Journal Entry 12

What I found from the first 2 pages in the article "What's a Business For?" is that virtue and integrity are vital to an economy because without trust and loyalty, people won't want to work with you. In the article it reads: "Trust, too is fragile. Like a piece of china, once cracked it is never quite the same. And people's trust in business, and those who lead it, is today cracking. To many, it seems that executives no longer run their companies for the benefit of consumers, or even of their shareholders and employees, but for their personal ambition and financial gain." I really like that it added this in the article because it really does show that we all agree there needs to be a change in businesses. Too often do we believe that they don't truly care about their customers and only themselves. Virtue and integrity should be more focused on in a company and I believe things would then run smoother.

According to Charles Handy, the real justification for the existence of businesses is when you're able to make a profit so that the business can do something more or better and what they do with it is what the real justification is.

2 solutions proposed by Handy that I agree with would be when he says "The purpose of a business, in other words, is not to make a profit, full stop." And also when he says "We need to eat to live; food is a necessary condition of life. But if we lived mainly to eat, making food a sufficient or sole purpose of life, we would become gross." I liked the first solution because there is more to a business than just making profit even though that is also important. I liked the second solution because there is a reason we do things how we do them and why we live with not just one sole purpose but multiple.