Business 1050-014
The Foundation of Business Thought
“It will owe its existence to our needs.” (Plato)
It is all about perspective. I stand on the corner of 4800 South and 500
East in Murray, Utah. I see the rush of commerce. It takes a little
time…but, as I close my eyes, and start to visualize, I can appreciate how
it is that the thriving community evolved to this moment. It is not
perfect, but it is a result of the vision, hard work and commitment to
creation of a good life, the precursor, that this place, here and now,
became the city it is today.
“”Read not to contradict
nor to believe, but to weigh
and consider.”
Francis Bacon
“The parties to industry are four
in number: capital, management,
labor and the community.”…
“…the community’s contribution,
in maintaining law and order, in
providing agencies of
transportation and
communication, in furnishing
systems of money and
credit…while without the
community as the consumer, the
services of the other three
parties would have no outlet.”
John D. Rockefeller
“None of our men are “experts.”
We
have most unfortunately found it
necessary to get rid of a man as soon as
he thinks himself an expert—because no
one ever considers himself an expert if he
really knows his job. A man who knows a
job sees so much more to be done…”
Henry Ford (1863-1947)
“Money allows no power to prescribe the
value of your effort except the voluntary
choice of the man who is willing to trade
you his effort in return.
…money is only a tool. It will take you
wherever you wish, but it will not replace
you as the driver. It will give you the
means for the satisfaction of your desires,
but it will not provide you with desires.
…Money will always remain an effect and
refuse to replace you as the cause.
Money is the product of virtue, but it will
not give you virtue and it will not redeem
your vices.”
Ayn Rand
Bacon, F. (1597). The Essays. In C.M. Boardman & A. N. Sandomir (eds).
Foundations of Business Thought (2007), pp. 368-371). Boston:
Pearson Custom Publishing.
Ford, H. (1922). My Life and Work. In C.M. Boardman & A. N. Sandomir
(eds). Foundations of Business Thought (2007), pp. 500). Boston:
Pearson Custom Publishing.
Plato (nd). The Republic. In C.M. Boardman & A. N. Sandomir
(eds).
Foundations of Business Thought (2007), pp. 110). Boston:
Pearson Custom Publishing.
Rand, A. (1957). Atlas Shrugged. In C.M. Boardman & A. N. Sandomir
(eds).
Foundations of Business Thought (2007), pp. 167).
Boston: Pearson Custom Publishing.
Rockefeller, J. D. (1917). The Personal Relation in Industry. In C.M. Boardman
& A. N. Sandomir (eds). Foundations of Business Thought
(2007), pp. 214). Boston: Pearson Custom Publishing.
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