Week 11 Journal Entry
Becoming
This week I read an article by Charles Handy, “What’s a
Business for?” Harvard Review. I have read the article 3 times and I am slowly
understanding what the article is about. I am supposed to answer three
questions about the article, and I am not sure I can. I do not know if I am on
overload from school or if my brain is on vacation. I will give this my best
attempt, but, please do not judge me from my responses. I am tired, it is the
end of the semester and I need to begin preparations for finals.
Why are virtue and integrity so vital to an economy?
At first glance this is an easy question to answer, however,
there is more to it than honesty. Mr. Handy stated, “Markets rely on rules and
laws, but those rules and laws in turn depend on truth and trust. Conceal truth
or erode trust, and the game becomes so unreliable that no one will want to
play. The markets will empty and share prices will collapse…” Integrity and
virtue are hard to come by in today’s society, it is necessary in order for
businesses to succeed and markets to grow.
What is the real justifications for the existence of
business?
“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.”
Two solutions proposed by Handy that you agree with? Why?
“Business needs to take the lead in areas such as
environmental and social sustainability instead of forever letting itself be
pushed onto the defensive.” I find this statement interesting, on one hand how
can they take the lead when in most cases they are unaware of the issue and on
the other hand most changes are forced upon them before they have an
opportunity to create a solution to the issue.
“If the contemporary business, with its foundation of human
assets, is to survive, it will have to find better ways to protect people from
the demands of the jobs it gives them. Neglecting the environment may drive
away customers, but neglecting people’s lives may drive away key members of the
workforce. Here, again, it would help for companies to see themselves as
communities whose members have individual needs as well as individual skills
and talents. They are not anonymous human resources.
More corporate democracy and better corporate behavior will
go a long way to improve the current business culture in the eyes of the
public, but unless these changes are accompanied by a new vision of the purpose
of business, they will be seen as mere palliatives. It is time to raise our
sights above the purely pragmatic.”
I am not sure I agree with this, there has to be integrity
on both sides. When did it become corporates responsibility to solve employee’s
problems? An individual joins a company knowing what is expected of them, when
they decide to change the situation, for example, by having a child, why should
the corporation make all of the changes for the employee such as accommodating them
for months of paid leave?
I realize I was supposed to find two things I agreed with
Charles Handy, I found that a challenge to do. I am not sure I agree with his
analysis. Is there greed in the corporate world? Yes! Is the corporate world
the enemy? That is a good question, I do not believe it is, there are many that
are unethical, however, there are more that create great things and do a lot
good in the world.
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