This document discusses several classical philosophies and their implications for business practices: 1. Confucian philosophy emphasized morality, social relationships, justice and sincerity. These values like obedience and respect can benefit entrepreneurship if applied correctly, such as in human resources management. 2. Socrates' use of questioning assumptions and testing theories can help entrepreneurs evaluate their beliefs about opportunities and products. 3. Plato's Theory of Forms values abstract thought over art/mythology. He saw education as important for a healthy state. 4. Aristotle believed virtue and happiness were the highest goals. Leaders should create an environment where people can reach their potential. 5. Other philosophies discussed include

1. PHILOSOPHIES OF
BUSINESS
PRACTICES
WEEK5
MELC: Identify the classical philosophies and
their implication for business principles and
practices

2. LEARNING COMPETENCY:
Illustrate how these philosophies
are reflected into business
practices

3. Word Hunt!
In your activity notebook find and
list down10 business classical
philosophies and business-related
words

5. CHECK ME IF YOU ALREADY FOUND
ME!
SOCRATES ETHICS
PLATO BUSINESS ETHICS
ARISTOTLE VIRTUE
CONFUCIUS VIRTUE ETHICS
PHILOSOPHY UTILITARIANISM

6. THE CLASSICAL
PHILOSOPHIES AND
THEIR IMPLICATION ON
BUSINESS

7. A.

9. -emphasized personal and
governmental morality,
correctness of social
relationships, justice, kindness,
and sincerity.

10. It has been argued that Confucian values
such as obedience, respect for
authority and emotional control are not
naturally compatible components of a
common entrepreneurial standard,
however;

11. (1)
• These and other Confucian values can play a positive
role in entrepreneurial prosperity for China and the
rest of the world if applied correctly.
• Confucian entrepreneurs can be defined as those who
apply traditional Chinese cultural values in respect to
maintaining the moral beliefs of Confucianism in all
aspects of business practice.

12. (2)
• Confucian values were applicable to positive interpersonal
relations in business practice and in the workplace, in
regards to successful human resource management in
particular.
• These values included: trustworthiness, Ren (compassion,
humanness), Li (ritual, etiquette), harmony and tolerance of
others.
• These values of interpersonal relations can generate a more
successful human resource management.

13. Confucian values can
aid in the creation of
entrepreneurs who are
true leaders of
society.

14. B.
The Gad-fly
at the
Marketplace
by Socrates

17. SOCRATES
He was the inspiration for Plato, the
thinker widely helps to be the founder
of the Western philosophical tradition.

18. • PLATO served as the
teacher of Aristotle

19. establishing the famous triad of ancient
philosophers: Socrates, Plato, and Aristotle.

20. What can
entrepreneurs learn
from Socrates?

21. • The Socratic Method is a way of thinking that
allows individuals to define their own purpose
for learning and explore this purpose through
open-minded questioning of what they hold
to be true.

22. • Entrepreneurs can find value in Socratic
Method because they, too, are bombarded by
assumptions based on what others and they
themselves believe to be the best plan of
action for pursuing a business idea.

23. • Entrepreneurial Learning or the acquisition of
knowledge necessary for creating a business
venture is built around the constant
questioning and testing of these assumptions
theories about what we hold to be true for
validity.

24. •These assumptions can range from
beliefs about what the market wants,
where opportunities lie, to the
effectiveness of a new product feature

25. C.

27. •He was the student of
Socrates and the teacher
of Aristotle

28. The Theory of Forms represents
Plato’s attempt to cultivate our
capacity for abstract thought.

29. The Theory of Forms differentiates
the abstract world of thought from the
world of the senses, where art and
mythology operate.

30. By investigating the world of
Forms, Plato hopes to attain a
greater knowledge.

32. Education for the Health of the
State
• Plato identifies education as one of the most
important aspects of a healthy state.
• Plato thinks that a child’s education is the last
thing that should be left to chance or parental
whim since the young mind is so easily
molded.

33. D.
Aristotle:
All or nothing

35. Virtue and
Happiness
The word happiness in the
Ethics is a translation of the
Greek term eudaimonia, which
carries connotations of success
and fulfilment.
Happiness is our highest
goal.

36. Moral
Education
A question of high importance
in any investigation of ethics
is how we can teach people to
be good.
“The rational person doesn’t seek money for its own sake.
The rational person uses money so that they can spend their time on
good moral works and developing their mind.”-

37. Moral
Education
A question of high importance
in any investigation of ethics
is how we can teach people to
be good.
The role of the leader is to create the environment in which all
members of an organization can realize their own potential.

38. E.
Immanuel Kant
The Duty-based Ethics

40. • He was a German philosopher who advances
the theory of deontology or deontological
ethics the theory of duty and obligation.
• Kant believes in always telling the truth because
if we cannot believe what others will tell us,
then agreements and even conversations with
people are not possible.

42. F.
Jeremy
Bentham and
John Stuart
Mill
-UTILITARIANISM-

44. BENTHAM-He is primarily
known today for his moral
philosophy
-principle of utilitarianism,
which evaluates actions based
upon their consequences.

45. “Happiness is thus a
matter of experiencing
pleasure and lack of pain.”

47. Utilitarianism - revolves around the
concept of “the end justifies the means.”
>>>>>The business principle holds the
morally right course of action in any
situation is the one that produces the
greatest balance of benefits over harms for
everyone affected.

49. Since ethics is universal
and the same for all,
companies should obey the
same ethical rules whenever
they operate.

50. For instance, they should respect
the rights of workers, should not
engage in bribery, should protect the
environment and not undermine the
local culture, and so forth.

51. COMPARING CLASSICAL
PHILOSOPHIES IN
RELATION TO THE
BUSINESS SETTING