Building Strong Business Foundations
"Taking a Personal Interest in Your Business Success"
Culture of Humanity vs Culture of Short Term Profit
- Conscious Capitalism -
Which one do you want to be part of to build and grow?
A culture of humanity places emphasis is on making decisions that not only advance the well-being of today, but ensure long-term prosperity for all stakeholders which will create an enduring business. Cultures of Humanity will make a profit and will profit over the long term.
When stakeholders come together to help create a new company or buildup an exiting company and believe it will be good, all stakeholders will put all of their collective efforts into that company; stakeholders will want it too succeed. Stakeholders include employees, their families, vendors and customers, and community and government. A culture of profit focuses on the short-term, (i.e. this quarter, this week, right now...) at the expense of the future, transactionally focused organizations do not prosper or survive the long term.
Why create a short term focused business; why would anyone waste a great future potential for short-term gain? When the focus of ownership or management is seen as short-term and transactional the true stakeholders will know they have been forgotten. A culture of profit doesn't value the stakeholder relationships, and as a result decisions only account for what leads to short term financial gain, at the expense of trust and goodwill. Disregard for stakeholder relationships leads to a corrosion of the very foundation of the business.
Which culture are you creating or working in? To better understand your company's culture, ask yourself the following questions:
While it seems simple to pick an organization built for the long run; it is easy to loose focus and pick a culture that is solely focused on short term financial results. Unfortunately a shiny object may detract us from our goals