Business & Social Progress

Business Daily @ Social progress

There is a great deal of discussion around money in today’s paper. It appears that financial discussion revolving around bad debt, COVID costs for employees and poor bank performance seem to be the biggest concern. However, apart from a corner headline on politics, it is refreshing to read Jeremy Awori discuss the need for companies to reconnect businesses success with social progress. However, “reconnect” may not be entirely the right word. Many companies, business schools and entrepreneurs have never “connected” and so to say that we need to re-connect is unlikely to turn any heads for attention or action. The nature of competition, tax and multiple statutory demands made on companies do not give a quarter to social progress. Indeed, the word that companies are familiar with is “exploit” the market. “Social progress” does not appear in any of the end year balance sheets of companies listed anywhere. Be that as it may, this response does not in any way downplay the role of advancing business success through social progress. We just have to find a way to ground the relationship between business profits and social progress into our cut throat enterprise ethos. Right now, business profits are made at the expense of society. The “connection” that needs to be made will take some reflection, innovation and creativity in the design, production, packaging and distribution of company products and services in society. We need more companies to take up the challenge.  

Allan Bukusi

Sources- Business Daily