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Showing posts from July, 2014

How to lead a calm and pleasant life? Cardinal rule – SIXTY THREE; Why should you use a part of the accumulated profit to control inflation?

Why should you use the accumulated profit for controlling inflation? As we discussed yesterday most of the reasons for price hikes, as we see today, are temporary and even momentary. The danger of factoring the additional expenses caused by these momentary effects into the cost of products is that at the very moment the economy respond with a price hike, even after the disappearance of the temporary causes, its effect will continue for long, perhaps it would become permanent, because in the modern economy everything in the supply chain and extended supply chains are strongly related and the inflation in one constituent will cause a chain reaction of inflations and which would result in a different commercial environment with no options for you to undo. It simply means you are making temporary adversities eternal through price hikes. Of course, if one does not have the luxury of accumulated profit, then there would be no choice. Still in such cases public funding for mitigation would n…

How to lead a calm and pleasant life? Cardinal rule – SIXTY TWO; controlling of inflation using the accumulated profit.

Here we are not going to discuss the intricacies of prevailing unit cost calculation methods. On the other hand I am more concerned about the ethical side of it. Do you think the Commercial Practitioners have responsibility to use a part of the profit already acquired to control inflation of prices? Most often the causes of inflation would be temporary and even momentary. For instance, imagine that, mining of the raw material for a particular product becomes costlier because the mining firm has to invest resources additionally to mitigate the aftereffects of a heavy rainfall. Would it not be a more intelligent idea to cost the mitigation measures separately and use a part of the profit acquired earlier for executing the measures as a social responsibility and without affecting the cost of your product than factoring it into the unit cost and try to recover your additional expense at once? Because at the moment you hike the unit cost of your product, you will be creating another holoca…

On social networks

The world will be having future generations actually living in cyberspace. Social networks are the primary formations of a cyber social order, so that very important as well. World should progress further in the best use of it for social wellbeing.

How to lead a calm and pleasant life? Cardinal rule – SIXTY; balancing forces of commerce

There should be balancing forces for every activities in this world. Commerce is also not different. We cannot anticipate that all those who engaged in commercial activities themselves shall uphold the kind of ethics we have been discussing. What are the balancing forces that keep commerce on the right track? In the first place it is the simplicity of lives of individuals in a society that makes the commerce to continue on the right track. Here individuals will not buy anything at any cost. For this to happen individuals have to set right priorities and direct their own lives in a way that makes them self-sufficient, with respect to the basic requirements, to the maximum extent possible. Application of this balancing force is highly essential for a calm and pleasant life.
Practice it and make it a habit. Then the nature will make it sustainable by triggering necessary genetic engineering!

How to lead a calm and pleasant life? Cardinal rule – FIFTY NINE; commerce with integrity and social commitment

Given the fact that commerce is a very essential for-profit social service, all individuals who are part of the commerce should organize their commercial activities with high levels of integrity and social commitment. The selection of a commercial activity as a livelihood by an individual should be either guided by the felt demand from the society or it should be a preparation for the wellbeing of the society in future. Each such commercial activity should be a logically coherent, ethically acceptable and financially affordable solution for the service demands of the society. No unwanted or unreasonable commercial activity should be enforced upon the society. Anything done against this principle shall make ‘calm and pleasant life’ impossible.
Practice it and make it a habit. Then the nature will make it sustainable by triggering necessary genetic engineering!