May
23
We have seen Conrad Black, Martha Stewart, Enron, Tyco, and countless others in the headlines as their career or business is examined to see “what went wrong?” Newspaper headlines scream about insider trading, companies cooking their books, and other scandals involving business executives at mostly major corporations. Even today, many are questioning the ethics of lenders and investors in the sub-prime market as people are losing their homes to foreclosure and investors are losing their money through direct or indirect involvement. Why was money lent to people who could not afford payments when normal market rates would come into effect? Why would lenders package these loans without identifying the inherent risk of them to the purchasers?
May 23, 2008
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May
23
I believe that all of us can be honest if we really want to. It is not something that comes naturally to us, because we are selfish creatures, we are apt to only think about ourselves and what we can get out of the situation. Well if all of us take that attitude we are in a pitiful shape. I am a business owner and i have purposed in my business that i will have integrity and honesty in my dealing with my customers. I will work to the end to make sure that what i say, that i will do, and what i sell i will stand behind. I will not sell a product that i can’t get behind 100% and know that the quality is good for me and for my customers. So many times we think that we need to sell anything in order to make a dollar, well that is not true for me.
May 23, 2008
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May
23
Ethics is not an easy path, in most cases, nor is it a path taken by businesspersons without thought or consideration. That is not saying that ethical decision-making is complicated (although in some cases it may be confusing and culturally complicated, and we shall think through that), but even decisions that are not complicated are not always easy courses to take. Let’s take a close look at some of the kinds of situations and events that may arise in the ethical daily travels of a businessperson and consider whether the right choice is easy, or not. As a side thought, remember that some ethical and moral decisions are small in the grand scheme of business, but those decisions, like a dripping faucet now, can become a flood later.
May 23, 2008
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