In 1970 the economist Milton Friedman suggested that there are no ethical obligations on companies other than to obey the law and to meet shareholders demands.
But in 1991 Pope John Paul II criticised Friedman and said that being in business is not just about making profit. Businesses are part of society as a whole and need to recognise they exist to serve all in society. Or to put it in modern terminology, businesses need to recognise that society as a whole is a stakeholder in the business and has an interest in the business. Which means businesses need to be mindful of all in society and their interests.
I’ve recently been awarded a Degree in Applied Theology. When I mentioned this to some people at church I got blank looks. So what is applied theology?
Put simply theology is talking and thinking about God. Applied theology could be described as talking and thinking about God in an everyday setting or in everyday situations. Including in business.
As part of my degree I looked at whether it is possible for businesses to operate ethically and to operate using Christian principles. I came to the conclusion that it is possible to operate businesses ethically using Christian principles – though whether many businesses choose to do so is another matter.
One organisation that many business people belong to actively encourages its members to behave ethically. And that organisation is Rotary.
In Swindon the Old Town Rotary club is best known for organising the Duck Race that takes place at the Bank Holiday in May. This event raises thousands of pounds for local charities each year.
Although Rotary is not a Christian organisation, I recognise within Rotary principles that are Christian. For example Rotary’s motto is “Service above self” which I interpret as putting others first before self interests.
Whilst Christians believe that to be a follower of Jesus is not just about doing good works, serving other people and loving our neighbours is still an important part of our faith. As Jesus frequently demonstrated through his healing the sick and caring for the poor.
I believe Christian values and principles can bring something important to businesses. Because Christian values ensure that the needs of all stakeholders connected to a business are recognised and valued through tried and tested moral principles.
Service above self - truly echoing Jesus’ teachings.
