Doing Virtuous Business: The Remarkable Success of Spiritual Enterprise - eBook
Long tiresome read
I was rather excited to read this book as I had started dabbling in a little bit of business as a Mary Kay Consultant. As I jumped into this book, I had expected a book that would help grow a business and have Biblical truth in governing the affairs of my business. It was a bit of a tiresome book to read, and at most, I got a few basic principles out of it. I was however surprised at how the author utilized a number of different religions. It seems for Malloch, author of Doing Virtuous Business, being a Christian is a rather vague term. He uses a variety of religious and non religious people and examples to prove or to explain a point. I would have rather have Biblical facts and values and then examples, but the way he came up with his points was somewhat sporadic and based on what people have done or said.
However from a non biblical point of view, sure I'd say that this book was alright. It had great ideas on having a business that strives for being great and good and not just merely money hungry.
Ultimately It was just not my cup of tea. I felt like it was really hard to read, and really felt like I could have read the Bible and get more out of the bible in dealing with my business than by reading this book.
Disclosure: I received a free review copy of this book from Booksneeze in order to share my honest opinions.
November 19, 2012
Doing Virtuous Business
Contained within the pages of this book are treasure troves of wisdom focusing on the benefits of spiritual capital in doing business. In each chapter, different companies are analyzed to find out what made them as successful as they are or to identify where the business went wrong and brought disaster upon itself. This book does much more than simply state the need for business ethicsÃ¢ÂÂit spells out the benefits for virtues such as faith, hope, and charity and what can happen to businesses (or people) who lack the qualities that invoke trust from others. Other characteristics that must be cultivated are leadership, courage, patience, perseverance, discipline, as well as the softer virtues of justice, forgiveness, compassion, humility, and gratitude.
I would recommend this book to everyone who interacts with other people in their line of work (which would be just about everybody). ThereÃ¢ÂÂs a saying, Ã¢ÂÂthose who donÃ¢ÂÂt learn from history are destined to repeat it.Ã¢ÂÂ Reading this book will help the reader learn from the CEOs who made wise choices and avoid the mistakes of those who went down the wrong path. In the back of the book is a lengthy appendix of businesses who have done the right thing, including the likes of Chick-Fil-A, IBM, Habitat for Humanity, Wal-Mart, and others. After reading this book, IÃ¢ÂÂm more likely to give my business to a company that possesses and practices the spiritual capital discussed in the pages of this book. I think you will too, after you give it a read.
Disclosure: I received a complimentary copy of Doing Virtuous Business through Book Sneeze, in exchange for my honest review.
October 9, 2011
Striving for virtue leads to profit as well
WeÃ¢ÂÂve all heard the idea that business is about being greedy, exploiting workers, and destroying the environment. Well, Theodore Roosevelt Malloch, Yale researcher, disagrees.
He has written Doing Virtuous Business: The Remarkable Success of Spiritual Enterprise to show that successful business depends on a civilizationÃ¢ÂÂs Ã¢ÂÂspiritual capitalÃ¢ÂÂ, the sum of values and ideas, derived from religion, that defines a peopleÃ¢ÂÂs conscience and behaviour. Although immoral companies can succeed for a while, companies and business people that embrace virtue tend to do better in the long run. None of this is theoretical, because Ã¢ÂÂÃ¢ÂÂ¦in business you Ã¢ÂÂ¦ are thrust into moral relation with others in ways that require a far more robust and serious morality than is needed to survive in some cushioned state bureaucracy or in a comfortable academic chair.Ã¢ÂÂ
Malloch presents and defends his ideas in 6 meaty chapters, frequently citing examples of companies and businessmen.
First he defines spiritual capital, explaining both what it is and what it isnÃ¢ÂÂt.
Then he discusses virtue, what it means, what it is, and how itÃ¢ÂÂs expressed.
Spiritual entrepreneurship, based on faith, hope, and charity, is fundamental to meeting the challenges of the new global economy.
The Ã¢ÂÂhardÃ¢ÂÂ virtues (leadership, courage, patience, perseverance, and discipline) obviously benefit business.
WhatÃ¢ÂÂs surprising is that the Ã¢ÂÂsoftÃ¢ÂÂ virtues (justice, forgiveness, compassion, humility, and gratitude) also increase business success.
Finally Malloch outlines and answers criticisms from the cynic, the Christian, and the pragmatist.
In conclusion he states that although occasionally Ã¢ÂÂthere is a short-term cost to doing business virtuously in the global economy, there is also a significant long-term benefit, both personal and commercial.
It is important to note that the essence of spiritual capital, and the virtue that results from it, is not that it benefits business. Rather its essence is the deep faith commitment that leads a person or company to strive for goodness rather than only profit; surprisingly such companies often do better than those that strive only for profit. Though Malloch is Christian, he emphasizes that all religious traditions generate spiritual capital.
While I wonder about some of the Ã¢ÂÂvirtuousÃ¢ÂÂ companies Malloch lists, I appreciate learning about the concept of spiritual capital. I found this book difficult and time consuming because it is so full of ideas that are new to me, especially in the fields of business and philosophy. In fact, an occasional paragraph could leave me pondering for a few weeks. On the other hand, it was an illuminating glimpse into a very important part of our world and has left me better equipped to understand our society.
While this book is written for adults, understanding the concept and value of spiritual capital and the resultant virtues can be important for young people as well. If your homeschooled student is interested in business, politics, or philosophy, this would be a very helpful book.
Disclosure I received a free review copy of this book from Booksneeze in order to share my honest opinions.
October 11, 2011
I like this book
I am interested in Christian entrepreneurship, and this book was great for me to understand how Christians should think about business.
Some Christians say that business cannot go along with faith, others tend to put away their faith when doing a business.
My best quote from the book:
"This book has not been about the pursuit of wealth but the obtaining of it. ... Christ's image of the camel and the needle's eye reminds us that to enter the kingdom of heaven we must die, and that when we die we leave our riches behind. The image, so chilling at first, is in fact a reminder of a truth that we must all bear in mind: the place of wealth is here below, and it is how we use it that matters in the eyes of God."
The writer talks about virtues that are needed in Christian business:
The most important components in spiritual entrepreneurship is faith, and then there is hope and charity.
hard virtues: leadership, courage, patience, perseverance, discipline
soft virtues: justice, forgiveness, compassion, humility, gratitude
I liked the stories in the book about business men who did their business using their virtues and succeeded in a spiritual and (not always) earthly way and about people whose only goal was success and wealth and finally could not use their wealth properly.
September 14, 2011