EVERY GOOD ENDEAVOR REFLECTION
approach that considers the well-being of employees, customers, and the community can lead to long-term success.
Ethical and Legal Implications:
From a legal perspective, maximizing shareholder value is a common corporate objective, often enshrined in corporate law. However, this does not absolve corporations from their ethical obligations. Ethical considerations, such as fair labor practices, environmental sustainability, and consumer protection, are increasingly important in today's globalized economy.
Moreover, the pursuit of profit should not come at the expense of human dignity or environmental health. A Christian worldview compels us to consider the impact of our actions on others and on the planet. By adopting a more holistic approach to business, we can create value for all stakeholders, including shareholders, employees, customers, and the community.
Every Good Endeavor Reflection: Shareholder Theory & Biblical Perspectives of Generosity
Reflection:
Keller and Alsdorf's assertion that "the way to serve God at work is to make as much money as you can, so that you can be as generous as you can" is a provocative one. While it aligns with the biblical principle of stewardship, it also raises important questions about the nature of work and the role of profit in a Christian worldview.
A study by Karolyi and Sanders (2009) found that firms with strong corporate social responsibility (CSR) practices often outperform their peers financially. This suggests that a focus on social and environmental issues can be a sound business strategy. While maximizing profits is important, it should not be the sole objective.
Every Good Endeavor Reflection: Shareholder Theory & Biblical Perspectives of Generosity
Reflection:
Keller and Alsdorf's assertion that "the way to serve God at work is to make as much money as you can, so that you can be as generous as you can" is a provocative one. While it aligns with the biblical principle of stewardship, it also raises important questions about the nature of work and the role of profit in a Christian worldview.
A study by Karolyi and Sanders (2009) found that firms with strong corporate social responsibility (CSR) practices often outperform their peers financially. This suggests that a focus on social and environmental issues can be a sound business strategy. While maximizing profits is important, it should not be the sole objective.