In fact, the lack of ethical grounding in business — ordinary “do right” kind of stuff — is of grave concern. That said, there is nothing wrong with making money, though these days here in the states at least, the impulse to demonize capitalism is deeply disturbing – we are getting into taking people’s property and legally won wealth in the name of fairness, dictated by government. Not a good thing at all.

Here’s a thoughtful but depressing read…
http://news.yahoo.com/s/csm/20090921/cm_csm/yrollert

Thanks for commenting!

‘…a company’s only logical responsibility is to its owners.’ That implies an organisation exists in the here and now and tomorrow doesn’t exist. I should think we all know that organisations exist with the permission of their stakeholders – customers, communities in which they exist, government etc.

If an organisation isn’t responsible to this diversity of stakeholders – and this includes anticipating and adressing these needs (i.e. evolving the organisation) – then at some point or another – it might be next year, it could be ten years down the track – then that organisation is going to cease achieving its business objectives and, potentially, cease to exist full stop.

Additionally, as businesses run the world not governments (despite the latter thinking they are playing catch up due to the GFC opportunity they have been given) then they must recognise their vitally important role in shaping society and the environment and look outside their immediate profit/shareholder-driven remit. Not to do so is fundamentally immoral.