What is Business For?

This week in my Entrepreneurial class we read “What’s a Business For?” by Charles Handy. This book was quite an interesting read. It talked about how cooperate scandals are on the rise and like the book title- what is a business for? We were asked to answer some questions to the dilemma that is in the article below: Based on what you read in the first two pages, why are virtue and integrity so vital to an economy? I feel that rules are not being followed these days. It seems like everyone that runs a big company, is in it for themselves. It seems that CEO’s are not being honest. They are taking for their gain and trust is not like it used to be. Having trust in business, especially peoples trust, will make the consumer trust in the company more. I feel if running a business, you have to have your employees trust first, then the consumer/public. If you are genuine and real, others will believe in your company and product. According to Charles Handy, what is the real justification for the existence of businesses? The purpose of a business, is not to make a profit. IT is to make a profit so that the business can do something more or better. “That something” becomes the real justification for the business. Owners know this and investors do not care. What are two solutions proposed by Handy that you agree with and Why? I agree that the behavior needs to change in the coporate behavior and have a new vision. Companies are built to accomplish what others can’t do separately. Contributions is a motivating force. Footprints need to be set and purpose in life needs to be redefined. Creative is the key, spreading technology and raising productivity makes things affordable for the public and keeps costs down. Doing good is the answer!