Big business doesn’t get a lot of love in certain circles. In fact, the mere mention of the term “big business” is enough to make some people boo and hiss as if they have been confronted with the most villainous idea imaginable– and all this despite the fact that these businesses are the backbone of the economy.
Understanding, and appreciating, the importance of big business is vital to understanding how this country works. Below are four things that some people assume about big businesses, as well as the refutations that prove these beliefs wrong.
Big businesses only care about generating a profit
Of course, businesses do care about generating a profit– that’s the entire point of running a for-profit business, after all. However, it’s worth remembering those profits help to fund the rest of the country by way of corporation tax.
Furthermore, it’s also reductive to suggest that big businesses only care about generating a profit. It is possible for businesses to care about more than one thing, just like people do. Plenty of businesses and business people do a lot of good in the world; Mark Zuckerberg, for example, plans to donate the vast majority of his personal wealth, while Walmart run an entire charitable foundation dedicated to doing good works. Just because businesses want to make a profit doesn’t mean they don’t care about things outside of that profit.
Big businesses are only in it for themselves
The very opposite is true. Businesses, for the most part, are motivated by a desire to help people; you only need to peruse a couple of business websites to see that. Many companies put helping people and creating a reliable, trustworthy business at the forefront of their mission structure; you can see https://www.bswllc.com for more information on how this works in practice. Businesses, big and small, see themselves as part of the community, and they work to serve that community as best they can.
Big businesses profit off the work of other people
This statement is true, in some ways; businesses do profit from the work of their staff (though they do pay their staff, so it seems like a fair deal). What always gets forgotten when someone says this is that businesses are also the ones who take all the risk, make the big decision, and drive a company forward– and they deserve to be rewarded for always putting themselves on the line like that. If they didn’t, or they made bad decisions, the company would flounder, and the staff would soon find themselves out of a job.
Big businesses don’t care about the environment
This is just outright wrong; plenty of businesses do care about the environment, and they have their own solutions to help improve the situation. For example, Apple, according to http://www.fortune.com, power their factories using almost entirely renewable energy– and they’re far from the only ones with such lofty environmental credentials. Somehow facts like this always seem to get missed from big debates!
Given the importance of big business to the economy and people’s livelihood, it only seems right to try and correct these misconceptions if they’re heard. Hopefully, you should now have the tools to do just that the next time someone rants about the damage big corporations are doing.