The Necessity of Morality in Business

Morality in Business

Q: How do you explain the issues with capitalism when it comes to the potential for companies to do anything for a dollar out of greed?

A: We’ve seen plenty of examples of companies selling harmful products or swindling public investors or mistreating employees. It really boils down to the fact that capitalism only works under the guiding hand of morality. And the truths of moral law can only come from a higher authority. Our Biblical values as Christians act as a counterbalance to potentially greedy decisions that might have a negative impact on customers or investors.

I remember sitting through a business ethics class in my MBA program and some of the heated arguments that ensued because there was no basis for what “ethical” behavior was other than trying to do “good”, but what is “good” without God’s Word?

Jesus challenged the rich young ruler when he replied to him saying “Why do you call Me good? No one is good but One, that is, God.” (Mark 10:18) Jesus was probing to see if the young ruler understood the basis of good.

Without a clear moral standard, one person’s “good” can be another person’s “bad.” Without a clear moral standard, business would be “winner take all” at the expense of others. But we will all be held accountable. The knowledge of God’s law and the guidance of the Holy Spirit helps Christian entrepreneurs and business leaders make good choices to maximize business outcomes, while maintaining a good testimony in the marketplace by providing high-quality, value-added offerings, meaningful work opportunities for employees, and being good corporate citizens of a community.

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About Wade Myers

Wade has founded or co-founded, invested in, and been a director of over 25 companies and has completed 55 financing and M&A transactions. His previous work experience includes the Boston Consulting Group and Mobil Corporation. Wade also served as an Airborne Ranger in the US Army where he was a decorated veteran of the Gulf War. He is a Baker Scholar graduate of Harvard’s MBA program and is married with five children.

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