I’ve often heard it said that if people buy the product a company or startup is selling, then the company must be creating value in the world. After all, why would someone buy a product if it were not creating value? It would be really nice if this were a valid argument (since then more units sold means more societal benefit). Unfortunately, it’s not.
I like entrepreneurship a great deal and think on net it has added huge amounts of benefit to the world. In fact, I'm an entrepreneur myself. But...
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business
How Companies Can Cause Harm
I often have heard it said that if people buy the product a company is selling, then the company must be creating value in the world. After all, why would someone buy a product if that product were not creating value?
It would be nice if this were a valid argument (since then more units sold = more societal benefit). Unfortunately, it's not valid.
To help put the argument to rest, here's a list of 13 situations where a product that doesn't add net value to the world may still get bo...
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