Business Philosophy
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Business Philosophy
The philosophy of business considers the fundamental principles that underlie the formation and operation of a business enterprise; the nature and purpose of a business, and the moral obligations that pertain to it. See also * Business ethics * Theory of the firm References * Drucker, P. (1954) ''The Practice of Management'', HarperBusiness, Reissue edition 1993, * Fort, Timothy (2001) ''Ethics and Governance: Business as Mediating Institution'', Oxford University Press USA, New York. * Friedman, M (1962) ''Capitalism and Freedom'', University of Chicago Press, Chicago, 1962 * Hutcheson, F. (1729) ''An Inquiry Concerning Morall Good and Evil'', 1729. * Kalin, J. (1968) "In defence of egoism", in ''Morality and Rational Self-interest'', edited by David Gauthier David Gauthier (; born 10 September 1932) is a Canadian-American philosopher best known for his neo-Hobbesian social contract (contractarian) theory of morality, as developed in his 1986 book ''Morals by Agreeme ...
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Business Enterprise
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates. A corporation is more complicated an ...
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Business
Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with Sole proprietorship, sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being su ...
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Moral Obligation
An obligation is a course of action that someone is required to take, whether legal or moral. Obligations are constraints; they limit freedom. People who are under obligations may choose to freely act under obligations. Obligation exists when there is a choice to do what is morally good and what is morally unacceptable. There are also obligations in other normative contexts, such as obligations of etiquette, social obligations, religious, and possibly in terms of politics, where obligations are requirements which must be fulfilled. These are generally legal obligations, which can incur a penalty for non-fulfilment, although certain people are obliged to carry out certain actions for other reasons as well, whether as a tradition or for social reasons. Obligations vary from person to person: for example, a person holding a political office will generally have far more obligations than an average adult citizen, who themselves will have more obligations than a child. Obligations are ge ...
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Business Ethics
Business ethics (also known as Corporate Ethics) is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. These ethics originate from individuals, organizational statements or the legal system. These norms, values, ethical, and unethical practices are the principles that guide a business. Business ethics refers to contemporary organizational standards, principles, sets of values and norms that govern the actions and behavior of an individual in the business organization. Business ethics have two dimensions, normative business ethics or descriptive business ethics. As a corporate practice and a career specialization, the field is primarily normative. Academics attempting to understand business behavior employ descriptive methods. The range and quantity of business eth ...
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Theory Of The Firm
The theory of the firm consists of a number of economic theories that explain and predict the nature of the firm, company, or corporation, including its existence, behaviour, structure, and relationship to the market. Firms are key drivers in economics, providing goods and services in return for monetary payments and rewards. Organisational structure, incentives, employee productivity, and information all influence the successful operation of a firm in the economy and within itself. As such major economic theories such as Transaction cost theory, Managerial economics and Behavioural theory of the firm will allow for an in-depth analysis on various firm and management types. Overview In simplified terms, the theory of the firm aims to answer these questions: # Existence. Why do firms emerge? Why are not all transactions in the economy mediated over the market? # Boundaries. Why is the boundary between firms and the market located exactly there in relation to size and output variety? ...
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David Gauthier
David Gauthier (; born 10 September 1932) is a Canadian-American philosopher best known for his neo-Hobbesian social contract (contractarian) theory of morality, as developed in his 1986 book ''Morals by Agreement''. Life and career Gauthier was born in Toronto in 1932 and educated at the University of Toronto (B.A. (Hons.), 1954), Harvard University (A.M., 1955), and the University of Oxford (B.Phil., 1957; D.Phil., 1961). He taught at the University of Toronto from 1958 until 1980, when he joined the Department of Philosophy at the University of Pittsburgh, where he is now Distinguished Service Professor emeritus. Gauthier has also held visiting appointments at UCLA, UC Berkeley, Princeton, UC Irvine, and the University of Waterloo. In 1979, he was elected a fellow of the Royal Society of Canada (F.R.S.C.). Philosophy Gauthier is the author of numerous articles, some of the most important of which are collected in ''Moral Dealing'', as well as several books including ' ...
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Anthony Ashley-Cooper, 3rd Earl Of Shaftesbury
Anthony Ashley Cooper, 3rd Earl of Shaftesbury (26 February 1671 – 16 February 1713) was an English peer, Whig politician, philosopher and writer. Early life He was born at Exeter House in London, the son of the future Anthony Ashley Cooper, 2nd Earl of Shaftesbury and his wife Lady Dorothy Manners, daughter of John Manners, 8th Earl of Rutland. Letters sent to his parents reveal emotional manipulation attempted by his mother in refusing to see her son unless he cut off all ties to his father. At the age of three Ashley-Cooper was made over to the formal guardianship of his grandfather Anthony Ashley Cooper, 1st Earl of Shaftesbury. John Locke, as medical attendant to the Ashley household, was entrusted with the supervision of his education. It was conducted according to the principles of Locke's ''Some Thoughts Concerning Education'' (1693), and the method of teaching Latin and Greek conversationally was pursued by his instructress, Elizabeth Birch. At the age of eleven, ...
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Christoph Luetge
Christoph is a male given name and surname. It is a German language, German variant of Christopher (given name), Christopher. Notable people with the given name Christoph * Christoph Bach (musician), Christoph Bach (1613–1661), German musician * Christoph Büchel (born 1966), Swiss artist * Christoph Dientzenhofer (1655–1722), German architect * Christoph Harting (born 1990), German athlete specialising in the discus throw * Christoph Maria Herbst, Christoph M. Herbst (born 1966), German actor * Christoph Kramer (born 1991), German football player and winner of the 2014 FIFA World Cup * Christoph M. Kimmich (born 1939), German-American historian and eighth President of Brooklyn College * Christoph Metzelder (born 1980), German football player * Christoph Riegler (born 1992), Austrian football player * Christoph Waltz (born 1956), German-Austrian actor and two times winner of the Academy Awards, OSCARS Academy Award * Christoph Martin Wieland, Christoph M. Wieland (1733–1813), ...
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Philosophy By Topic
Philosophy (from , ) is the systematized study of general and fundamental questions, such as those about existence, reason, knowledge, values, mind, and language. Such questions are often posed as problems to be studied or resolved. Some sources claim the term was coined by Pythagoras ( BCE), although this theory is disputed by some. Philosophical methods include questioning, critical discussion, rational argument, and systematic presentation. in . Historically, ''philosophy'' encompassed all bodies of knowledge and a practitioner was known as a ''philosopher''."The English word "philosophy" is first attested to , meaning "knowledge, body of knowledge." "natural philosophy," which began as a discipline in ancient India and Ancient Greece, encompasses astronomy, medicine, and physics. For example, Newton's 1687 ''Mathematical Principles of Natural Philosophy'' later became classified as a book of physics. In the 19th century, the growth of modern research universitie ...
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