“Innovation and Business Ethics”

Former Basketball player/coach, Peter Boettke, now a proffessor at George Mason University(GMU), combined his economical knowledge, creative intellect, and good ethics to arrange the Universities Basketball team. The University had no funds to recruit top basketball talent, and therefore had to spark a new innovative strategy if there was going to be a GMU team.  

GMU recruited players no one else wanted; those deemed too fat or too short. With the conventions of society today, by unconscious thought you may laugh and think that this team would not have gone far. This team of black horses came close to winning basketball’s biggest crown! Boettke played the game fairly, taking ethical actions – he did not cheat his way to get money or make sneaky loopholes in the rules (as did RyanAir) to get the best players; yet he still stepped outside the conventions and ended up with a very successful team. 

With a rational strategy in mind Boettke chose players that were highly motivated, thinking that their motivation and readiness to work hard would ignite a flame that would reach great heights. “There is one and only one social responsibility of business–to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game,” this applauds Boettke’s actions. You can be a good citizen, and excell in business!!!

 http://topics.pe.com/article/07q2a9x7zhfvIq=Virginia
http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
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