Friday, September 2, 2011
Why should businesses worry about future generations?
When we think of business we usually think of product, innovation, profits, bottom-line. We think of customers, owners and workers and how each needs to benefit from the transaction. So where do future generations fit in to a business plan? If entrepreneurs don't consider the impact of their business plan on future generations, they may not have a business twenty years down the road. They may not have workers qualified to maintain the business if no one has invested in education. We are seeing this problem all over the U.S. right now. U.S. schools have not educated young people to meet the demands of the work place. Some believe it's because schools don't teach what kids will need to know as adults. Some believe it's because k-12 education and early childcare is under-funded, and teachers are too often under qualified or under paid for their critical jobs as role models and leaders for young people. What's your take on this crisis? Have too many businesses run away with profits, some of which should have been invested in education? If we don't invest in people, then what (if not who) are we creating value for?
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