A business purpose statement serves as an affirmative reminder of the company's core identity to employees, customers, and other stakeholders; a common ground hopefully enabling them to focus on their particular tasks while feeling what they do is part of a wider, socially valued endeavor.
[1][2][3][4] Alongside established normative, purpose is a fundamental component of business ethics and is closely related to corporate statements such as vision, mission, and values.
[10] Other classic philosophers cited for dealing with matters relevant to the purpose of business are Kierkegaard, David Hume, and Nietzsche.
Early modern discussion on business purpose doctrine took place in mid-20th century in the context of its relevance to tax-saving provisions in the US Internal Revenue Code.
[12] In 1964, American businessman Frederick Kappel published a volume containing a selection from his speeches dealing with the theme and its relation to performance.