Philosophy is under some duress as an academic discipline, but it has become more outward looking, and industry is more conscious of its social responsibilities. It is unrealistic for philosophers to lay down rules of conduct for industry, which should extract such rules from its own traditions. Business excellence begins with ethics, not profits. Government regulation is the price business pays for a bad ethical strategy.
Business has an undeserved bad image in the media.
It is not about survival of the fittest, but it has a moral role in society. The market system depends on a moral base, and there needs to be a strong individual morality for business to survive. It is difficult for the Church to supply this, since there are conflicts between capitalism and Christianity. Although moral teaching does not feature highly in corporate training, Philosophy and the Humanities could play a role here, provided they are adequately resourced. Philosophy is of value since it helps economic man to rise above specific tasks to a general view.