Mgmt 440--F19 Chapter 4.ppt - Business and Society(MGMT 440...

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Critics of Business (Chapter 4) Professor Charles H. Smith Fall 2019 Business and Society (MGMT 440)
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Read this case study on pages 83-86 on your own before class and then discuss the following questions with small groups in class What were points asserted by Mother Jones? Do we hear any of her points echoed by any politicians today? Did the fact that Mother Jones was a woman help or hinder her effectiveness? Case Study – Mary “Mother” Jones
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Critics of business base their arguments on the following concepts Businesspeople often place profit above “good” values such as honesty, truth , justice, love, piety, aesthetics, tranquility, and respect for nature. Emphasize profit vs. honesty and profit vs. tranquility. Economic development puts a strain on society. Introduction to and Origins of Critical Attitudes Toward Business
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Greeks and Romans – both were agrarian societies Philosophers reasoned that profit-seeking was an inferior motive; commerce led to excess, corruption and misery. Plato – insatiable appetites exist in every person but could be controlled by acquiring inner values. Aristotle – believed in benign form of acquisition consisting of getting things needed for subsistence. Epictetus and Marcus Aurelius – truly rich person had inner peace rather than money or property. Introduction to and Origins of Critical Attitudes Toward Business cont.
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Middle Ages – Roman Catholic Church was dominant in Europe Roman Catholic theology
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