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Discussion Questions

by Foundation for Economic Education

1. First, let’s define two of the terms introduced in the video. What is the difference between a shareholder and a stakeholder in a business?

2. Do you think the only purpose of business is to maximize profits for the shareholders?

3. Who are the stakeholders of a business?

EoE: 2.4.A - What is the Purpose of Business?

Darden School of Business Professor R. Edward Freeman hosts a conversation with John Mackey, Co-Founder & Co-CEO of Whole Foods Market, on topics such as the purpose of business, the importance of creating value for customers and stakeholders, and the reasons people start businesses. This video is included as part of a 40-lesson course on the Economics of Entrepreneurship available now for teachers and students at no charge at

from 2.4A What is the Purpose of Business - John Mackey of Whole Foods Market (2016)
Creator: Institute for Corporate Ethics
Posted by Foundation for Economic Education