Saturday, January 14, 2006

Charity and Social Service

Business men top the list of those giving to social causes. Starting from Bill Gates and Melinda Foundation to the crores of rupees to the Thirupathi temple, people who make money and people who are successful give a part of their earnings to others' benefits.

Wait a moment! Do we really need that? If you run your business honestly and ethically, there will not be any surplus to distribute to the causes. Charity begins at home. If you find that your business is making more money that what is needed for your personal use, you can realign the business practices to benefit the stakeholders more:
  1. Increase the employee compensation and benefits.
  2. Increase the value to the customer by adding more features and eliminating more bugs from your product. Invest in a separate building and a few thousand people who work only on security aspects of Windows for example.
  3. Reduce the price a wee bit to put more money into the pockets of your customers.
  4. Pay more to the suppliers.
  5. Clean up your emissions better.
  6. Stop tax management and pay up the tax to the government.
It is not the job of an individual or a business to decide what social cause is to be funded. That is the job of the elected governments and social groups. The business has to make sure that tall the stakeholders benefit equally. That will make sure that there is not much left to worry over where to give.

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