Week 12

When you do not trust the individuals who are in charge of running most of the big businesses why would you want to invest your money in those companies? With virtue and integrity in place you know those in charge will act with honor at all times; But when you lose faith in an entire way of “business practices” does this not undermined the very core of our economy? Why would you want to work for, support, shop or be a part of a business you regard as untrustworthy or unethical?

In the article it states, “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.” We are commanded to build up the kingdom of God.  When we are given the resources to do this, the “something more” starts happening.  The purpose of business should not just be the bottom line, it should also have a vision or a purpose for good.

Charles Hardy says, “Better and tougher regulation would help, as would a clearer separation of auditing from consulting. Corporate governance will now surely be taken more seriously by all concerned, with responsibilities more clearly defined, penalties spelled out, and watchdogs appointed. But these will be plasters on an open sore. They will not cure the disease that lies at the core of the business culture.”  These are just some steps to take but would not change the nature of the beast.

 The ideas he has for changes are some they are doing in Europe. (1) Those who work for a company have a voice or a say in how things might be run, instead of a dictatorship a democracy, and with this a change in the pay incentives.  I agree with both of these concepts.  When employees feel ownership, they are better and happier employees. You are the ones who are making this work or fail.  You are making a difference in something you are a part of.  (2) Turning the business from being just a business into a community instead.  When you feel you are vital, wanted and needed you feel that you belong.  We want those who are the most important part of a business to know they are valued and have a place.