Monday, January 18, 2010

Aristotle in the Business World

Today there was an article in the Chicago Tribune shedding light on the moral responsibilities owns have to their companies. The article conveys the message that business owners who have previously sold their company are now buying said company back in order to see it not fail. The article continues to talk about how said business owners are not in it for the money and wealth-getting but rather for personal morals and happiness. The article focuses mainly on Seigle's Building Centers but also touches on how other corporate executives have stepped back from the business but re-entered when it was apparent the business needed new ideas for a better future.
The non-issue – This article doesn’t necessarily pose a non ethical issue related to Aristotle writings but a moral and ethical achievement. These said business owners are practicing morality by taking a stand for what they have worked so hard for and what they believe in.
How it relates – Aristotle writes about and believes in the practice that property should be private but the product public. By entrepreneurs buying back their old businesses are helping the well being of the community and public. They save more jobs and ensure prosperity for their workers. This article also supports Aristotle’s desire for the focus of mankind not to focus on wealth getting but to pursue the natural Art of Acquisition meaning these business owners are using their abilities not to turn a profit (mostly) but to save a business that will ensure security for its employees.