Evolution of Business

In: Business and Management

Submitted By brad8411
Words 1552
Pages 7
Take Home Assignment
Question 4:

“Specialization can bring short-term rewards, but can lead, in the long run, to an evolutionary dead end” (Wright, 28). The end of a civilization and the end of a company or business are drastically different measures, but similarities can be made in history patterns as to why a civilization or business might come to an end. The Enron collapse and other civilizations such as Easter Island and the Sumerians show these patterns which caused a “dead end” for both. While the details of history never repeat themselves, the patterns of history do — with alarming regularity. The circumstances only seem new because they arrive in different wrappers. But the contents are the same. The same human character repeats the same behaviour, creating the same problems and stresses that we respond to with an old familiarity. There is a pattern in the past of civilization after civilization wearing out its welcome from nature, overexploiting its environment, over expanding, overpopulating. They tend to collapse quite soon after they reach their period of greatest magnificence and prosperity. Ronald Wright’s book A short history of progress explains civilizations such as the romans, Sumerians, and most notably Easter island that came to a collapse. Easter Island was a smaller society that eventually came to an end by exploiting resources that benefitted them in the short run rather than the long. This is what wright explained in the book to be a “progress trap”. “Progress trap is when human ingenuity, in pursuing progress, introduces a problem(s) that it does not have the resources or imagination to solve, preventing further progress.” Here is where a similarity between the huge 62 billion dollar company Enron and civilization Easter Island come into play. Both Enron and Easter Island both ran into a problem that they did not have the resources…...

Similar Documents

The Role of Ethics in Business Evolution

...The Role of Ethics in Business Evolution Reconciling works of Managerial Literature, Business Ethics Writer and Catholic Social Teaching, Domènec Melé argued that a firm should be considered as a wholesome person and suggested the ethical implications of his view (Melé, 2012). The concept that a firm should be regarded as a legal person, and not just a profit seeking entity, was brought forth by the House of Lords in the (Salomon v. A. Salomon & Co. Ltd., 1897) case, paving the way for modern firms. Melé’s argument was revolutionary in that he considered the firm a wholesome person, bearing moral responsibilities for communities that it may potentially affect. This response paper aims to analyse Melé’s paper, further discuss his ideas, and finally incorporate the role of ethics in human evolution to project the possible direction of business evolution. The article started by suggesting that there are two views of the firm. The former views the firms as a nexus of contracts, implying that the firm functions as an aggregate of agreements. The latter views the firm as an aggregate of interests, adding a human element of desire to the soul-less assembly of agreements. Extending the addition of human element into the firm, Melé argued that the main constituent of a firm is social bonds, and thus, a firm should be regarded as a community. Personally, I think that the progression of arguments is well organised. Contracts stem from self-interests, and self-interests are......

Words: 1680 - Pages: 7

The Evolution of Business Ethics

...The Evolution of Business Ethics Introduction In any business, decisions must be made to ensure that a business entity or firm is conformity with its vision as well as mission. Most of decisions made by businesses are tailored toward wealth maximization of the firm which ensures that there is continuity production and operation of the entity. It is clear that most if not all businesses want to make profits, however, it is undeniable too that businesses must also be socially responsible to their environment which in this case involves consumers, sellers, lenders, the government and the entire community at large (Ferrell, Fraedrich & Ferrell, 2011). For a business to be able to accept its social responsibility, then the application of business ethics must be applied. Business ethics is considered to be the accepted norms or set standards that determine what is right and wrong in the context of a business organization. Therefore, this paper will summarize the development of business ethics over the past thousand years and describe the major changes that led to the focus of business ethics. In addition, the paper will illustrate how these changes impact business practices and compare them with my personal values that have evolved over time. Development of Business Ethics over the decades The origin of business ethics can be traced back during the time of business development, this goes back before 18th century, like any other personal values and norms, ethics in......

Words: 1207 - Pages: 5

The Evolution of Business Ethics

...The Evolution of Business Ethics The Evolution of Business Ethics November 18, 2013 The Evolution of Business Ethics “The history of ethics in business is a long one, going back to the beginning of business. If it were written, it would be an enormous and complex work. Business ethics is so recent a phenomenon that many might claim it is too young to have a history” (De George, 1987). “As recently as a decade ago, many companies viewed business ethics only in terms of administrative compliance with legal standards and adherence to internal rules and regulations. Today the situation is different. Attention to business ethics is on the rise across the world and many companies realize that in order to succeed, they must earn the respect and confidence of their customers” (Enterweb, 2004). Ethics deal with a variety of moral dilemmas that can either make or break a business. A worker has to deal with the ethical aspect of handle situation when it comes to the public and their own personal beliefs. Ethical issues can be simple to very difficult to handle. When it comes to dealing with the public, they try to incorporate some of the values of their potential customers to lure them in to their establishment. By incorporating the general public in to the ideas at least they will learn what offends or gain the consumer respect. This will help build a positive outlook for the company if it is done correctly. Learning whether or not a company is ethically or morally...

Words: 415 - Pages: 2

The Evolution of Business

...The Evolution of Business Jennifer Sterkenburg OMM 640: Business Ethics and Social Responsibility Instructor Whitten September 4, 2013 The Evolution of Business Since the term “business” became a word everyone was familiar with, the purpose and principle behind business ethics and values was created. Even though no one in this day and age can be 100% sure how businesses were created, and how entrepreneurs were able to provide a sense of stability for themselves and their families, we can see how they evolved; the companies we know today would not exist without the men and women who created businesses throughout history. Over the last several decades, companies have developed a sense of business ethics that have defined the reputation of companies and the mission that drives the company. From the 1960s to today, people have been concerned with different ethical issues and have managed to develop a society where those issues have made them stronger. According to the Ethics Resource Center (2009), the 1960s caused the most strain on people and their ethics, and it grew the society into one of the most significant eras in American history. The dilemmas that surrounded the 60s were nothing short of tension and domination. For example, the Civil Rights issues dominated the minds and hearts of that particular generation, the escalation of drug use, as well as how the tension between employee and employer grew are just to name a few of the problems that had to be......

Words: 1390 - Pages: 6

Business Communication Evolution

...willingness to assist. This is where I would create a positive spin and summarize the accounting errors as a learning experience that we will work through together. 4. Does the fact that the email came from the President, have any bearing on your course of action? Why? Yes, the fact the email came from the President of the company does play a role in the sense of urgency to resolve the issue as quickly as possible. This issue has apparently gained a lot of visibility at the executive level and with it I imagine a lot of negative feedback from the client. If clients were to speak amongst each other about issues related to money and accounting errors then confidence levels will surely be in question as well as future business deals. It would be in our company’s best interests to resolve this accounting issue as quickly as possible. Although this is a very serious issue needing an all hands on deck approach to resolve, cooler heads always prevail. Being a team player by being supportive to your peers is of utmost importance to not add additional unnecessary stress while working through this issue....

Words: 665 - Pages: 3


...Evolution within the field of Physical Anthropology is the Idea that “species change over time and have a common ancestry”(Park 2009, p36). With this in mind, the field of Physical Anthropology, also known as Biological Anthropology, can be used to explore and investigate the evidence of the human evolution. Within Biological Anthropology, evolution is observed as the change of humans and human ancestors over time. These changes that occur do not take place over night, nor do they happen over a decade. It takes thousands of years to produce changes in an organism to the effect that it would be classified as evolution. Physical Anthropologists study the remains of Hominins and other ancestors of humans to discover the link that connects us all. They also study other creatures to compare them to humans in an effort to understand where humans come from and what makes us human (Gonder, 2013). One way that Physical Anthropologists have found links of evolution from early Humans and Neanderthals is through dental evidence found and investigated by Professor Alan Mann. He concluded that modern humans did in fact evolve from Neanderthals by finding links in the dental history of each species. Though his evidence is disputed by some, like any other scientific evidence, there have been some that support him and have come to the same conclusion of the relationship between Humans and Neanderthals. One piece of evidence that supports his theory is from a group of researchers from......

Words: 1061 - Pages: 5


...Evolution Abstract One paragraph… The discussion on the origin and fate of the universe continues to revolve around creationists and evolutionary ideas, though creationism positions arise mainly of religion and philosophy, while the evolution is postulated mainly from science. One wonders if possible convergence in these fields in the discussion, that is, if you can address both creationism and evolutionism from science, philosophy and religion. Theory of Evolution In science the theory of evolution explains the huge variety of life arising by postulating a process of transformation through changes in genes that lead to new adaptations to the environment. By studying the genetic structure of living beings is a verifiable fact that they are related to each other and, therefore, aims to have a common origin as the emergence of new species due to the accumulation of changes that do diverge and take different paths to adaptation to the environment. In the scientific world, biological evolution represents the interpretative key of the living world. Life began about 3500 makes 4000 million years in the form of single-celled organisms without nuclei and took about two billion years to produce the first eukaryotes (unicellular organisms with nuclei), so the start was given very slowly. However, in evolutionary history there are times with a high evolutionary rate as the Cambrian period (540 to 520 million years, they were many forms of multicellular life). They also......

Words: 2014 - Pages: 9


...Evolution Principle of Marketing Final Project Presenting a marketing plan for launching our new product “EVOLUTION” the body spray in Pakistan for men. 2015 1/1/2015 Evolution Principle of Marketing Final Project Presenting a marketing plan for launching our new product “EVOLUTION” the body spray in Pakistan for men. 2015 1/1/2015 Submitted to: Ali Raza Noor. Submitted by: Aniq Malik. Awab Abbasi. Submitted to: Ali Raza Noor. Submitted by: Aniq Malik. Awab Abbasi. We would like to express my special thanks of gratitude to our teacher (Ali Raza Noor) who gave us the golden opportunity to do this wonderful project, which also helped us in doing a lot of Research and we came to know about so many new things we are really thankful to him. Secondly we would also like to thank our parents and friends who helped us in finalizing this project. We would like to express my special thanks of gratitude to our teacher (Ali Raza Noor) who gave us the golden opportunity to do this wonderful project, which also helped us in doing a lot of Research and we came to know about so many new things we are really thankful to him. Secondly we would also like to thank our parents and friends who helped us in finalizing this project. Contents Executive Summary 3 PRODUCT OVERVIEW 5 Current Market Situation 5 Market situation for Evolution 5 Market Description 5 Marketing Description for Evolution 6 Product Review 7 Evolution......

Words: 2905 - Pages: 12

Evolution. of Business Ethics

...Running head: THE EVOLUTION OF BUSINESS ETHICS The Evolution of Business Ethics Ebony Thomas Ashford University OMM 640 April 6, 2015 1 THE EVOLUTION OF BUSINESS ETHICS 2 The Evolution of Business Ethics Ethics includes a mixture of one's beliefs and standards in civilization. Every person has their own perspective of ethics because every situation, person, and culture is different. According to Ferrell et al (2013), "business ethics comprises the principles, values, and standards that guide behavior in the world of business" (Ferrell, Fraedrich, & Ferrell, 2013, p. 7). In simpler terms, business ethics are a collaboration of both society's ethics of right and wrong and the people who work for and have any involvement in an organization ethics. Therefore, regardless of an individual definition of ethics, it is equally important in a business environment and practicing good ethical behavior can eliminate the potential of a hostile environment. Ethics has changed tremendously over the years in society as well as the business world. This research will take a deeper look into the evolution of business ethics. A further analysis of the development of business ethics over the past decades and examines how the rise of social issues played an extensive role. Further, a discussion on how these changes impact current business philosophies and reporting practices will be also be reviewed. Development of Business Ethics Business ethics derived from innumerable changes that occurred...

Words: 1588 - Pages: 7

Business Strategy Evolution

...Pennsylvania Management 223 - Business Policy & STRATEGY Spring Semester, 1999 Course Description and Syllabus Instructors: Phanish Puranam (PP) & Michael G. Jacobides (MGJ) Office: 2061(PP) /2055(MGJ) SH-DH (Management Dept. Suite) Tel: 898-1231 (PP) / 898-1224 (MGJ) Email: puranam@management.wharton.upenn.edu jacobides@management.wharton.upenn.edu Class Hours: Tuesdays and Thursdays 12:00 to 1:30pm Office Hours: By appointment (PP) Course Overview This course focuses on strategic management and strategic decision making and examines issues central to the long-term and short-term competitive position of the company or division / business unit. Students are placed in the role of key decision-makers or their advisors and asked to solve problems related to the development or maintenance of the competitive advantage of the firm. We start the course by looking at strategy at the level of the business unit, which is the fundamental level for competitive analysis. The perspective taken is of a manager in a given unit with particular assets, capabilities and competitive challenges. We look at industry analysis, examine the sources of competitive advantage, and explore generic strategies: How can we analyze the competitive environment, and what are the basic options for business-unit level strategy? What are the bases of competitive advantage? What is the nature of the value chain? Following that, we look at how business units......

Words: 5591 - Pages: 23

Evolution of Business

...Evolution of Business Nikoa Jefferson MGT/426 April 25, 2015 Sharla Walker Evolution of Business Role of Innovation The business environment is continuously evolving with the integration of new management trends developed to create opportunity and respond to various challenges. However, with the unpredictability of the business environment which is driven mainly by globalization and technology, innovation turned out to be increasingly important to success. It means that innovation and strategy is converging to help in productivity. Innovation has the potential to change the agents within an organization to become better entrepreneurs to meet various challenges. Strategic thinking is crucial in creating a coherent, integrative and unifying framework for making decisions particular regarding the direction in which an organization goes and the resources it plans to utilize (Goldsmith, 2009). In some way, strategic thinking utilizes external and internal data, perceptions and opinions. It is proactive, conscious and explicit while defining competitive realm for strategic advantage in the organization. Strategies are formed to improve the performance of an organization which means that the company will have to conduct something unique and different compared to that of the competitors. Whenever an organization develops a new strategy, it means that they are establishing change whether it is......

Words: 1475 - Pages: 6

E-Business Evolution and Supply Chain

...E-Business The days of driving to a store to purchase something is not the only option. E-business has changed the way people shop on a regular basis. He remembers when he was a child his parents calling the number in the JcPenney’s catalog and explaining what they wanted to order, nowadays it is simple as a couple of clicks. This paper will discuss how e-business and evolved and compare and contrast the differences and limitations between e-business and e-commerce as they relate to supply chain management. He will begin by explaining the evolution of e-business. Evolution of E-Business The idea of e-business did not happen overnight, but once the Internet evolved it opened a new world to the way people shop daily and how businesses operate. People can sit in their living rooms and shop for anything and everything; without ever leaving the comforts of their own home. Businesses have come to the realization that the Internet is a very powerful tool and if they want to reach a new level they must look at evolving into the area of e-business. E-business started with major corporations; Wal-Mart, Sears, Target, and other retailers, but has evolved into some grocery chains offer customers the ability to shop for groceries online and have them delivered to their homes. He and his wife have taken advantage of how e-businesses have evolved. Where they use to stand in lines for Black Friday sales, they sit in their living room and do all the shopping from their computer,......

Words: 710 - Pages: 3

Evolution of Business

...Evolution of Business Business has evolved overtime from creative business man of years past into the giant Corporate America as people know it today. The struggle for money, food, land and valuable resources continues after the business world has under gone an industrial revolution. During this presentation the basic principles and practices created by founding business men are reviewed. These principles and methods are the roots of Corporate America and globally. Property rights The right of people to own, use, or sell valuable resources. Aristocracy is people given the right by a ruler to control a country’s resources, including its land and labor. Feudalism The business or economic system in which one class of people, aristocrats, control the property rights to all valuable resources, including people. Mercantilism The business system in which a product’s price differences are exploited by trading the product across markets and countries. Merchant A trader who uses the discrepancy between the value and price of a product in one market and another to trade goods for profit. Bankers The people who estimate the risks associated with a new venture and determine the way profits from a venture should be shared. Industrial Revolution era in the eighteenth and nineteenth centuries that marked improved production and trade brought about by advances in technology. Trust A combination of companies linked by legal titles and property rights that allow......

Words: 285 - Pages: 2


...ION * PART A. Examine the mechanisms of evolution. * Evolution is the process by which modern organisms have descended from ancient ancestors (Evolution, N.D.) The four mechanisms that allow evolution to take place are genetic drift, gene flow, mutations, and natural selection. All of these mechanisms happen naturally and are necessary for evolution to take place. Genetic drift is the random change in gene or allele frequency with which an allele variation occurs in a small population. Genetic drift is simple change. Two different genetic drifts that can change the size of a population are the bottleneck effect and the founder effect (Campbell, Reece and Simon, 2004). The bottleneck effect occurs during drastic changes in an alleles population causing the population to have some alleles that may be underrepresented or eliminated completely (Campbell, Reece and Simon, 2004). Chance may affect the alleles population for generations until the population will become large enough to allow sampling errors to be considered insignificant (Campbell, Reece and Simon, 2004). Genetic drift in a new colony is called the founder effect (Campbell, Reece and Simon, 2004). It is likely to occur when a few individuals colonize an isolated area (Campbell, Reece and Simon, 2004). When a colony migrates away from a larger population its gene pool becomes least representative of the larger colony it migrated from (Campbell, Reece and Simon, 2004). Gene flow is the genetic exchange of......

Words: 661 - Pages: 3


...desirable traits that were once only prevalent in a few individual animals became common traits for entire species (Winston, 2009). There are countless amounts of evidence that suggest that humans owe their existence to evolution, however, many people are skeptical as to whether or not it is still occurring, and whether or not it is happening in the same way. Some scientists hold that the human race has reached “its biological pinnacle and is no longer capable of changing” (McKie, 2005, ¶1). Alternatively, some experts believe that humans are evolving faster than ever (Sample, 2007), and others believe it is still happening, just on different terms. There has not been any deciding evidence as to whether or not humans are still evolving, however, saying it isn’t happening is a very difficult position to defend. Gene mutations happen at random so saying that humans will never undergo any more evolutionary changes seems very unlikely (Douglas, 2006). Many scientists and evolutionists believe that the complexion of modern society is changing the means by which natural selection and, consequentially, evolution is occurring. The evolutionary trait of an advanced brain is what defines us as humans; ironically that same brain is what is allowing us to change the rules of evolution. As a result of a number of medical advancements, doctors are able to sustain life that would not have lasted back in Darwin’s time. This means that humans with genetic advantages are not the only ones......

Words: 3572 - Pages: 15