Finals Flashcards
What are the reasons to do business beyond profit?
- Profit is an output, not a purpose
- Companies with a purpose beyond profit tend to make more money
- Business needs Purpose than Profit to Make It Through
- What is the purpose of doing business if it is not being profitable?
- Business with a strong sense of
purpose are more successful
Profit cannot be the goal, vision, or the purpose of an organization.
- Profit is an output, not a purpose
Profit is too temporary to guide a business by.
- Profit is an output, not a purpose
source of long-term success
Satisfied Customers
Because satisfied customers are the only source of long-term success, measures need to be related to purpose as defined from a customer point of view.
- Companies with a purpose beyond profit tend to make more money
Many corporate and business strategies now include…
Sustainability
Many corporate and business strategies now include sustainability. In addition to the traditional environmental ‘green’ sustainability concerns, business ethics practices have expanded to include social sustainability.
- Business needs Purpose than Profit to Make It Through
focuses on issues related to human capital in the business supply chain, such as worker’s rights, working conditions, child labor, and human trafficking.
Social Sustainability
Social Sustainability
- Business needs Purpose than Profit to Make It Through
Incorporation of these considerations is increasing, as consumers and procurement officials demand documentation of a business’ compliance with national and international initiatives, guidelines, and standards.
- Business needs Purpose than Profit to Make It Through
The starting point of great companies
Purpose
What are the four main types of purposes according to Nikos Mourkogiannis?
- Discovery
- Excellence
- Altruism
- Heroism
Mentions the four main types of purposes according to Nikos Mourkogiannis?
- What is the purpose of doing business if it is not being profitable?
The starting point of great companies is Purpose.
- What is the purpose of doing business if it is not being profitable?
has rooted in intuition that life is a kind of adventure.
Discovery
The starting point of great companies is Purpose.
- What is the purpose of doing business if it is not being profitable?
implies standards and purports the belief that excellent performance in our role in life represents the supreme good.
Excellence
a purpose built in serving its customers in a way that is beyond standard obligation.
Altruism
demonstrates achievement, often with a charismatic and visionary leader.
Heroism
Discovery, Excellence, Altruism, Heroism
the four main types of purposes according to Nikos Mourkogiannis
- What is the purpose of doing business if it is not being profitable?
Stand for something beyond simply increasing profits.
- Business with a strong sense of purpose are more successful
A true vision for a business rests on what?
foundations of both purpose and values.
A true vision for a business rests on foundations of both purpose and values
- Business with a strong sense of purpose are more successful
The people within the business have to be passionate about what they do and why they do it.
- Business with a strong sense of purpose are more successful
The business goals must then align with this foundation.
- Business with a strong sense of purpose are more successful
Most Filipinos are connected together with their…?
beliefs, culture, tradition, characters, traits and common values
are first taught at home and are adapted and implemented in the society
Values
plays a vital role on the way we live, decide, choose and interprets our daily activities in life
Values
denote the degree of importance of something or action
Values
it aims in determining what actions are best to do or what way is best to live, or to describe the significance of different actions.
Values
refer to the set of values that are significant and inclined with one’s culture
Filipino Values
preserves social harmony that promotes connection, unity and may understand set of people
Filipino Values
includes the inimitable collection of dependable philosophies, moral codes, ethical practices, etiquette, cultural and personal values encouraged by the family or the society they belong.
Filipino Values
The management and sustainability of the business depends in what?
on the values and beliefs of the proprietor
What do Filipino entrepreneurs do in terms of values?
They may implement rules, practices and principles based on their values they had grown up with their family, learnt and adapted.
What are The Most Popular Filipino Values that Influence Business Practices?
- Pakikisama
- Hospitality
- Family Orientation
- Joy and Humor
- Ability to Survive
- Hard work and Industriousness
- Flexibility, Adaptability and Creativity
- Utang na Loob
- Filial Piety
- Padrino
- Suki
- Bahala Na
- Mañana
- Amor Propio
comes from the word “sama” and prefix “paki”, and literally means to accompany someone.
Pakikisama