Key Idea: Do What Interests YouThe founders of Diversified Chemicals are interested in chemistry. They love coming up with new products to solve hard problems. They make many types of coatings and adhesives and are working now to capture the rubber in old tires for new purposes. Homepage Go to Diversified Chemicals |
Key Question:A:
Do the things that fascinate you and don't apologize for your activity. Michael Novak explains that self-interest is good but greed is bad. A: If you are motivated to provide a high level of customer service, to produce a quality product, to establish a nurturing environment for your employees, then that's your self-interest. That's what is important to you. That's not greed because greed is gluttony and avarice, the motivation to improve one's own lot without any consideration for others. Self-interest, on the other hand, is our passion, what motivates us, why we start our own businesses and make successes out of them. Think about itWhat's your self-interest? Clip from: Capitalism: Path to ProsperityWashington, DC: What are the essential foundations of life, liberty, freedom, and human rights? The USA as a working experiment is a good model to study. Here we can study the earliest documents and concepts and see how these also became the foundations for American capitalism. Within this structure, we can see how just about any family can get on a path to economic independence. Meet Michael Novak, a man whose life study is of the foundations of government systems that work. And here he discovered small business has the heart and spirit that sustains and nurtures democratic capitalism. Michael Novak strikes deep into the heart of public debate about what works and what doesn't work within economic systems, and he says that small business owners are demonstrators. They're on the front lines, risking and fighting the good fight every day. Small business owners take lofty principles and reduce them to nitty-gritty practice. Go to all the Key Ideas & Video... American Enterprise InstituteMichael Novak, Author
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Business Classification: Year Founded: 1947 Do What Interests YouHATTIE: Just talk about the difference in those terms, that self-interest is good, greed and selfishness is bad. What is the difference? Not a member yet? Learn! Be empowered! Join us! |
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