Business Philosophy Definition: Everything You Need to Know

The business philosophy definition is the set of principles and beliefs that a company is working toward to achieve success.

The business philosophy definition is the set of principles and beliefs that a company is working toward to achieve success.

Business Philosophy

A business philosophy may also be called the:



Company vision

Mission…

Philip Wright St James Ethics Centre in Sydney

Higher purpose

According to Philip Wright, who works with the St James Ethics Centre in Sydney, misaligning a mission statement with the ultimate purpose of a business is a common trap.

“Whenever I ask people about purpose they usually come back with a mission statement. But we’re looking for something higher than a mission statement. What is the higher purpose?”

A mission statement…

Looking for an innovation injection and a business boost? Philosophy can be transformational

In brief

    Philosophy is a discipline that helps us to make better sense of the world — including business

    Apply some critical scrutiny to your own beliefs and the values that underpin your business

    A mission statement is useful guiding slogan, but purpose speaks to the values that underlie it

Too often, business leaders dismiss philosophy…