Purposes of business system in society

Still too many people think that the main purpose of business is making money. This flawn, primitive belief may be important reason responsible of high percentage of business failures.

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Purposes of business system in society
Profit is by-product
Circular flow of money - dual purpose of economic system
Meaning of wealth
Purpose of firm = make profits
Purpose of the firm = maximising shareholder value
must ensure survival/longevity of the company
Assets, liabilities, and risk
Behaviour ethics of personel
Business mind-set or worldview
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Deliver services not products
Improves the Whole
Living enterprise
Ownership
Personal Accountability
Sustainability as an opportunity vs. as a problem
Vision and Policy -- Santiago Matalonga
Well-being of participants
Win/win
Graph of this discussion
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