Virtuous Business Model
Getting Started
As we work every day and interact with people, we are forced to make decisions that are not always easy. In fact, many times we need to make decisions that are difficult and can have long-term ramifications. However, taking time to think about decisions when they are made and how far-reaching they can be to you and other people you work with or live with is an important aspect of adult life. Counting the cost is something we are not always good at, but there is always a cost for every decision. Christ calls us to count the cost and decide to follow him daily. At times this can be difficult and cause us to give up things and do things that are outside our comfort zone. After reading the Scripture, consider the meaning of the parable counting the cost.
Upon successful completion of this discussion, you will be able to:
- Interpret the Virtuous Business Model through the lens of a parable (a story told by Jesus).
- Analyze an issue or problem-related to a specific industry using the lens of the VBM as framed in this parable.
Instructions
- Review the rubric to make sure you understand the criteria for earning your grade.
- Read Luke 14:25-33(new tab) and review the Virtuous Business Model(Excel spreadsheet).
- Reflect on the following questions:
- What past personal experience(s) can you relate to the parable?
- How does the Scripture inform your understanding of the VBM?
- What can you do differently or better as a result of this reflective learning exercise?
Read Luke 14:25-33(new tab) : https://www.biblegateway.com/passage/?search=Luke%2015&version=NIV
VBM
VBM Definitions
| The Virtuous Business Model | ||||||||||
| Be | Know | Do | VBM Word | Word Form | Dictionary Definition | Popular, Magazine, Trade or Industry Definition | Scholarly Definition | Remain | Revise | Replace |
| The Virtuous Organization | ||||||||||
| Social Capital | noun | “The networks of relationships among people who live and work in a particular society that enable the society to exist and be successful” (Oxford University Pressl, n.d.). | “Social capital is the relational wealth that makes communities and organizations function effectively for the common good” (Ochs, 2018, p. 180). | “Following Woolcock (2001), in this study, we defne social capital as the social norms and networks that promote cooperation. The defnition proposed by Woolcock (2001) includes two principal elements of social capital: social norms and networks” (Gao et al., 2021, p. 594). | Remain | |||||
| X | Sincerity | |||||||||
| X | Supportive | |||||||||
| X | Service | |||||||||
| Spiritual Capital | ||||||||||
| X | Centered | |||||||||
| X | Creative | |||||||||
| X | Compassionate | |||||||||
| Economic Capital | ||||||||||
| X | Principled | |||||||||
| X | Proficient | |||||||||
| X | Profound | |||||||||
| The Virtuous Leader | ||||||||||
| Personal | ||||||||||
| X | Respectful | |||||||||
| X | Relational | |||||||||
| X | Reconciling | |||||||||
| Spiritual | ||||||||||
| X | Character | |||||||||
| X | Critical Thinker | |||||||||
| X | Courageous | |||||||||
| Professional | ||||||||||
| X | Integrity | |||||||||
| X | Inspirational | |||||||||
| X | Inclusive |
References
| References | |
| Gao, Z., Li, L., & Lu, L.A. (2019, May). Social capital and managers’ use of corporate resources. Journal of Business Ethics, 168(593-613). doi:10.1007/s10551-019-04223-7 | |
| Ochs, P. (2018). A Life of Impact: Love your purpose; live with passion; leverage your platform. Enterprise Stewardship. | |
| Oxford University Press. (n.d.). Social capital. Oxford Leaner’s Dictionaries online. Retrieved April 20, 2021, from https://www.oxfordlearnersdictionaries.com/us/definition/english/social-capital |
The Virtuous Organization
Social Capital Spiritual Capital Economic Capital
Be Sincerity Centered Principled
Know Supportive Creative Proficient
Do Service Compassionate Profound
The Virtuous Leader
Personal Spiritual Professional
Be Respectful Character Integrity
Know Relational Critical Thinker Inspirational
Do Reconciling Courageous Inclusive