What should be the objective for wealth maximization and profit maximization?

The objective of wealth maximization focuses on increasing the overall value of a company for its shareholders, emphasizing long-term growth and sustainable financial health. In contrast, profit maximization aims to increase a company's immediate earnings, often prioritizing short-term gains. While both objectives are important, wealth maximization is generally seen as a more holistic approach, as it considers risks, market conditions, and the broader impacts on stakeholders. Ultimately, aligning both objectives can lead to a more balanced and successful business strategy.