What’s a Business For? Was a great informative article that emphasizes virtue and integrity and the vital role in the economy and according to the author Charles Handy, he compares trust with fragile china that one’s cracked is never the same. He brings his comparison to a business and the trust people put in a business and those who lead it. Because we do business with companies to cover a need and both the company and the customer get the benefit, but now the benefit has been shifted to only the shareholders and not even the employees. But greed has taken over and according to the article there has been a report “that CEOS in America earn more than 400 times the wages of the lowest-paid workers”. With this evidence then integrity and virtue are vital to have the customer's trust and so far we don’t have that and the little we do is getting extinct.
According to Handy the real justification for the existence of business is “to make a profit so that the business can do something more or better”. My understanding is that business is created to the common benefit from the owner to the employee and to the customer and together, but it is stated that investors don’t care about this common help, because they only want to help themselves from someone else work and effort.
Handy proposed for companies to be created by a “wealth-creating community” rather than employees and have decisions by that community and no one, rely on the talents and teamwork. Another solution is “dividends be paid to those who contribute their skills and well as to those who have contributed their money”. I strongly agree with these two solutions the first one because if companies foment the sense of community and teamwork then the decisions to move forward will all come from that community that is living those challenges and looking for the best solution. The second solution is to spread the wealth evenly with everyone and for me, this is a great way to recover the trust from the consumers and this shows the company’s integrity.
This week I had the opportunity to listen Randy Pausch Last Lecture and he mentions about when he was little his family went to Disneyland and he had this dream to create things like that. But what I think help him to achieved those dreams are his parents that didn’t stop him for dreaming. The video mentions that his parents let him write in the walls mathematical formulas and those are still on the walls until this day. He asked all the parents a special favor that is their kids want to paint their room, please let them. This request could have come pretty handy if my parents would have listened to this request earlier. One summer me and my sisters wanted to paint our room in pastel colors and my parents didn’t let us and the following summer my parents went on a business trip and we painted our room by the time they came back, there is a saying that said “Is better to ask for forgiveness then ask for permission” and that is what we did. Going back to childhood dreams, I think those ...
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