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    Business Ethics

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    Shendy Acosta
    The document discusses the purpose of business from both subjective and objective perspectives. Subjectively, reasons for starting a business include desires like making more income, continuing a family legacy, or seeking competition. Objectively, three scholars are discussed who debate the primary responsibility of business: 1) Milton Friedman argues profit is the primary responsibility of business. 2) Paul F. Camenisch believes the social function of business to sustain and enhance life should take primacy over profit. 3) Ronald Duska's views are not described.

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    Business Ethics

    Uploaded by

    Shendy Acosta
    1K views7 pages
    The document discusses the purpose of business from both subjective and objective perspectives. Subjectively, reasons for starting a business include desires like making more income, continuing a family legacy, or seeking competition. Objectively, three scholars are discussed who debate the primary responsibility of business: 1) Milton Friedman argues profit is the primary responsibility of business. 2) Paul F. Camenisch believes the social function of business to sustain and enhance life should take primacy over profit. 3) Ronald Duska's views are not described.

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    The document discusses the purpose of business from both subjective and objective perspectives. Subjectively, reasons for starting a business include desires like making more income, continuing a family legacy, or seeking competition. Objectively, three scholars are discussed who debate the primary responsibility of business: 1) Milton Friedman argues profit is the primary responsibility of business. 2) Paul F. Camenisch believes the social function of business to sustain and enhance life should take primacy over profit. 3) Ronald Duska's views are not described.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    1K views7 pages

    Business Ethics

    Uploaded by

    Shendy Acosta
    The document discusses the purpose of business from both subjective and objective perspectives. Subjectively, reasons for starting a business include desires like making more income, continuing a family legacy, or seeking competition. Objectively, three scholars are discussed who debate the primary responsibility of business: 1) Milton Friedman argues profit is the primary responsibility of business. 2) Paul F. Camenisch believes the social function of business to sustain and enhance life should take primacy over profit. 3) Ronald Duska's views are not described.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 7

    The Purpose of Business

    Chapter II
    What purpose of Business?
     To earn profit and to make money
     They say that he or she does not care
    about profit but to help and to be of
    service to the customers, consumers,
    employees, the government and the
    community
    Some Subjective Reasons for Putting Up a
    Business
    Subjective
    Refers to reason that
    motivate the individual to put
    up a business
    Vary from person to person
    Reasons for Putting Up a Business
    1) The desire to make more income for
    oneself and his/her family
    2) You may intend to engage in business
    3) You may own a business probably
    because you are continuing the legacy of
    your family
    4) You may decide to start a business
    5) Your desire for competition
    The Objective Purpose of Business
    •Three Scholars
    1)Milton Friedman
    2)Paul F. Camenisch
    3)Ronald Duska
    Milton Friedman: Profit as the Primary
    Responsibility of Business
    • Social Responsibility
    One of the social issues in International Business
    It refers to obligation of an organization’s
    management towards the welfare and interests of the
    society in which its operates
    The word “responsibility” means that the business has
    some moral obligations to the society
    The profit is not the primary purpose
    The primary objective is to strengthen itself with due
    regard to the interests of the shareholders, employees
    and consumers
    Paul F. Camenisch: The Primacy of Business
    Social Function
    • Published an Essay titled “Business Ethics: On
    Getting to the Heart of the Matter”
    • Nature of the business sector main concerns
    were so simple: life sustenance and life
    enhancement

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