Week 12




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

When there is no virtue or integrity no one wins. In an economy that is not honest things will go downhill fast and no one will be gaining from it. The exact opposite happens in an honest community. In the article it talks about how having great virtue in capital saves society and generates wealth.



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

The real justification for a business to make money is to use it to make the business even better in some way. The purpose of business is not to make a certain amount of money and then stop completely. One thing in the article that Charles mentions is that investors are not necessarily trying to help the company. Most of them do not care, they are only there for the money. As a business owner, you need to understand this real justification principle because your investors do not care.




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

One of the solutions that he has come up with that I agree with is paying the ones that contribute. These people are the people that you want to be around, the people that contribute their skills and even some of their own money, are the people that should be paid the most. For example, the people using their skills to complete the work and the investors that have invested in you. This will help you solve the solution of retaining good workers and investors.

The other problem that he fixes is building trust with your employees. I think he does this by measuring outcomes for others as well as ourselves. If we are honest with our own personal success and the success of others it will be easier to build a team that trusts you.

Word count: 330

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