This morning, I read about a company using on-line auctions to defraud customers. Negotiations between businesses could be accomplished with more consideration for the other company in mind, which would only help both. It may even be against the company’s policy that relates to how employees interact with customers. Not only will the community take note of the ethical nature of a business but also so will customers.
Social learning theory provides more hope that business ethics can be taught. In the past it was assumed that all that had to be done to ward off bad behavior and unethical practices in the financial industry was to put in place regulations to help guide and encourage ethical behavior in the marketplace.
The issues of business social responsibility, ethics, and environmental protection are on the agenda of modern companies.Social responsibility of business ethics and environmental protection are equally important and urgent tasks of modern business than the financial performance of the organization or the pay of top managers, because the issues of corporate responsibility are able to provide the same impact on business reputation and business value, as well as standard indicators of economic growth.
Market America’s business model is based on the business model of any other Multi-Level Marketing (MLM) company, except it is unfranchise and a little complicated. It is important that you take the time to develop your own sound business ideology, as it relates to ethics.
Although it is rarely the conscious intent of a business to harm the public interest, reality dictates that the businesses ability to increase profits will determine its success. Bad ethics and dishonesty, greed and rudeness do not help a business at all, and the business will collapse when the customers all go elsewhere, or when the whizz kid crookery is found out and punished.