Response to Readings #7, #8, and #9
Photo by lead3030a02
1. Do you think the primary purpose of business should be maximizing shareholder profit, or creating value for multiple stakeholders? Explain your reasoning.
The primary purpose of business should be creating value for multiple stakeholders rather than solely maximizing shareholder profit.
This is because businesses should not exist only to focus on profits or fame, but rather to help people and contribute positively to society and the environment. While profit is necessary for a business to function and remain sustainable, it should not be the only goal, and there should be a ceiling on how much profit is pursued.
When businesses focus only on maximizing shareholder returns, there is a significant risk that greed can fester and grow within the organization. This greed can become harmful not only to employees and customers, but to all stakeholders involved, including communities and the environment. Over time, this narrow focus can lead to unethical decision-making and long-term damage that outweighs short-term financial gains.
In contrast, a stakeholder-focused approach encourages businesses to consider the needs of employees, communities, customers, and the environment equally. By doing so, businesses can create positive externalities and build systems that are more balanced and resilient within the ecosystem they operate in. This approach supports long-term success rather than short-term profit maximization.
Ultimately, when businesses prioritize all stakeholders instead of focusing solely on shareholders, they reduce the risk of greed-driven decision-making and are more likely to create meaningful, lasting value that benefits society as a whole.
2. Given current trends (e.g., ESG reporting, consumer expectations, and regulation), do you think purpose-led business is becoming a necessity rather than a choice? Why or why not?
Given current trends, purpose-led businesses are becoming a necessary component to remain competitive in the market rather than just a choice.
This is because of the growing number of consumers and investors who are increasingly interested in green initiatives and sustainable practices. More people are actively wanting sustainable options, and they are paying attention to whether companies align with their personal values. At the same time, global crises such as global warming, floods, droughts, wars, poverty, and famine are causing people to be more weary of conventional business practices that prioritize profit over long-term environmental and social impacts.
As a result, being purpose-led gives a greater image and reputation to businesses. Companies that demonstrate clear purpose and responsibility are more likely to gain trust, loyalty, and long-term support from consumers and stakeholders. This shift is not just social, but also structural. In tandem with increasing numbers of necessary ESG reporting standards and legal regulations, businesses are being pushed away from purely conventional business practices and toward more responsible models.
People are also starting to realize that they have power in how they buy things, and now they want their dollar to reflect their personal values. Because of this, businesses that ignore purpose and sustainability risk falling behind in both reputation and competitiveness. Overall, this shift is in everyone’s best interest, and more importantly, in the Earth’s best interest, making purpose-led business increasingly necessary rather than optional.
"The love you give" by benjaflynn is licensed under CC BY 2.0.
1. Which of the three styles—giver, matcher, or taker—do you most identify with in your academic or work life? How has this influenced your relationships and outcomes?
I would say I mostly try to be a giver or matcher in both my academic and work life. This is because, as a student and employee with both individual responsibilities and team responsibilities, as well as individual and team goals, I want the best for myself without putting others down, and instead hopefully helping bring others up. For individual work, I try to do the best for myself; however, if someone needs help with their own work, I would not deny helping them. For teamwork, ideally I would want everyone to work at the same level collaboratively, but if that does not happen, I am willing to help pick up the slack where needed.
In the past, I was almost exclusively a giver. This influenced my relationships and outcomes in that I was seen as someone you could always depend upon, but it also led to burnout. As a result of that burnout, I eventually became someone people could not depend on in the same way, which negatively affected both my performance and relationships. Over time, this has changed because I realized it is in my best interest, as well as the interest of those around me, to avoid burnout. This is why I now try to balance being both a giver and a matcher, so I can support others while still maintaining my own well-being and consistency.
2. As a future leader, how might you apply a “giving” approach while still maintaining boundaries and avoiding burnout? What might this look like in a real workplace setting?
As a future leader, I would want to lead by example using a “giving” approach by ensuring my work goes above and beyond the requirements while still setting clear boundaries and maintaining them. I would do this by showing passion and care in my projects and trying my very best to formulate solutions, while maintaining my composure and managing my frustrations if my solutions did not work. I would want to demonstrate to my coworkers the importance of being proud of your work, but also having humility in accepting failure. Ideally, I would act in a way I would want my peers to act: put in your best work, support others when possible, but don’t let failure hurt or scare you, and don’t overextend yourself to the point of burnout.
In a real workplace setting, this might look like leading a team project where deadlines are tight and challenges arise. I would contribute fully and offer help to team members who may be struggling, but I would also set boundaries by managing my time and not taking on all responsibilities myself. For example, if a teammate is overwhelmed, I might help guide them or assist temporarily, but I would not consistently take over their tasks. At the same time, I would encourage open communication, acknowledge effort, and normalize setbacks so the team can learn and improve without fear. This approach allows me to give support while still maintaining balance and long-term effectiveness.
"Wikimania 2024 - GLAM Global Meetup 20 - Priority matrix" by Fuzheado is marked with CC0 1.0.
1. The SET model suggests that businesses should prioritize social and ecological well-being over profit maximization. Do you agree with this shift? Why or why not?
Yes, I agree with the shift from prioritizing profit maximization to prioritizing social and ecological well-being. This is because I believe businesses should first and foremost take care of the environment and the community. When businesses are faced with the choice between making more profit at the expense of others (harming the environment or community) versus maintaining a steady profit while working to enhance those systems, they should always choose the latter.
A business that can coexist within its ecological and social environments is ultimately a more stable and strong business. This kind of organization is built on solid values and morals regarding both the environment and the community, and it continually works to improve and better adhere to those values over time. Rather than chasing short-term gains, it focuses on long-term responsibility and impact.
I view this approach similarly to the idea behind green chemistry: set it up right the first time, and then make improvements along the way. By building a strong, ethical foundation from the beginning, businesses can avoid many of the negative consequences associated with profit-driven decision-making. This not only benefits society and the environment, but also supports long-term success and resilience as a business.
2. What outcomes do you think would emerge if there were a large-scale shift toward businesses operating using the SET model? What might this look like for employment, workers, communities, and the ecological systems in which businesses operate?
I believe if there were a large-scale shift toward businesses operating using the SET model, the outcomes would be highly beneficial to society as a whole. The SET model encourages putting social and ecological well-being at the top of businesses’ priority lists, which would strongly influence the general perception that caring for the environment and community is important and affects everyone. This kind of approach to business is a great step in the right direction and should become the standard for business operations. Without our social and ecological systems, businesses are pointless; there is no place for businesses in a world where our environment and communities do not exist. It is right and just for businesses to take responsibility for their actions and to promote systems that support long-term well-being.
For employment, systemic prejudices would ideally not exist. If a person is the right fit for a job, they should have a fair chance of getting that job without unnecessary barriers, leading to more equitable and inclusive workplaces.
For workers, this shift could result in healthier work environments, better support systems, and a stronger sense of purpose, as employees would feel that their work contributes positively to society and the environment.
Communities would begin to value businesses more because they directly benefit them. Businesses would contribute positively to community development. For example, businesses could support communities by hosting or supporting local wedding socials or sponsoring community sporting events.
For ecological systems, businesses could initiate environmental programs or support waste clean-up efforts in natural spaces, helping to protect and restore the environments they operate within.
"HoytCompoundBOW" by StromBer is licensed under CC BY-SA 3.0. In B&W Warm
1. Reflect on a recent purchase you made. Did it provide lasting satisfaction, or was the benefit short-lived? How does this relate to the idea of the hedonic treadmill?
The last materialistic thing I bought was a bow press. A bow press is a machine that enables its users to work on and tune their archery equipment. I am a member of Team Canada for the sport of archery, and I have 8 years of experience working as an archery technician. This tool gives me control over the setup, takedown, adjusting, tuning, and fitting of my own and other people’s bows. I intend on keeping this bow press for as long as I continue doing archery, which I have no intention of quitting after more than 10 years. Because of this, the purchase provides lasting satisfaction, as it is made to last and be used frequently over many years rather than offering only a short-lived benefit.
This purchase feels more like an investment rather than something that fuels the hedonic treadmill. I actively try not to make purchases just to appease short-lived happiness. If I am considering buying something, I think about the long-term implications and how much I will realistically use the item. I try to be conscious with my money because I see it as a valuable resource and do not enjoy wasting it. If I do make purchases that are more short-term, such as snacks or treats, I try to fully appreciate them while also recognizing that the happiness they bring is temporary. This awareness helps me avoid constantly chasing new purchases for satisfaction.
2. How do you feel about your current consumption habits? Do they align with your values? If not, what changes would you like to make, and how could you start?
I feel moderately content with my current consumption habits. I do not consume a large amount of materialistic goods, and I actively try to reuse, repair, refurbish, repurpose, and recycle whenever possible while avoiding unnecessary purchases. When I do buy something, I consider the longevity and durability of the item, whether it is used or new, and the environmental implications. These aspects form a kind of purchasing checklist for me, and they align well with my values.
For future purchases, I hope to continue following this same mindset, as I believe it is effective in helping me stay consistent with my values. At this point in my life, these habits feel ingrained, although they still require mental effort and awareness, which I am willing to maintain.
However, one area I could improve on is being more mindful of the social implications of my purchases. While I pay close attention to environmental impacts, I do not actively research supply chains or working conditions as much as I could. Moving forward, I would like to start incorporating this into my decision-making process by doing more research into the ethical practices behind the products and services I buy. This would help me more fully align my consumption habits with all of my values.
"Ranger Removing Litter" by YellowstoneNPS is marked with Public Domain Mark 1.0.
1. Can you think of an example where people working individually or together created positive change? What does this tell you about the potential for impact?
An example where people working individually and collectively created positive change is community cleanups. In a community cleanup, people work as individuals collectively to collect garbage around their community. If only one person performs this task, there is still a fair amount of good derived from it. However, when the community as a whole pitches in, the effects are more drastic and noticeable, and the overall impact becomes much greater.
The potential for impact starts with the individual. Individuals hold power in how they act and how they think, which can create strong influence within communities. This influence can be so significant that others may adopt the same mindset and also positively contribute and influence the community.
A specific example of this is an elderly man in the west end of Winnipeg who would consistently walk through the community with a bucket and garbage picker, always sporting a Tilley hat and hi-vis clothing. He would spend a great deal of time picking up litter around the community and disposing of it appropriately. He did this year after year and became well-known within the community. Over time, children in school learned the importance of keeping the community clean, which encouraged them to avoid littering and to pick up litter when they saw it. This one individual helped influence the mindset of maintaining a litter-free environment across the community. Because of this, many people individually began acting in the interest of the collective community and environment. This shows that the impact of one person can shift the potential for impact of everyone into actual collective impact.
2. When your actions align with your values, how does that feel? What is one action you could take to move toward that alignment in your own life?
Aligning my actions with my values feels fulfilling and just. Having the opportunity to live with the feeling of being free to choose actions that align with my values is something I greatly appreciate. I recognize that some people are not able to do this due to either internal or external factors, so I am thankful that I am able to align my actions with my values.
One action I can take to further push the needle toward full alignment is to be able to encourage and enable others to do the same. By either offering moral support, or actively working against barriers for others in aligning their values with their actions, I can more accurately align my values with my actions. This could include teaching others about the importance of developing and listening to their moral compass, and helping them reduce barriers such as the societal perception that sustainability must involve high monetary costs. I maintain that people can take low-cost actions to support their values of sustainability, such as repurposing and refurbishing items. By doing these things, I can better achieve action-value alignment in my own life while also helping others do the same.










