Doing Business by the Good Book Ch 16

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Questions and Answers

What is the primary lesson illustrated by the story of Job?

Immediate wealth is promised to all believers.

Suffering is always a punishment for sin.

Enduring faith in God through suffering is essential. (correct)

Wealth is the key to happiness.

What challenge did Satan propose regarding Job?

Job would abandon his wealth.

Job would curse God for his suffering.

Job would experience financial ruin.

Job would lose his faith if his wealth was taken away. (correct)

What did God ultimately do for Job after his suffering?

God restored Job's wealth and blessed him further. (correct)

God allowed Job to die peacefully.

God provided Job with a new family but limited wealth.

God made Job a servant to others as punishment.

What is required when asking God for blessings, according to the teachings in Mark 11:22–25?

You must forgive others. Signup and view all the answers

What does the love of money eventually lead to, according to 1 Timothy 6:10?

Loss of faith and various kinds of evil. Signup and view all the answers

What is a common temptation faced when pursuing long-term goals?

Giving in to short-term gains. Signup and view all the answers

How did Job respond to the accusations of having sinned during his suffering?

He denied having sinned. Signup and view all the answers

What does long-term thinking in business primarily focus on?

Sustainable growth over time Signup and view all the answers

How did the management style of the CEO evolve as the company grew?

It shifted towards giving to others. Signup and view all the answers

What was a potential risk faced by the company while focusing on long-term success?

Sacrificing short-term profits Signup and view all the answers

According to the content, what concept is illustrated by the story of Job?

Patience during trials Signup and view all the answers

What kind of corporation is World Wide Technology described as?

Privately held corporation Signup and view all the answers

How does the CEO view the relationship between giving and receiving?

Those who give also receive. Signup and view all the answers

What is one challenge of maintaining long-term thinking in business?

Balancing immediate cash needs with future investments Signup and view all the answers

What does the phrase 'the seeds we wisely sow today will be reaped a hundredfold in years to come' refer to?

Building relationships over time for future success Signup and view all the answers

Study Notes

Long-Term Thinking

Foundational Principle: Long-term planning is crucial for business success, similar to a tree requiring consistent water and nourishment to thrive.
World Wide Technology Example: The company prioritizes long-term investments to strengthen infrastructure, anticipating positive returns in the future, rather than chasing short-term profits (e.g., 5-15 years).
Giving to Others: The company's CEO emphasizes altruism, believing giving leads to receiving (e.g., employee benefit packages, customer care). This principle hasn't changed despite the company's significant growth.
Difficult Decisions: Sometimes, sacrifices of short-term profit are needed to achieve long-term goals, especially during the startup period.

Biblical Parallels

Job's Story: The biblical story of Job illustrates enduring faith and patience in the face of extreme hardship and loss. Job's faith never wavered, even when his wealth and family were taken away. God eventually restored Job's fortune and position
Faith Overcomes Doubt: Jesus' teachings emphasize faith as a tool for achieving goals, regardless of seeming obstacles. Forgiveness of others is key to receiving God's blessings.

Importance of Long-Term Vision

Resistance to Short-Term Pressures: External pressures (e.g., in publicly traded companies, investors and analysts focus on immediate profits from stock price increases), and internal temptations can undermine long-term strategic plans.
Love of Money: Prioritizing short-term gains over long-term value can lead to greater problems than anticipated; this is a temptation.
Sustaining Faith: Long-term vision requires strong faith and patience in the face of uncertainty and setbacks.

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Description

Explore the principles of long-term planning through business strategies and biblical stories, particularly focusing on enduring faith seen in the story of Job. Learn how patience and altruism can drive success and guide decision-making, even amid challenges. This quiz connects practical business lessons with moral and spiritual teachings.