Published online by Cambridge University Press: 23 January 2015
This commentary offers some preliminary reflections on William C. Frederick’s thought provoking effort toward developing a theory of business values. These reflections are preliminary in that they are based on the conceptual framework or infrastructure outlined in the preceding issue of this journal (July, 1992, pp. 283-303), rather than on the comprehensive version of the theory. Consequently some thoughts may be irrelevant, even inaccurate in the context of the more complete version of the theory.