Sunday, May 15, 2011
Book Review - Doing Virtous Business
Critics of Capitalism view big businesses as insatiable masters of the universe with little regard for the public, and label those who create wealth as greedy, malicious, and unscrupulous. In this insightful and original book, Theodore Roosevelt Malloch answers these charges head-on with the bold idea that the creation of wealth by virtuous means is the most important thing we can do for ourselves and for others.
Doing Virtuous Business explains the true purpose of business and illuminates the connection between a free economy and religious liberty. Drawing from the notion of "social capital" that has been developed by generations of scholars, Malloch adds the concept of "spiritual capital" as a foundation for social progress and also a necessity for responsible and successful enterprise. He details the virtues that sustain a business and a free market -- virtues that are critical to the emerging global economy.
Malloch reveals that a company's soul determines its "spiritual capital," an equally imperative foundation to success. From Wal-Mart to IBM, Malloch demonstrates how companies that operate on ethical models informed by spiritual traditions have outperformed their competitors. This book is a welcome moral defense of free enterprise and a sensible guide for achieving the ideal of virtuous business.
My Take on the Book
It was seem to be against the capitalist approach to use virtue in business affairs, but the author in this book shows the reader many great examples of companies that are doing just that. While the author does mention that being virtuous is not easy, it does lead to many amazing results and provides the businesses with new was to be successful in an ever-changing world.
What I liked about this book was that the author has done a great job at sharing virtue through stories and down-to-earth examples so that anyone can follow along. He also uses a wide array of people and professions to pull his information. This both strengthens and solidifies the importance of using this information in your own professional capacity.
This is the type of book that I would like to share with many of the students that I work with so that can see (in practical terms) the importance of holding true to a high ethical code and having strong virtues and morals. One of the lines that will definitely stick with me is when the author mentions that doing good is just good business, boy is he right!
The book is definitely applicable to so many people in pretty much any professional capacity. I would highly recommend all people, whether currently working or not to read this and share it wit others, you will not be disappointed.
All opinions expressed in this review are my own and not influenced in any way by the company. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer or provider. Please refer to this site's Disclaimer for more information. I have been compensated or given a product free of charge, but that does not impact my views or opinions.
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