Lesson 5 Flashcards
considers the fundamental principle 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.
Philosophy of Business
They are activist investors who passionately advocate
for change during shareholder meetings.
Usually distinctive for aggressively questioning senior
management during the meetings.
Gadfly at the Marketplace
Is as “ a systematic process for examining the ideas, questions,
and answers that form the basis of human belief. It involves
recognizing that all new understandings is linked to prior
understanding that thought itself is a continuous thread woven
throughout lives rather than isolated set of questions and answer.
To understand what it’s not.
A way of thinking that allows individuals to define their own purpose
for learning and explore this purpose through open-minded
questioning of what they hold to be true.
Socratic Method
What Entrepreneurs Can Learn from
Socrates?
Entrepreneurs are bombarded by assumptions based on what
others and they themselves believe to be the best plan of action for
pursuing a business idea.
Entrepreneurial learning or the acquisition of knowledge necessary
for creating a business venture
SOCRATES APPLICATION IN COMPANY:
Should always practice check and
balances.
Narrowing down your problem from
general to specific through
questioning. Why had it happened?
Why?Why?Why?
Should practice the art of questioning
when trying to innovate or invent a
product for the market.
SOCRATES APPLICATION IN EMPLOYEE:
He who knows must act accordingly.
If something is confusing to you ask
questions to make sure you
understand everything.
If you do not know the process,
always ask. Do not impulsively do
something to avoid
miscommunication and other related
problem.
“ No one is more hate than he who speaks the truth.”
Know yourself - If you strengthen your self
knowledge, you don’t get so pulled around by
feelings.
It’s the guide you need that shows how to do
something well yourself
PLATO : THE PHILOSOPHER - KING
IMPLICATION TO BUSINESS FOR PLATO:
The role of the Leader is to provide clear rules and regulations in
the organization as well as systematic process of how the job is
done.
Being professional is also pointed out. The greatest virtue is
goodness. No matter how mad you are do not decide impulsive.
The role of the Leader:
to provide clear rules and regulations in the organization as well as systematic process of how the job is
done.
The greatest virtue is _____
goodness.
“ Let people seek fulfillment”
He based his ethics on a psychological theory of human
nature, insisting that we are naturally virtuous, rational,
social and happiness-seeking.
ARISTOTLE: ALL OR NOTHING
IMPLICATION TO BUSINESS FOR ARISTOTLE:
In this philosophy, employees should
feel satisfaction in their organization
from them to be extremely productive
and put out quality work in an
organization.
What the organization should do in “ALL OR NOTHING”:
Upper Management should act as a leader and not as
a boss.
Keep harmonious relationship in the workplace.
Work as a team.
Introduce the Hypothetical and Categorical imperatives.
IMMANUEL KANT: DUTY-BASED ETHICS
when an individual will perform a
certain action in order to achieve the desired end result.
Hypothetical imperatives
