Development of Management Theory and Philosophy

From the link: http://en.wikipedia.org/wiki/Philosophy_of_business

Philosophy of  Business is not the same as Business Philosophy. Business Philosphy refers to the policies of a particular business, while philosphy of business refers to the origins and development of the practice of business.

Development of management theory and philosophy considers the fundamental principles that underlie the formation and operation of a business enterprise; the nature and purpose of a business, for example, is it primarily property or a social institution; its role in society; and the moral obligations that pertain to it. The subject is important to business and management, and is closely related to business ethics and political economy. It is influenced significantly by philosophy, ethics, and economic theory.