The Purpose of Business – The Integral Role of Responsibility in Illinois Oil & Gas Operations
There are two popular views on the role of business. The first says the purpose of business is to make money and deliver investor value. The second says we should do those things, but in addition, in order to balance what by implication we are taking out of society in the form of profits, we should pursue a program of good works and philanthropy that is distinct from the business we actually are doing: a program of “public relations.”
These ideas are too simple. First, I do not think a business that only generates money would be a good business. It would not develop people, ideas, or markets. In short, it simply would not invest in the future. Business surely is about the long term and not just about tomorrow. Second, responsibility is not something to be added as an afterthought or as a public relations gloss. . . .