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Philosophy of Business

To create anything big and sustainable it is important to have a strong philosophical foundation. Business is no exceptions to this principle. Business models are a result of the philosophy of the given business.     In the wake of the crisis, an era of severe turbulence, rapid changes, and increasing complexity has emerged. A black cloud hangs over the past decade’s economic prosperity and global consumption habits, which fundamentally challenges the purpose of business. All too often the approach to business practices has been one-dimensional, lacking in richness and depth   In these times, it is important to be able to view the world in different shades – one of the possibilities, rather than constraints. While the discipline of philosophy can help pave the way forward, it remains to be widely regarded as irrelevant to formal education programs in business schools. But they might think differently if they take a closer look.   “Once hired, philosophy majors advance more rapidly than their colleagues who possess only business degrees,” writes Thomas Hurka, Professor of Philosophy at the University of Calgary. He strongly advises the younger generation to study philosophy, if they want to be successful in business