Creating Capital: Money-making as an aim in businessLipman, Frederick L. (Frederic Lockwood)
Philosophy
Creating Capital: Money-making as an aim in business
Lipman, Frederick L. (Frederic Lockwood)
Business; Saving and investment; Wealth -- Moral and ethical aspects
whether there are many of them to-day or not, it is a type tending to
disappear in the environment of modern business which offers its
inducements and rewards to him who does, who becomes, who renders
service, not to the sordid seeker for gain. Barring an occasional
exception, such an exclusive aim is not that of the man of large
affairs, the business leader, the conspicuously successful man. It is
not Harriman, nor Edison, nor Weinstock, nor Marshall Field, nor
Peabody, nor is it the heads of our big corporations of to-day. Such
men are money-makers, creators of capital, builders of large
enterprise, but their aim at profits while genuine is only incidental
to their main purpose of doing, of becoming better able to achieve, of
rendering service. When the beginner in business approaches an
experienced friend for advice, he is told to work as hard and as
faithfully as possible, to study his business, to seek to improve
himself--in other words, to concentrate his whole strength on the
giving of service, for his wages or salary will take care of itself.
The experienced man knows well that this holds just as truly for all
ranks in the business world and that the higher one ascends in
responsibilities, the more he must give and do; indeed the leading
positions in the business world are occupied by men who produce
tremendously, whose value to themselves and others lies in what they
accomplish, and this--not what they get--is the criterion of success
among men of experience, among those in charge of enterprises, who are
on the lookout for leaders of this type.
Here we have the remedy for the tendency backed by natural selfishness
towards undue devotion to gain: such narrowness simply does not work,
it is crowded out by competition with the superior efficiency of
broader motives. And while, here and there, the type continues to
exist, its development in new cases is discouraged by every instance
illustrating the relative success--in all senses--attained by those who
make it their chief aim to produce, to render service. Just as the
physician bestows his first thought upon his patient, these superior
business men give first consideration to their profession, for so they
regard it, and this tends to assure their success, just as it does that
of the physician, and to become the standardized ideal for lesser men.
Public-domain text, read in full here on John Shaqi.
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