Saturday, November 2, 2013

Entrepreneurial Journal Entry - Week 6

I like the emphasis this week’s studies had on ethics, both in the work place and in our personal lives.

There was a great article included this week written by Charles Handy, “What’s a Business For?” He starts out by showing how a lack of ethics and virtue can destroy the economy by destroying trust. Not that this sounds like anything new, but the way he teaches the details of it makes it very clear how vital ethics is for the success of not only our personal lives, but of the world as a whole.

He also goes into detail about how companies need to change their mentality of who owns the business. Right now, the stockholders seem to be viewed as the owner of not only the business by the employees as well. Handy realizes the need for the employees to be viewed as individuals with individual talents, skills and needs. They should also be given a portion of ownership in the company and allow them to have a say in how the business is run. This gives them a feeling of ownership and commitment to the company which will create a greater desire in them to work for the benefit of the company and not just themselves.

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