W12 Reflection

Based on the "What's a Business For?" article from the W12 Study: Becoming a Change-Maker activity, respond to the following questions:

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

If I am understanding the article correctly, the reason virtue and integrity are so vital to the economy is because when an entrepreneur has integrity and virtue, they are more likely to look after their employees. When virtue and integrity are thrown out the window the entrepreneur only cares about their own personal success and wealth. In business if we have virtue and integrity, we have a desire to make a community with our employees were everyone can have financial growth and success. This desire to "spread virtue and integrity to everyone" has a rippling effect that trickles down through even the lower-level employees. This allows room for them to grow and progress in their jobs. When there is virtue and integrity, the wealth and resources in our country have a greater opportunity for production and consumption across the board. This allows for growth and progress for everyone and decreases the poor and needy when we look out for one another.

2. According to Charles Handy, what is the “real justification” for the existence of businesses?

According to Charles Handy the "real justification" for the existence of businesses is for the business to become profitable in a way that would allow the business to do something bigger and greater. It is not for personal gain but to make the world a better place.

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

The two solutions proposed by Handy that I agree with are:

1.     "A good business is a community with a purpose, and a community is not something to be “owned.”

I agree with this because I believe it is important to create a community within the walls of a business. This allows everyone to feel valued and needed. We all desire to know that what we do makes a difference in the world and that what we are doing every day is being noticed. Creating a community in the workplace helps everyone feel included. This also allows the employee to have a good balance between life and work.

2.     "We should, as charitable organizations do, measure success in terms of outcomes for others as well as for ourselves."

I also agree with this because when look to be a charitable company we are bringing good and love to those around us. A company may choose to be charitable by helping local veterans get back on their feet when returning home. Also, donating some of the proceeds to a water source that brings fresh water to areas that do not have access to it. It is good to be charitable and find ways to help the environment by cleaning up in our communities and neighborhoods.



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