Executive Summary Inside Report

Throughout the reading of the Executive Summary Inside Report on the Vocation of the Business Leaders, the significance of being in business and the overall purpose of being a business leader becomes apparent. The report highlights the idea that businesses and market economies cannot function properly and focus without the goal of serving the common good. Although business leaders are obviously able to create a large positive impact on society, they can also cause many harms if their businesses or markets were to fail. Different factors such as globalization, communication technologies, and financialization are able to produce numerous issues and pressures that interfere with serving the common good. An important aspect to take away from this

These market economies possess the power to "influence and support the integral development of the person in the workplace" (Pontifical Council for Justice and Peace, 2014, p. 4). By transforming business organization into great communities, the development of a person in the workplace is also able to alter in a way that creates commitments to sharing goods with others to serve the world. "An inherent characteristic of work is that “it first and foremost unites people. Therein lies its social power: the power to build a community”" (Pontifical Council for Justice and Peace, 2014, p. 20). With these ideas in mind, it is important to build relationships and bonds within the work place and also understand the outstanding abilities of these businesses, due to their large cultural

These factors come in many forms such as, "corruption, absence of rule of law, tendencies towards greed, poor stewardship of resources—but the most significant for a business practice can lead to imbalances and misplaces of devotion to worldly success" (Pontifical Council for Justice and Peace, 2014, p. 4). When a business loses their motivation to create helpful goods and services, leaders often find that profitability is a major focus of their business. According to the Pontifical Council for Justice and Peace, a businesses profit should not be the most important element that a business is judged by. Although "profit is necessary to sustain a business; “once profit becomes the exclusive focus, if it is produced by improper means and without the common good, it risks destroying prosperity and creating poverty”" (Pontifical Council for Justice and Peace, 2014, p. 19). Admittedly, profitability is definitely an indicator of the health of the business, but it should not be the main goal. Challenges such as these only alludes to the importance of finding a balance within the business world by seeing, judging, and acting upon those observations. These three actions relate to the overall motive of creating observations and judgements to make better business decisions, and also visualize businesses as more of a