All about the money!? – Is moral lost in modern businesses?

This time, I had a really hard time figuring out what to write about. So what did I do? Yes, you are right: I googled it. I admit. Guilty me. But my results turned out to be really interesting.

At first, my search words were: “business, IT, topics to write about”. Maybe not really creative, but in return very effective. On the top of the first site with
searching results I found a blog about business ideas and strategies called Home Business Opportunities where a certain post had the title: “10 Top Hot Topics To Write About”. Guess what the “hottest” topic was… And the winner is: Making money. Surprise, surprise…

“If you want to know WHAT people want and WHAT you should write about, then find something related to these topics…

1. Making Money. This one ain’t ever gonna go away. You can just go ahead and etch it in stone; it’s here for the long haul. We all want to make money if for no other reason than to be charitable and give it away to someone else) and some of us (…) are half-crazed for information on how to make money. If you can show people how to make money (in a legal, moral way of course) I can assure you, they will buy it. I guarantee it. (…) People want to make more money. So, show ‘em how to do it.”

Are really all people and especially companies and banks only profit-orientated? Is moral lost in modern businesses?

Words like “Maximize” or “Monetize” have entered my standard vocabulary since I’m studying “International Business Management” at the Berlin School of Economics and Law. Everything seems to circle round money.  Money makes the world go round.

Firms as well as individuals have a high interest in earning money but seem to have a low interest in moral and values. It is a fact that, the search term “How to monetize” reaches about 10 600 000 results at Google search and at least 2 300 000 results at Google blog search (mainly about how to monetize a blog).  Me, myself and I? Is our modern society only consisting of selfish people? If you think you would answer this question with yes, maybe reading itgalina’s post about business angels will help you to get a more positive point of view. :)

Even modern Musicians like Shania Twain or Jessy J have realized the importance of the topic and they both express criticism about the modern society and its attitude to money in their songs.

Let’s have a look at some parts of their lyrics:

Shania Twain – Ka-Ching

“We live in a greedy little world -
that teaches every little boy and girl
To earn as much as they can possibly -
then turn around and
Spend it foolishly
We´ve created us a credit card mess
We spend the money that we don´t possess
Our religion is to go and blow it all
So it´s shoppin´ every Sunday at the mall

All we ever want is more
A lot more than we had before
So take me to the nearest store (…)”

Jessy J – Price Tag

“Seems like everybody’s got a price,
I wonder how they sleep at night.
When the sale comes first,
And the truth comes second,
Just stop, for a minute and smile (…)

It’s not about the money, money, money
We don’t need your money, money, money
We just wanna make the world dance,
Forget about the Price Tag (…)

Why is everybody so obsessed
Money can’t buy us happiness. (…)”

Pretty cool, isn’t it?

I think the goal of a business should be to create quality. But instead of quality, making money seems to be top priority. (…) Companies spend a lot of money on advertising and marketing trying to convince people what a great business they are to deal with. They simply overlook the proper training of their employees to recognize the most important marketing opportunities: the real-time interactions with the customers in the store.

How can this be changed? From the top.

The blog “Smart Money Daily – An Offbeat Look at what makes the World Go Round” gives a fantastic summary to this question: “Management must realize that it is worth it to focus on creating a magnificent customer experience and spend the time and resources necessary to educate the staff and communicate the business’s mission statement and goals to all of the staff. They need to be trained to recognize how their tiny actions and attitudes can end up having a profound impact on the business.”

With this blog post I wanted to encourage you to think about that topic by yourself and maybe to do some research on this issue rather than being biased by my opinion. Did I succeed doing that?  Remember: We have the chance to change attitudes in the future when we enter the business world. Maybe we even have the chance to change attitudes by writing about current business issues?  Tell me what you think!

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About NerdyLaura

Born and raised in Berlin, Germany. 20-year-old girl. Studying "International Business Management" at Berlin School of Economics and Law although my Time-Management is really bad ;). Hates: Rainy days and people who are driving 30 km/h when 50 km/h are allowed. Loves: Kitschy staff, jewellery, gardening (green fingers) and movies (good and bad ones). View all posts by NerdyLaura

2 responses to “All about the money!? – Is moral lost in modern businesses?

  • angiethiem

    Hey Laura!
    Acutally I read your post several days, maybe almost one week ago.And as so often in life we loose the focus, forget the feedback, become selfish (in this case my facebook chat) and i really just forgot to give a reaction and make you know, that your post touched me and made me thinking. “Besser spät als nie, ne” ?! Alors: Just as I described with my little comment example I guess thats what happend every day in the world, often connected to much higher descisions and more drastic outcomes.
    As most of us sutdy international business management we cary a high responsibility with us and still hold the power of how the next generation manager will look like. We talk a lot by now and write critical articles about McDonalds… but what will be the outcome of our study course in a few semesters?… And who will be on the top?`The all about the money guys maybe?! yeppa… I guess.

    By the way and referring to your topich. check this out: http://www.youtube.com/watch?v=e2L8N6uNxW4

    Price tag and so on…

  • natiliab

    Dear Laura,
    When I read the heading of your topic I was very interested in your post and you certainly impressed me with your results.
    First of all, I like the topic because it is a very current one. Adequate morals in business seem to be overestimated in the past years. Being the best, fastest and most valuable employee in a company is what most people fight for. Sure, I would like to be as well the best worker in a company but to what price? Who has the disadvantage when I what to be the best one. In my opinion, employees should be concerned with the happiness and satisfaction of clients and customers. Taking this to a higher level- business should also rather concentrate on moral behavior towards their employees and clients instead of aiming to increase their market value and maximize profits.
    Your references to the two songs are a very nice element of your post. You related your topic to music and used the lyrics to emphasize on your point.

    I have found a very interesting webpage that writes about business ethics. They describe themselves the following: ‘Business Ethics is an online magazine with a strong heritage in the fields of ethics, governance, corporate responsibility and socially responsible investing.’
    http://business-ethics.com/

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