In the article when ‘faced with progressive business stay skeptical’, the author considers the historical perspective on business and the responsibilities of those on top, how perspectives changed with a change in demographics and how influential experts pushed the public to a certain way of thinking. The article points to the book, ‘The American Business creed’, as an early example of attempts to classify the different perspectives on the role of business leaders. There were two classifications in the creed one was the classical which was more individualistic and relied on greed, and the other was the managerial which saw business leadership as more of a position of stewardship. I think its important that the author point out how different times led to different circumstances as the populations bargaining power changes.
https://aeon.co/ideas/when-faced-with-so-called-progressive-business-stay-skeptical
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Many feel disenfranchised because of globalisation and the efficiencies it brings, efficiencies which often mean unemployment for a workforce that is deemed replaceable. However, it is not only job threatened employees who are affected by the flexibility of globalised production and distribution systems. All across society, except for maybe the primary beneficiaries of this system, find their bargaining power diminished. Industrial Countries must compete with tax heavens for capital generated within their borders, labour as mentioned earlier will need to either be cut or operate with reduced real wages, and even shelter is speculated on by multinationals who may never live in it.
In all this the individual feels powerless, even those in supposed positions of power feel like they can not control the machines they help prop up. To a world where competition has led to such developments the only clear solution is to compete, but with good intentions. Social entrepreneurship is about having a voice in an increasingly noisy global marketplace; to impose one’s ethics on the soulless business world. |
AuthorAbreham Jember, your classmate or someone that took this course at some point, depending on when you're reading this. Archives
November 2022
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