As Lord Adebowale
Focusing upon the first of the two passages highlighted above, would you interpret the need "to change the way we talk about business" to also include how the teaching and learning of business topics in academic programs should be addressed? If so, in your judgment, what means or "stories" would most effectively illustrate the concept of "responsible capitalism" in such programs?
As Lord Adebowale, CEO of charity Turning Point, puts it: “We don’t hear much about good business these days. The common perception is that commerce is shafting local communities. We all know what bad business looks like: unscrupulous actions offering little local investment and causing widespread unemployment, while services are cut and businesses take advantage.
Good business creates a balance between making profit and making society better. Good business might, for instance, take the form of social enterprise, which ensures positive outcomes for society as well as for shareholders.
It isn’t that business should not make money, but it’s how they make money that is critical … Responsible capitalism is not an ideal – it can be a reality, where everyone benefits, not just the privileged few.”
Mr. Adebowale clearly indicates the problem. Our common perception of business is that it brings destruction to the community. We don’t speak of good business. Many know what capitalism is, but only few have heard of responsible capitalism, which brings prosperity not only to the owners of the business, but also to the community. This perception hinders the progress of many newly founding companies. This perception takes its roots in lack of propped education. I think that “to change the way we talk about business” not only can be interpreted to include the ways business is being taught in academia, but also it should be interpreted as such. The problem with modern academic programs is that the students are shown numerous ways of making money, but there is a lack of institutions which also teach the
As Lord Adebowale, CEO of charity Turning Point, puts it: “We don’t hear much about good business these days. The common perception is that commerce is shafting local communities. We all know what bad business looks like: unscrupulous actions offering little local investment and causing widespread unemployment, while services are cut and businesses take advantage.
Good business creates a balance between making profit and making society better. Good business might, for instance, take the form of social enterprise, which ensures positive outcomes for society as well as for shareholders.
It isn’t that business should not make money, but it’s how they make money that is critical … Responsible capitalism is not an ideal – it can be a reality, where everyone benefits, not just the privileged few.”
Mr. Adebowale clearly indicates the problem. Our common perception of business is that it brings destruction to the community. We don’t speak of good business. Many know what capitalism is, but only few have heard of responsible capitalism, which brings prosperity not only to the owners of the business, but also to the community. This perception hinders the progress of many newly founding companies. This perception takes its roots in lack of propped education. I think that “to change the way we talk about business” not only can be interpreted to include the ways business is being taught in academia, but also it should be interpreted as such. The problem with modern academic programs is that the students are shown numerous ways of making money, but there is a lack of institutions which also teach the