Doing Business Right -- The Leader's Way, Chapter 6

Doing business right means doing business with warm hearts--meaning thinking of others' feeling. Although profit is essential, money can't buy happiness. Companies which do business right will attract consumers, investors, and employees. After all, people want to be a part of something they can be proud of.

Negative Factors

The following are negative factors which contribute to corporate bad reputation:

• Leaders without humility (Flashy leaders tend to be self-interest and lead the company into great risks).
• Creative or fraudulent accounting
• Increasing disparity in compensation
• Exploited practices
• Marketing of harmful product
• Human right and environment violation
• Countries without good governance

Credible Corporation

• Promotes corporation citizenship: A corporate can be viewed as a member of the society. As a good citizen, it should practice right view and right conduct such as Corporate Social Responsibility (CSR) and Environmental Impact Assessment (EIA) programs.
• Accepts the honesty and success can go exist. The old business model is based on win or lose. There is no room for honesty. As people become more civilized, honesty has started to gain traction. An example is the magazine Ethisphere publishes the name of most ethical corporations in the world.

    "While good sciences and regulation approval are essential, they are not sufficient. We need to engage with society, understanding and responding to people's concern and expectation'' -- James Smith, Shell U.K.'s country chairman.

NGOs

NGO lives for general public, and discovers bad deeds that some companies try to hide. This is not the case for the companies with right conducts. They have got nothing to hide. Instead of trying to deny NGO, they can get help from NGO, since most people tend to believe NGOs more than the company. For example, if a company wants to open a factory in a certain country, it can ask NGO to study the possibilities, and cultural issues that might arise. 


Source: THE Leader's Way: Business, Buddhism and happiness in an interconnected world by His Holyiness The Dalai Lama and Laurens Van Den Muyzenberg, Chapter 6 [Read the Book Review] [Read the Next Part].
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Book or Audiobooks?

Personally, I prefer audiobooks. It's fun, and I can listen when I'm doing something else. It also makes other activities (e.g., jogging) a lot more fun. For more detail about audiobooks, please read [this post].

There is one more reason that may encourage you to go for the audiobook version. You can get it now for FREE. Audible offers you a free trial for 14 days. Even if you get the book and cancel the subscription right away (so that you don't have to pay), you can keep the book. And, don't worry if you lost the audiobook file. Just log into audible.com. You can keep downloading the over and over again.


About the summary: It takes time to finish up a book. And, when you do, sometimes, you want to review what you learn from the book. If you do not make notes as you read, you might have to go through the book once again. This can be time-consuming when you are dealing with a book. But you can still flip through the book and locate what you are looking for

However, when the material is an audiobook, it is extremely hard to locate a specific part of content. Most likely you will have to listen to the entire audiobook once again.

This book summary will help solve the pain of having to go through the book all over again.

I am leaving out the details of the books. Most books have interesting examples and case studies, not included here. Reading the original book would be much more entertaining and enlightening. If you like the summary, you may want to get the original from the source below.