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
It is indeed clearly self-evident that on many accounts the man in
business must give attention primarily to the service he is trying to
render. The clerk in the store must devote himself mainly to his
customers, to his merchandise, to his other duties, not to his salary.
And so with the department manager, and so with the general manager,
whether of a store, a railroad company, or other activity; the
immediate daily problem for all lies in the rendering of a service, the
producing of a commodity, or the doing of the thing for which the
business enterprise exists. This concentration upon output is
furthermore required by competition which whips the producer into line
and often makes it a matter of business life and death that one should
make progress in method and quality. That his shoes wear is a matter of
pride to the shoe manufacturer. "Blank tires are good tires" is not to
be regarded as merely a boastful advertisement. If it was it would not
pay the advertising cost.
Money-making as an aim thus becomes subsidiary to the characteristic
activities of the enterprise, it is in a sense a by-product. But the
money-making aim is there, although perhaps in the background. It is
furnishing the power under which the enterprise operates. More than
that, it is the gauge indicating the prosperity or lack of prosperity
of the enterprise, its progress, its fitting in with the needs of life.
In short, the money-making aim spurs on the business enterprise, just
as the weekly or monthly pay spurs on the humble worker; but in each
case the main attention is given, and necessarily given, to the work to
be performed.
Public-domain text, read in full here on John Shaqi.
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