W12: Entrepeneurial Journal

W12: Entrepeneurial Journal 

Also, after reading “What’s a Business For?” answer the following questions in your journal writing in ADDITION to your normal writing for this week.

§  Based on what you read in the first two pages (pages 3 and 4), why are virtue and integrity so vital to an economy?

The market relies on rules and laws depending on truth and trust and if we don’t have it than the market will collapse. Virtue provides a way for the savings of society to be used for the creation of wealth.

§  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. Owners know this. Investors needn’t care

§  What are two solutions proposed by Handy that you agree with? Why?

1.    Associate myself with a charitable organization, the pursuit of a cause does not have to be the prerogative of charities and the not-for-profit sector. Nor does a mission to improve the world make business into a social agency.

~I would like my company to be associated with a charitable organization because it publicly helps the company look good and that we do get involved with our community.

2.    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.

~the world is changing dramatically, keeping ideas and new visions open to all in the company will help the company have happy employees and help employees want to work for you.