Ideas play an essential role in our daily lives. It gives us an edge to improve and excel in different fields. Ideas also play a vital and pivotal role in business too. Amazing ideas can lead a company towards better earning and growth. The key to the success of a business is to have developed and integrated designs, which might include close analysis of the competitors, targeting a specific audience as per the nature of the product, mission and visions should be indicated. Above all, everything should be well-drafted.
There are many benefits of good ideas for the business such as creative ideas lead towards building network and associations within the market, strengthens the brand name, generate active and passive income, expands the business and strengthens the economy as a whole.
On the other hand, sometimes these business ideas can be proved dangerous for the world as well, even if they look innocent enough from the surface. Here are a few factors:
Destruction of Humanity and Nature
The greed for maximizing profits leads to the destruction of humanity and nature. These profit-maximizing ideas are based on threats to humanity and nature, which is what most defense companies are doing. They are producing weapons, and their excuse is to protect humanity, but in reality, they are doing the most destruction.
Polluting the Environment
Industries are polluting the environment causing health problems for the citizens. One notable example is the fast fashion industry. Most of them do not comply with environmental standards and pollute the water with their fabric dye. Even if their tags claim that they are environmentally friendly, the reality is that they are hazardous for the world.
A Threat to Existing Economy
Remember when fax, landline, and floppy discs became irrelevant with the technology advancement? People with existing jobs became irrelevant due to technological advancement. However, one could argue that this is a great thing for humanity as things are moving at a faster pace now.
Harmful for Human Health
Business ideas such as manufacturing cigarettes are harmful to human health. Startups who are inventing vapes need to grow their market share, and they are recruiting customers from the teenage population. Although the market to be for people who are quitting smoking, they are producing addictive fruity flavor vapes causing teenagers to be addicted to their nicotine products. A recent survey shows an alarming rate of 24.7% of teenagers is addicted to vaping.
Mind-blowing business ideas such as penetrating in other markets by low balling can create rivalries on national and international grounds. This can affect the economy politically, socially, and economically. It can also cause severe tensions between trading countries in the world.
Promoting Immorality and Indecency in the Society
Some of the entertainment businesses can seriously affect and shape our society. This doesn't even need to be traditional Hollywood and blockbuster movies that affect teenagers. It was proven that social media affect teenagers, and recently, Instagram admitted that it didn't confirm the age of its users. Think about the many influencers on that platform that probably have been displaying inappropriate behavior to children under 13.
Although there are side effects to businesses, some are milder or could be a better side effect than others, some are positive, and some are negative. The examples used in the effects above all look like typical businesses, but all have some serious side effects.
There are always advantages and disadvantages of what we do and pursue. This is why it should always be kept in mind that we should always strike a balance between right and wrong. Set the year right and change the world for the better instead of being too dangerous for the world.
REFERENCES AND CITATIONS