Celebrating job creators as well as workers
- By Eugene Clark
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E-mail China.org.cn, May 1, 2014
Business people should also be more actively involved in schools and be more proactive about their involvement in society. Society and schools should celebrate China's successful entrepreneurs. Every sensible business should and most do know that in order for their business to succeed in the long term, society as a whole must also advance. Business is not just about maximizing profits and return to shareholders, but about creating value for the business and for society as a whole. This is what corporate responsibility is about and has always been a feature of good businesses.
Governments at all levels should adopt policies and create regulatory frameworks that make it easy to start a new business. I strongly commend recent initiatives to reduce the amount of red tape and let the market determine the best allocation of resources. At the same time, government needs to strike the appropriate balance of protecting consumers from those businesses that do the wrong thing. Indeed, most businesses themselves support consumer protection law because it prevents the bad business apples from rotting the larger barrel of mostly good business apples.
Inside organizations we also need "intrapreneurs" whose creativity, hard work and dedication lead to more efficient and effective public and private sector organizations. The special role of these workers should also be celebrated on Labor Day.
Finally, we should recognize that a reality of life, especially business life, is that sometimes you fail. Moreover, the upside of such failures is that one learns and goes on to make that breakthrough that leads to innovation and success. We should be more tolerant of failure and realize that the best definition of ultimate success is the constructive application of failure.
The author is a columnist with China.org.cn. For more information please visit: http://www.china.org.cn/opinion/eugeneclark.htm
Opinion articles reflect the views of their authors, not necessarily those of China.org.cn
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