Philosophy Essay the Value of Philosophy

The Value of Philosophy and the Point of Our Lives

Porters five forces analysis is a framework for industry analysis and business strategy development formed by Michael E. Porter of Harvard Business School in 1979. It draws upon industrial organization (IO) economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Attractiveness in this context refers to the overall industry profitability. An “unattractive” industry is one in which the combination of these five forces acts to drive down overall profitability. A very unattractive industry would be one approaching “pure competition”, in which available profits for all firms are driven to normal profit.

In Bertrand Russell’s “The Value of Philosophy”, he discusses what philosophy is and why it is important. He concludes that the value of philosophy is rooted in its very uncertainty. He maintains that all those questions that cannot be answered are a part of philosophical discussion, and questions with definite answers are a product of the physical sciences. When Russell is explaining in detail the value of philosophy he says, “These questions enlarge our conception of what is possible, enrich our intellectual