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.
Dallin H. Oaks quoted this story about a father that told his son: “All that I have I desire to give you—not only my wealth but also my position and standing among men. That which I have I can easily give you, but that which I am you must obtain for yourself.” It will be easy to just expect everything that our Father in Heaven has for us handed with no effort. This week I interview a great example of entrepreneurship and she mentions that her daughters are anxiously waiting for her to pass the business to them and she said that she will never do that unless they are willing to work and learn from the bottom of the business up. Taylor Richards mention that after establishing his boat dealership they were invited to have this count down of the best dealerships in North America and the first time they ranked No. 11 and the second time No. 6, he said that he is a normal person with a great team. This teaches me that yes we want to become entrepreneurs but we need help along the way and ...
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