Business Ethics Or Just The Golden Rule
A recent Business Week article titled Just Say No to Drug Reps focused on how pharmaceutical companies influence physician behavior through free donuts, bagels, lunches and dinners. The clearer the company’s plan for growth, stability, profits and service, the stronger its commitment to ethical business practices. In business and in our everyday life, Courage is rarely impulsive but results from self-conditioning – a history of calculated bold moves based on firm convictions.
However, when each manager and employee understands the organization’s priorities and has specific information about how they contribute to them, and those contributions are directly aligned with related contributions firms, can achieve improved teamwork and performance.
Several individual factors influence the level of ethical behavior in an organization. That is to recognize that continued public trust is based on the commitment to high ethical standards within the company and that speaks to the equally high standards of the individuals within the company.
In many cases it takes raw courage to be honest, but out of the troubles that businesses go through, it’s reputation grows, and businesses with good reputations are successful businesses. Companies with strong track records of ethical, responsible behavior have the most to gain from a well thought out system to assure the cultivating of ethical corporate culture.
If your company is new, unstable, about to be sold, or going out of business, ethics requires that you let clients and customers know this. Companies which conduct business in an unethical manner run the risk of harming not only its stakeholders, but also the general public.