Week 12: Becoming a Changemaker
Things I learned: This week I read an article titled What's a business for , by Charles Handy. It was interesting to see the amount of distrust that existed against the executives at corporations. According to a study, 43% of Americans believe that senior level executives are in it for themselves, while in Britain that jumps to 95%. As a result of this amount of distrust that exists against these corporations, many people are hesitant to invest in these companies, because they do not believe they are out to help society. This will in turn lead to a decrease in the production that these companies will be able to have, causing a deadweight loss to society. It is important in business to constantly show that you have the consumers best interest in mind. As you constantly try to be honest and have integrity in business, it will allow for people to gain more trust in the business, and allow you to be more successful. People are reluctant to buy from a business they don't trust. Acc...