2. the integrated life: what he didn't learn in business school
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Book Report: The Integrated Life by Ken Eldred 2. What He Didn't Learn in Business SchoolTRANSCRIPT
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What He Didn’t Learn in Business School
David L. Johnson, Ph.D.
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1. Three Truths Not Provided in Business School What is the real goal of business? Where do good business principles come
from? What is the unrecognized pillar of
capitalism?
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2. The real goal of business To serve others to the glory of God Profits are still important
Cannot neglect efficiency or profitability Serving investors requires a return on their investment
Matthew 25:14-21 Parable of talents Mat 25:14-30 "Again, it will be like a man going on a
journey, who called his servants and entrusted his property to them. … After a long time the master of those servants returned and settled accounts with them. The man who had received the five talents brought the other five. 'Master,' he said, 'you entrusted me with five talents. See, I have gained five more.' "His master replied, 'Well done, good and faithful servant! You have been faithful with a few things; I will put you in charge of many things. Come and share your master's happiness!‘”
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2a. What Does Serving Others Imply? A helpful guide for excellent service to
customers: Luke 6:31 “Do to others as you would have
them do to you” Luke 10:27 “He answered: "'Love the Lord your
God with all your heart and with all your soul and with all your strength and with all your mind'; and, 'Love your neighbor as yourself.'“
Not a guaranteed recipe for success May need to serve an employ by terminating May need to offer grace to delinquent customer
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2b. What Work Glorifies God? Must be in harmony with God's created
purposes Creation of useful products and the delivery of
useful services Not pornography or illegal drugs, Most commercial activities are helpful to society
Should be done with excellence Colossians 3:23 Whatever you do, work at it with
all your heart, as working for the Lord, not for men,
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3. Where Do Business Principles Come From? Dr. Douglass North wins
1993 Nobel Prize in Economics for proving a direct link between economic development and a society’s formal and informal rules.
Morals contribute to economic success Good business principles come from the
Bible
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3a. Where Are We Headed?
Moral-Bible
Amoral-Law
Immoral-Self
Biblical Traits
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3a. Examples of Amorality
Harvard Business School ethics program
Braniff Ethics case
“Veritas Christo et Ecclesiae” Truth for Christ and the Church
Harvard’s original seal
VE RI
TAS
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3b. Example of Morality
Golden Rule Store
J.C. Penney
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4. Spiritual Capital, the Missing Leg of the Stool Spiritual capital Unrecognized pillar of capitalism
Hope Honesty Respect Accountability Integrity Rule of law Property rights
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4a. A Judeo-Christian Tradition and Economic Prosperity Why did capitalism
thrive in certain parts of Europe and the U.S.?
Almost every nation at the top of the GDP per capita list (at right)has a Judeo-Christian tradition C
O
OO
O
C
C
C
CCCC
CC
C
CCCC
(C = Judeo-Christian tradition; O = Oil based)
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4b. Where is the Wealth of Nations?
Source: Where is the Wealth of Nations?, Washington, D.C., The World Bank, (pages 20-21)
Retrieved from: http://siteresources.worldbank.org/INTEEI/214578-1110886258964/20748034/All.pdf
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4c. Saving and Withdrawing Spiritual Capital
Spiritual Capital
Biblical Value
Practices
Unbiblical Practices
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4d. London Livery Companies
The Skinners
The Drapers
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