Finances have always been the core reason behind a business. If there are no funds or income there is no business. Making money is important. But how companies go about making and/or saving money isn't always in the best interest of anyone outside the the top tier.
So what's done? In a general basis, employees have their wages slashed or cut completely and therefore laid off, short-cuts are taken, ethics are ignored, and the company does better for another quarter or so until the process starts again. Globalization also happens, but for what might seem like the wrong reasons. It's cheaper to build or manufacture across seas. Wages are cheaper there too.
But what about the positives of the financial leg? It's okay to make money. As I said, it's the reasons businesses exist. I plan on working for a business some day and get paid well doing a job I've prepared for while in college. I am not bashing companies for making these decisions, money is money. However, the above paragraph is what happens when just the financial benefits are the only concern. Decisions that affect the environment, and societies that the company influences need to be considered in financial decisions. This would better round out the finance side, in my opinion. Businesses need to start shifting away from looking solely at the bottom line, as scary as that would and will be for nearly all business owners.
No comments:
Post a Comment