Based on what you read in the first two pages (pages 3 and 4), why are virtue and integrity so vital to an economy?
In the article, “What’s a Business For” by Charles Handy, he states, “Trust, too, is fragile. Like a piece of china, once cracked it is never quite the same. And people’s trust in business, and those who lead it, is today cracking.” There are many businesses that are not honest and trustworthy but they try to say they are. Charles Handy touches on the dishonesty of governments and the fact that they aren’t associated with honesty. When the government isn’t honest, some think why should I be honest? There are many times when the lies are exposed and it can be detrimental to a company. So while being honest and virtuous may be a more difficult and slower process, in the end it is so much better for the company and the consumer.
According to Charles Handy, what is the “real justification” for the existence of businesses?
“The purpose of a business, in other words, is not to make a profit, full stop. 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.”
What are two solutions proposed by Handy that you agree with? Why?
Charles Handy states that businesses need to take the lead in a variety of areas instead of waiting for the government to impose laws. The most important solution he provides is the importance of individual and environmental well-being. He explains that companies need to allow their employees to have a healthy work/life balance in their lives. When your company has happy employees, it makes it easier for the employees to work harder and be more effective. This also ties back to honesty. Being honest with your employees and your expectations will help them to trust you and gain loyalty from them.
No comments:
Post a Comment