What's a Business For?

This was a good week of learning about businesses and how we can grow them. I liked how the videos and readings this week talked about how we can make a change in the world. I loved the talk "Are We Not All Beggars?" By Elder Holland that talks about how are all beggars which means we are all equal in God's eyes and we need to treat others better. We need to treat others the same way we would want to be treated. I thought that it was cool that Sarah Endline started her own candy company. It was inspiring to watch her story and to see how she got to where she is today. I also loved to see a woman entrepreneur to help inspire me. 

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

Virtue and integrity are important because otherwise, you could run the risk of major business problems. People need to care what they do and say when they feel like no one is watching them. We need to be able to trust others in this economy who know what they are doing and can be trustworthy to do the right thing.

• 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?

I agree with his thoughts on virtue and integrity. Those are two important characteristics to have in anyone but especially in a business sense.