What Makes A Business? Essay

What Makes A Business? Essay

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investments. Of course, it is possible for corruption to enter a business that derived from one person, but revolved into a major firm that would impact thousands of American citizens. However, it is management’s responsibility to ensure that the firm’s foundation remains second to God. “Where there is no guidance the people fall, But in abundance of counselors there is victory” (Proverbs 11:14, NASV). If the leaders of the business do not respect the values of the business, it will lead to lack of respect for employees and customers. When the righteous increase, the people rejoice, But when a wicked man rules, people groan” (Proverbs 29:2, NASV). A plausible reason that resulted in Merrill Lynch ending in calamity is connected to the new company owner firing thousands of qualified and experienced employees which led to the firm’s most tremendous downfall. The firing of the employees was due to greed and resulted in the company losing its reputation and ultimately, its profit. “Do nothing from selfishness or empty conceit, but with humility of mind regard one another as more important than yourselves” (Philippians 2:3, NASV). If O’Neal was not given authority to fire all of Merrill’s trained associates, the company would not have been exposed to the disaster that the leaders and consumers were faced with. "Furthermore, you shall select out of all the people able men who fear God, men of truth, those who hate dishonest gain; and you shall place these over them as leaders of thousands, of hundreds, of fifties and of tens” (Exodus 18:21). If there was an ethical leader that valued the fundament of business ethics, the firm could have avoided such a devastating loss that caused unemployment and debt to the employees and employers that...


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...ployees by committing fraud.
When a company keeps God first and have ethical leaders to run a trusted company, a company cannot go wrong. Companies should have morals and values that glorify God. If Merrill Lynch would have set up ethic programs and had moral and values for them to abide by, the company would have been a success. Instead, they use the people for the own pleasure for the money. According to Ruddell (2004), Business Ethics, Faith that Works, explains to have a successful global business means to understand your own view and the views of others so that you can find a common ground for doing business (Pg. 15-16). Some companies might have different values and standards of your own, but you have to stick to what you believe and find a way to not compromise your own beliefs. “If you don’t stand for something, you will fall for anything” (Peter Marshall).

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