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A Theory of Business
| Content Provider | Scilit |
|---|---|
| Author | Donaldson, Thomas Walsh, James P. |
| Copyright Year | 2021 |
| Description | What is the purpose of business? While most agree that business minimally involves the creation of value, a blurred double image of value haunts our discussion of purpose. The image of what counts as value for a single firm is laid atop an image of what counts as value for business in general. These two images cannot match. Indeed, the resulting conceptual blurriness is a classic example of a composition fallacy. We should never mistake the properties of a part for the properties of the whole. A theory of the firm is ill-equipped to handle the many expectations we hold for business practice. As such, this chapter seeks to establish the beginnings of a theory of business, one that is both empirical and normative, and offers four central propositions about the purpose, accountability, control, and success of a business. Book Name: The Routledge Companion to Corporate Social Responsibility |
| Related Links | https://api.taylorfrancis.com/content/chapters/edit/download?identifierName=doi&identifierValue=10.4324/9781003152651-6&type=chapterpdf |
| Ending Page | 64 |
| Page Count | 9 |
| Starting Page | 56 |
| DOI | 10.4324/9781003152651-6 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2021-07-09 |
| Access Restriction | Open |
| Subject Keyword | Book Name: The Routledge Companion To Corporate Social Responsibility Theory of Business Mistake Propositions Handle Blurred Fallacy |
| Content Type | Text |
| Resource Type | Chapter |
