W12 What's a Business For?

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

It is important that we have constant virtue and integrity in the economy so that there is balance. Obviously there are ups and downs as well as small moments of stability in the economy but if virtue and integrity is absent it will create an unhealthy economy.

"Trust, too, is fragile. Like a piece of china, once cracked it is never quite the same."

I like this quote from the review because it makes a valid point. Our society and communities inside of that society relies upon reliable sources for many reasons. If integrity is lacking from within the economy it creates cracks inside our piece of china or in other words the economy.

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

"It is to make a profit so that the business can do something more or better."

Businesses are fueled by innovation and elevating the place in which we live. Businesses who have a lack of justification will ultimately lose their life in the business market.

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

    Better corporate behavior and a new vision of the purpose of business

Better corporate behavior will support the health of our markets and establish more integrity for the long term.

A new vision of the purpose of business will as mentioned above help companies remain healthy inside of their personal business markets while establishing better longevity.