion and working conditions last and simply focuses on maximizing profit.
They therefore think government's primary duty regarding businesses is to see that they are free to pursue their goal of maximizing profit.
There is a basic conflict between the goal of maximizing profit at every level and the goal of actually providing health care to those who need it.
"There are too many entrenched interests whose objective is maximizing profit, not sustainable use," said Masayuki Komatsu, an expert on the fishing industry at Tokyo's National Graduate Institute for Policy Studies.
What the board could or should have done is still being debated, but there is no debating that maximizing profit ran counter to some of the socially and environmentally minded investments that the founders valued.
In a 1980 interview with The New York Times, Mr. Philipson explained the difference between university publishing and the profit-making kind: "Commercial publishers must think of maximizing profit.
That will help support SNX's objective of maximizing profit margins.
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