Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Wednesday, September 12, 2007

Good Samaritans in Business

The September 3, 2007 issue of Forbes Magazine has a great little article on the Good Samaritan, and what it means for the rich businessman in today's world. Check it out below:

One of the New Testament's key texts is about the good Samaritan, and its lessons can be applied to business and businessmen. In telling this tale Jesus had two objectives. The first was to condemn sectarianism. At the time, Jews were taught to regard Samaritans as heretics and enemies, but Jesus showed the Samaritan behaving better than the Jewish priest and the learned and pious Levite. The second and more important objective was to stress the importance of charity. Here was an innocent victim of thieves, robbed and left half dead by the roadside. The priest and Levite "passed by on the other side." But the Samaritan stopped, "bound up his wounds," put the injured man on his donkey and took him to an inn. There the Samaritan paid for the care of the poor man and told the owner of the inn to look after him until he was better and "whatsoever thou spendest more, when I come again, I will repay thee."

Prime Minister Margaret Thatcher quoted this text often while in office. She thought it a first-class example of practical compassion in action. The Samaritan was a businessman--a merchant, a commercial traveler--who regularly traveled a certain route and knew the inns and their owners along the way. When he found the man in distress, he acted immediately. He didn't go around making speeches, setting up a fund and using the clichés of the aid industry. He simply tended to the man, pulled out his purse and left him in good hands, personally financing any other assistance that might prove necessary. Mrs. Thatcher cited this as the best way to help an unfortunate neighbor--direct, person to person, with no bureaucracy, no elaborate rules.

But there was another point to which Mrs. Thatcher always drew attention--the reason the Samaritan was able to render such aid. He was a man of substance, a successful businessman who plied his trade industriously, lived within his income and was therefore able to provide money without hesitation when it was needed. There is, she added, a lot to be said for a society that allows people to accumulate wealth so they are able to spend it charitably.

All very well, you may say, but what about the other biblical text in which Jesus says: "It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God"? This harsh analogy "amazed" the disciples and led them to ask: "Who then can be saved?" The answer concerns not the accumulation of wealth but its disposition. It serves as a warning to the person still encumbered by his riches when he seeks entry to heaven.

Andrew Carnegie, one of the greatest of American entrepreneurs, took this particular text to heart and lived by it. He was a child immigrant, the son of a penniless Scots hand-loom weaver. Carnegie made one of the greatest fortunes in history by discovering how to produce high-quality steel cheaply--thus enormously benefiting society, as well as himself. But as he grew richer, Carnegie reflected deeply on the morality of becoming and remaining rich. He set out his conclusions in a remarkable essay that came to be known as "The Gospel of Wealth" and was published in the North American Review in June 1889. In it Carnegie argued that the honest accumulation of wealth was morally permissible, especially if in the process the interests of the public were served. What was wrong was to hang on to the wealth. He concluded: "[The] man who dies rich dies disgraced."

By the time Carnegie died in his sleep at age 83, he had given away almost all that he possessed. The canny old Scots-American had acquired his money in a businesslike fashion. And it's clear he gave it away in the same manner--and while he was still around to supervise the process (an important point).

A Better Way

More has been given in the last half-century than in all the previous ages put together. But most of it has been through transactions between governments. Immense sums have simply been transferred from one public treasury to another, with all the decisions regarding the funds--on the part of both donor and recipient--made by politicians and civil servants. The whole process takes place within a context of politics, not business, and correspondingly has been inefficient and wasteful. The big international aid organizations, though less politicized and therefore more effective, are still bedeviled by bureaucracy.

What is common to both kinds of donor, whether they're government-financed through taxes or big charities that raise their income worldwide, is that none of those making the decisions are spending their own money. It is a fundamental fact of human nature that someone who opens his own purse to give to those in need is likely to take a close interest in the ways in which and how effectively the money is spent. As a result, it is more likely to be spent wisely.

Many of the vast government aid schemes have done more harm than good, and despite all the money spent there is as much poverty and distress today as there ever has been. However, there is one consoling factor: More money is being made by the efforts of individuals than ever before. And in the U.S., where the number of such private fortunes is greatest, the culture of personal charity is stronger than ever. The parable of the Good Samaritan is remembered and heeded. The example of Andrew Carnegie is understood and followed.

We should rejoice that we have a system that allows men and women to accumulate riches--one that produces so many who voluntarily use the fruits of their industry and acumen to benefit the unfortunate. They do not, in their thousands--indeed, in their millions--"pass by on the other side."

by Paul Johnson, eminent British historian and author for Forbes Magazine.

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Monday, June 25, 2007

Business Lessons from the 'Wife of Noble Character'


The final passage of Proverbs describes this "Wife of Noble Character":
Proverbs 31:10
A wife of noble character who can find? She is worth far more than rubies. 11 Her husband has full confidence in her and lacks nothing of value. 12 She brings him good, not harm, all the days of her life. 13 She selects wool and flax and works with eager hands. 14 She is like the merchant ships, bringing her food from afar. 15 She gets up while it is still dark; she provides food for her family and portions for her servant girls. 16 She considers a field and buys it; out of her earnings she plants a vineyard. 17 She sets about her work vigorously; her arms are strong for her tasks. 18 She senses that her trading is profitable, and her lamp does not go out at night. 19 In her hand she holds the distaff and grasps the spindle with her fingers. 20 She opens her arms to the poor and extends her hands to the needy. 21 When it snows, she has no fear for her household; for all of them are clothed in scarlet. 22 She makes coverings for her bed; she is clothed in fine linen and purple. 23 Her husband is respected at the city gate, where he takes his seat among the elders of the land. 24 She makes linen garments and sells them, and supplies the merchants with sashes. 25 She is clothed with strength and dignity; she can laugh at the days to come. 26 She speaks with wisdom, and faithful instruction is on her tongue. 27 She watches over the affairs of her household and does not eat the bread of idleness...

Women in Business
Contrary to many Christian stereotypes of proper female behavior, this passage does not depict the virtuous and praiseworthy wife as a submissive homebody whose sole purpose in life is to raise children and do dishes. No, this noble wife is a shrewd and profiting businesswoman! Even the Hebrew word for "noble character," often translated as "excellent" or "virtuous" literally means "power" or "strength." Of the 244 times this word is used in the Bible, it almost always means "strength", "army", or "wealth." The woman in Proverbs 31 is described in this manner, as is the Queen of Sheba in 1 Kings (10:2) and 2 Chronicles (9:1). Her strength is mentioned several more times throughout this passage.

So what makes her so strong and noble?
As is obvious from the passage, women engaged in business as well as men in Biblical times. This particular woman profits from her skills (19), selective buying of imported raw materials (13), wise trading (24), hard work (15,17,27), managing of servants (15, 26) and money sense (18). As an effective businesswoman, this wife has a successful business plan. She creates her own wealth, not by taking advantage of the poor, but out her smart choices and hard work. After buying cheap raw materials, she sews them into linen garmets and belts and then sells them to merchants for a profit. But that' not all! After accumulating wealth with the work of her hands, she spends her
seed money on an asset: land. She then proceeds to improve this asset by planting a vineyard, and she continually expands her money-making enterprise. She is "like the merchant ships" and brings riches to her household. Because she is so diligent and trustworthy in managing these affairs, the husband is free to serve in the political and judicial affairs at the court in the city gate (23,31), as is customary in those times .

Her noble use of money.
Part of what makes this virtuous wife so praiseworthy is what she does with her wealth. She provides for her family and servants, but then she helps the poor and needy out of her excess. Her wise use of time and money enables her to be charitable, just like Lydia in the New Testament.

After she has provided for the needs of many, she still has the means for a little luxury. She clothes her entire household with the finest scarlet linens and purple bed coverings. She is in a position of confidence, and doesn't need to stress about the future (25). Her household is prepared for variable conditions and disasters, such as a blizzard hitting Judea (21). While "she can laugh at the days to come," she wont let her wealth make her too comfortable. The wife of noble character will never "eat the bread of idleness" and she "fears the Lord."

Because of these characteristics, this wife gains the praise of her husband and those at the city gate (28,31). Even her
children called her blessed (28).

Pictures above: 1. A depiction of business women traveling in the ancient Near East 2.The Queen of Sheba conducts business with King Solomon 3. A coin from New Testament Judea, under the reign of Vespasian.


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