Now imagine what would change if the company in which you work goes out of business

tomorrow. You would lose your network of work associates, your workplace friendships, and
your firm-specific social and technical skills would suddenly have become useless to you. You
might have to move to a new town. Your children would need to change school, so they would
lose contact with their friends too.

Thus, the people making up the firm—owners, managers, and employees—are united in their
common interest in the firm’s success, because all of them would suffer if it were to fail.
However, they have conflicting interests about how to distribute the profits from the firm’s
success amongst themselves (wages, managerial salaries, and owners’ profits), and may disagree
about other policies such as conditions of work, managerial perks, and who makes the key
decisions—such as whether Apple should assemble iPhones in China or the US.

Now imagine what would change if the company in which you work goes out of business
tomorrow. You would lose your network of work associates, your workplace friendships, and
your firm-specific social and technical skills would suddenly have become useless to you. You
might have to move to a new town. Your children would need to change school, so they would
lose contact with their friends too.

Thus, the people making up the firm—owners, managers, and employees—are united in their
common interest in the firm’s success, because all of them would suffer if it were to fail.
However, they have conflicting interests about how to distribute the profits from the firm’s
success amongst themselves (wages, managerial salaries, and owners’ profits), and may disagree
about other policies such as conditions of work, managerial perks, and who makes the key
decisions—such as whether Apple should assemble iPhones in China or the US.

Now imagine what would change if the company in which you work goes out of business
tomorrow. You would lose your network of work associates, your workplace friendships, and
your firm-specific social and technical skills would suddenly have become useless to you. You
might have to move to a new town. Your children would need to change school, so they would
lose contact with their friends too.

Thus, the people making up the firm—owners, managers, and employees—are united in their
common interest in the firm’s success, because all of them would suffer if it were to fail.
However, they have conflicting interests about how to distribute the profits from the firm’s
success amongst themselves (wages, managerial salaries, and owners’ profits), and may disagree
about other policies such as conditions of work, managerial perks, and who makes the key
decisions—such as whether Apple should assemble iPhones in China or the US.

Now imagine what would change if the company in which you work goes out of business
tomorrow. You would lose your network of work associates, your workplace friendships, and
your firm-specific social and technical skills would suddenly have become useless to you. You
might have to move to a new town. Your children would need to change school, so they would
lose contact with their friends too.
Thus, the people making up the firm—owners, managers, and employees—are united in their
common interest in the firm’s success, because all of them would suffer if it were to fail.
However, they have conflicting interests about how to distribute the profits from the firm’s
success amongst themselves (wages, managerial salaries, and owners’ profits), and may disagree
about other policies such as conditions of work, managerial perks, and who makes the key
decisions—such as whether Apple should assemble iPhones in China or the US.

Now imagine what would change if the company in which you work goes out of business
tomorrow. You would lose your network of work associates, your workplace friendships, and
your firm-specific social and technical skills would suddenly have become useless to you. You
might have to move to a new town. Your children would need to change school, so they would
lose contact with their friends too.

Thus, the people making up the firm—owners, managers, and employees—are united in their
common interest in the firm’s success, because all of them would suffer if it were to fail.
However, they have conflicting interests about how to distribute the profits from the firm’s
success amongst themselves (wages, managerial salaries, and owners’ profits), and may disagree
about other policies such as conditions of work, managerial perks, and who makes the key
decisions—such as whether Apple should assemble iPhones in China or the US.

Now imagine what would change if the company in which you work goes out of business
tomorrow. You would lose your network of work associates, your workplace friendships, and
your firm-specific social and technical skills would suddenly have become useless to you. You
might have to move to a new town. Your children would need to change school, so they would
lose contact with their friends too.

Thus, the people making up the firm—owners, managers, and employees—are united in their
common interest in the firm’s success, because all of them would suffer if it were to fail.
However, they have conflicting interests about how to distribute the profits from the firm’s
success amongst themselves (wages, managerial salaries, and owners’ profits), and may disagree
about other policies such as conditions of work, managerial perks, and who makes the key
decisions—such as whether Apple should assemble iPhones in China or the US.

Now imagine what would change if the company in which you work goes out of business
tomorrow. You would lose your network of work associates, your workplace friendships, and
your firm-specific social and technical skills would suddenly have become useless to you. You
might have to move to a new town. Your children would need to change school, so they would
lose contact with their friends too.

Thus, the people making up the firm—owners, managers, and employees—are united in their
common interest in the firm’s success, because all of them would suffer if it were to fail.
However, they have conflicting interests about how to distribute the profits from the firm’s
success amongst themselves (wages, managerial salaries, and owners’ profits), and may disagree
about other policies such as conditions of work, managerial perks, and who makes the key
decisions—such as whether Apple should assemble iPhones in China or the US.
Now imagine what would change if the company in which you work goes out of business
tomorrow. You would lose your network of work associates, your workplace friendships, and
your firm-specific social and technical skills would suddenly have become useless to you. You
might have to move to a new town. Your children would need to change school, so they would
lose contact with their friends too.

Thus, the people making up the firm—owners, managers, and employees—are united in their
common interest in the firm’s success, because all of them would suffer if it were to fail.
However, they have conflicting interests about how to distribute the profits from the firm’s
success amongst themselves (wages, managerial salaries, and owners’ profits), and may disagree
about other policies such as conditions of work, managerial perks, and who makes the key
decisions—such as whether Apple should assemble iPhones in China or the US.