Doing Business by the Good Book Introduction
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Questions and Answers

What motivated the founder's confidence in succeeding with World Wide Technology, Inc.?

  • Support from family connections
  • Wealth of business experience
  • Faith in God (correct)
  • Industry partnerships

Which factor did the founder mention as a challenge in starting his company?

  • Insufficient marketing strategy
  • Competition from established companies
  • High failure rate of start-ups (correct)
  • Lack of technological knowledge

What does the founder recall from his childhood regarding societal issues?

  • Experiences of segregation and racial tension (correct)
  • Discrimination was minimal in his small town
  • Life was more accepting without racial tensions
  • Opportunities for African-Americans increased dramatically

What lesson did the founder learn from his mother regarding negative feelings?

<p>They are self-destructive and a waste of time (B)</p> Signup and view all the answers

What legacy did the founder inherit from his family according to his reflections?

<p>Wholesome values and strong faith (C)</p> Signup and view all the answers

What does the author credit as a significant source of motivation in his life?

<p>The support of his wife, Thelma (A)</p> Signup and view all the answers

Which biblical principle does the author emphasize for achieving success in business?

<p>Serving and loving others (A)</p> Signup and view all the answers

What story does the author use to illustrate the concept of results in business and faith?

<p>A minister and a taxi driver (B)</p> Signup and view all the answers

What teaching from Luke 12:48 did Thelma remind the author of regarding their commitment to the Sunday school class?

<p>Much is required from those who have received much (C)</p> Signup and view all the answers

How does the author view his company in relation to his faith?

<p>As a platform to serve God (B)</p> Signup and view all the answers

What was the initial feeling of the author and Thelma regarding the commitment to teach a Sunday school class?

<p>Skepticism and concern about time commitment (A)</p> Signup and view all the answers

What approach does the author believe is essential for working with employees, vendors, and customers?

<p>Applying biblical teachings (D)</p> Signup and view all the answers

What outcome does the author associate with adhering to the principles he discusses?

<p>Prosperity and rewarding experiences for others (A)</p> Signup and view all the answers

Which of the following scriptures is cited to affirm the author's beliefs about blessings for those who follow God's ordinances?

<p>Deuteronomy 7:12–13 (D)</p> Signup and view all the answers

What does the author ultimately find most rewarding in his business?

<p>Knowing that his employees are prospering (C)</p> Signup and view all the answers

Flashcards

Founder's motivation

The founder's faith in God was the driving force behind starting World Wide Technology, despite significant challenges and skepticism.

Early challenges

The founder faced significant obstacles, including financial strain, high-risk venture, as well as social and racial prejudice, when starting the business.

Impact of upbringing

The founder's upbringing instilled important values and faith, preparing him for success amidst adversity.

Racial tension

The founder experienced racial tension and prejudice during his formative years and later in life when starting his business, highlighting the societal challenges during that period.

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Mother's advice

The founder's mother advised him to avoid bitterness and resentment, emphasizing the self-destructive nature of negative feelings.

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What motivates the founder?

The founder is inspired by his faith and his desire to make a difference in others' lives, seeing his success as a way to support his wife, children, and employees.

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What is the founder's view on business ethics?

The founder believes that ethical principles apply to both personal and professional life, rejecting the idea of separate moral codes for business.

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What does "Doing Business by the Book" mean?

It refers to conducting business based on biblical principles, like loving and serving others, exemplified by the founder's company policies and practices.

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What is the main lesson from the taxi driver story?

It teaches us that success is measured by impact, not just position or title, highlighting the importance of making a real difference in people's lives.

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How are faith and success connected?

The founder believes faith coupled with hard work leads to success, based on biblical teachings and his own experience in overcoming obstacles.

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What is "Doing Business by the Book" class about?

It's a Sunday school class for business professionals, teaching them how to apply biblical principles to their work and achieve success.

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What is Thelma's role in the company?

Thelma is not involved in the company's operations but her unwavering faith in her husband and the vision motivates him to succeed.

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How does the founder see his company?

He sees his company as a ministry, a platform to serve God by living out biblical teachings and being his representative in the business world.

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What is the founder's main business objective?

To attract and retain talented individuals and provide them with opportunities to succeed, believing their prosperity also brings him great satisfaction.

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How is the founder's business described?

It's described as successful, built on biblical teachings, providing great value and service, and attracting and retaining talented individuals.

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Study Notes

Business Founded on Biblical Principles

  • Founder, David, wanted to create a company based on biblical teachings.
  • Founded World Wide Technology, Inc. in 1990.
  • Started with limited capital, a high-risk venture.
  • Experienced entrepreneur, despite initial lack of proven success.
  • Confidence stemmed from faith in God, not past achievements.

Facing Challenges and Obstacles

  • Faced racial prejudice, criticism from both white and African-American communities.
  • Grew up in racially tense 1960s, experiencing segregation firsthand.
  • Determined not to harbor negativity, following mother's advice to avoid bitterness.
  • Strong family values, learned from hardworking, God-fearing parents.

Family and Faith

  • Supported by a loving family, including parents and grandparents.
  • Raised with a strong foundation in the Word of God.
  • Blessed with a supportive wife, Thelma, whose faith and encouragement were crucial.
  • Undying desire to make a difference, motivated by family and employees.

Success Attributed to Faith

  • Success viewed as a miracle, credited to God's grace.
  • Believes adhering to biblical teachings leads to rewards and prosperity.
  • Quoting Deuteronomy 7:12-13, emphasizes the importance of following biblical guidelines for blessings from God.
  • Jesus' teachings on serving others are applicable to all aspects of life, including business.

Business Practices Guided by Faith

  • Maintains a principle of loving and caring for others, providing value and service to customers and employees.
  • Encourages employee success, providing opportunities for advancement and prosperity.
  • Company considered a ministry, serving God through business practices.
  • Using company as a platform for sharing God’s teachings.

The "Doing Business by the Book" Class

  • Started by Founder and wife in response to their pastor's vision.
  • Followed biblical principles to lead the class.
  • Attendance and reception are very positive.
  • Including business leaders, government officials, and members of the clergy.

Sharing Blessings with Others

  • Belief that blessings are gifts from God, to be shared.
  • Giving example of tithes as a form of sharing.
  • Sharing experiences in the Doing Business by the Book class to inspire others.
  • Encouraging others to share their blessings and support one another.

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Description

Explore the journey of David, founder of World Wide Technology, Inc., who aimed to establish a company based on biblical teachings. Despite facing challenges like racial prejudice and limited initial capital, his unwavering faith and strong family values drove him to succeed. This quiz delves into the intersection of business, faith, and perseverance.

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