What Exactly is a Business Philosophy?

What Exactly is a Business Philosophy?

According to Adele Burney’s (n.d.) online article “The Importance of Business Philosophy,” a business philosophy is similar to a mission statement and/or a company’s vision. It is essentially “set of beliefs and principles that a company strives to work toward” (Burney, n.d.). So how can that be translated into your own, personal, business philosophy?

Jared Lewis (n.d.) discusses in his article “How to Apply Moral Philosophy to Business Ethics” the fact that our individual moral compass drives our business ethics and helps to define the culture we choose to create for ourselves.

Burney, A. (n.d.). The Importance of Business Philosophy. Small Business – Chron.com. Retrieved from http://smallbusiness.chron.com/importance-business-philosophy-37798.html (Links to an external site.)Links to an external site.

Lewis, J. (n.d.). How to Apply Moral Philosophy to Business Ethics. Small Business – Chron.com. Retrieved from http://smallbusiness.chron.com/apply-moral-philosophy-business-ethics-33340.html (Links to an external site.)Links to an external site.

Personal Business Philosophy

Anders Indset (2018) is The Business Philosopher. (Links to an external site.)Links to an external site. Read through his “Business Philosophy Introduction” (Links to an external site.)Links to an external site. and begin to develop your own thoughts, feelings, and ideas about what you consider to be most relevant when conducting business as a individual, an business owner, and/or an employee.

Alain deBotton (2014) does a great job of expressing the implicit connection between business and philosophy. Small businesses and large companies alike “[cater] to the deeper human needs in the areas in which it operates (deBotton, 2014). How can you be an integral part of that level of connection between what you do and those you serve. Even if you, as an individual, do not directly serve the public or outside clientele, you still have internal people whom you serve.

Indset, A. (2018). BUSINESS PHILOSOPHY – Anders Indset | Business Philosopher. [online] Business Philosopher | Anders Indset. Available at: https://www.businessphilosopher.com/business-philosophy-anders-indset-2/ [Accessed 19 Aug. 2018]. (Links to an external site.)Links to an external site.

deBotton, A. (updated 23 Jan 2014). Business and Philosophy. [online] HuffPost. Available at: https://www.huffingtonpost.com/alain-de-botton/business-and-philosophy_b_4170623.html [Accessed 19 Aug. 2018]. (Links to an external site.)Links to an external site.

Example

Neil Patel (2103) wrote a list of “11 Business Philosophies to Live and Die By”; read through that list to help refine your own rough ideas. If you already had something along the same lines, use the explanation section to express that, cite the article, and tell how you will make it your own.

Patel, N. (20 Jun 2013). 11 Business Philosophies to Live and Die By. [online] Quick Sprout.com. Available at: https://www.quicksprout.com/2013/06/20/11-business-philosophies-to-live-and-die-by/ [Accessed 19 Aug. 2018]. (Links to an external site.)Links to an external site.

Your Task

Compile a list of 10 business philosophies similar to Patel’s (2013); state the philosophy as a heading, then give an explanation/description of approx. 150 words to express what you mean, why it’s important to you, and how you will follow it.

Requirements

  • Use a letterhead you create for yourself
  • sans-serif & 12 pt font
  • full-block format with section headings & sub-headings