business philosophies and popular management theories
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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 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 ...
, and the
moral obligation An obligation is a course of action which someone is required to take, be it a legal obligation or a moral obligation. Obligations are constraints; they limit freedom. People who are under obligations may choose to freely act under obligations. ...
s that pertain to it.


See also

*
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 c ...
*
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 eco ...


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. * Hutcheson, F. (1729), ''An Inquiry Concerning Morall Good and Evil''. * Kalin, J. (1968), "In defence of egoism", in ''Morality and Rational Self-interest'', edited by David Gauthier, Prentice Hall, New York, 1970. * Lodge, Rupert (1945), ''Philosophy of Business'', University of Chicago Press. * Mandeville, B. (1715), ''The Fable of the Bees''. * Rawls, J. (1971), ''A Theory of Justice'', Harvard University Press, Cambridge Massachusetts. * Lord Shaftesbury (1710), ''Enquiry Concerning Virtue''. * Smith, A. (1759), ''The Theory of Moral Sentiments'', in ''Adam Smith's Moral and Political Philosophy'', edited by H. Schneider, Harper, New York, 1948 and 1970. * Strasnick, T. (1981) "Neo-utilitarian Ethics and the Ordinal Representation Assumption", in ''Philosophy in economics'', edited by J. Pitt, Reidel Publishing. * Luetge C., ed. 2013, ''Handbook of the Philosophical Foundations of Business Ethics''. Heidelberg/New York: Springer, . {{philo-stub B Business ethics Applied philosophy