Business Roundtable Philosophical Change
The Business Roundtable consists of the leaders of the largest companies in America. According to the Wall Street Journal, this group recently made a dramatic philosophical shift.
For decades, economist Milton Friedman’s theory that companies’ only obligation is to maximize profits for their shareholders has been the stated purpose of this group. Their new philosophy, however, changed the focus from the “shareholders” to “all stakeholders.”
This means that businesses should consider its employees, customers and society at large. This gets closer to a biblical worldview but still comes up short.
1 Corinthians 10:31 teaches, “So whether you eat or drink or whatever you do, do it all for the glory of God.”
As a follower of Jesus, our businesses exist to glorify God, not to simply produce more profits.
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