Why We Should Study Business?Including Its Success, Failure, History and Principels.
Course: Introduction to Business
Course Code: BUS 101
Why we should study business?including its success,failure,history and principels.
Assignment No: 01
Prepared for: Farhana Nusrat Rumman
Prepared by: Md. Mahadi Hasan Shawon
Why we should study Business:
The study of business will help us to increase our skills,sharpen our knowledge and understand the business and economic links among nations.There are some other reasons for which we study business:
1.Increasing dependence on others: Over the years,people have become more and more dependent on others.The knowledge of business is increasing the understanding of mutual dependence …show more content…
8.Utilization of resources: A countrys resources are used to produce goods and services that will meet the needs and wants of people.By studing business,we can easily know how to use properly our resources such as capital resources(fuel,raw materials,paper and money),natural resources (oil,natural gass,mineral,timber and water) and human resources (human talent,skills and competence,available in nation).
History of Business:
Business ethics has evolved through time and across disciplines into a discipline that is one of the most important topics in the field of business. For the historical development of business ethics, it is important to start with a definition of business ethics in a global context. The history of business ethics before 1960 depends on one’s perspective and objectives in tracing the concept of business organizations, as referred to in Figure 1. Ethics as a field of thought has existed in religion and philosophy for thousands of years and has been applied to business activities in the same way ethical values and norms have been applied to everyday life. Aristotle discussed economic activities, commerce, and trade. He makes normative judgments about greed, or the unnatural use of one’s capabilities, in the pursuit of wealth for its own sake. Aristotle provides the first recorded