Business Philosophy : The Bottom Line, And Something You Can Live

857 Words Feb 5th, 2016 4 Pages
Is it true that the "bottom line" of business is profit and profit alone? Profit is what every business strives to be after. Profit is the measure of success. Without profit jobs could be lost, hours cut, and less benefit for employees. So it is true that the bottom line of business is profit. But there are other aspects of business. There are some businesses that do not just do it for only the money. Even though profit is still a big deal to the companies they also use process philosophy. Being all you can be to help others and never stop improving is a very good example of business philosophy. When management stops being a part of making things better and improving things, then the business would go out of business. A business philosophy needs to be something that is personal, have meaning deep inside, and something you can live by. FedEx is an example of a company that has business philosophy. They use a people-first corporate philosophy. Utilitarianism is one of several common philosophies used to evaluate business ethics. Utilitarianism is associated with John Stuart Mill. Utilitarianism is a moral principle that produces the greatest balance of benefits over harms for everyone affected. With this it does not matter whether the benefits are produced by lies, manipulation, or coercion. Utilitarianism can be used in any business decision that wants to make a positive effect financially. Business ethics is concerned with outcomes. An example of this is the airlines. The…

Related Documents