Strong ethics are good for business
An article I recently read starts out by discussing the effects that the Sarbanes-Oxley Act had on ethics in the business world. The author states that the act really has not helped with businesses practicing unethical behaviors. The article goes on to say that even though the act did add some discipline to the business world, it will never be able to fix the problem entirely. A company will have the same ethical behaviors as its top managers do. If the top executives tend to be unethical, the rest of the company will follow. Many people in the business world tend to think that sooner or later a company will have to make an unethical decision to be able to compete, but the article tends differ. It says that if a company will have strong ethical and moral principles it will be more successful than if it were not to have them. People that do business with you will want to be sure that they can trust you. In order to keep a long term relationship with customers and suppliers you should always make ethical decisions. Every action has a consequence, for good or bad. If you are not ethical and don’t see any negative consequences right away, don’t worry, it will catch up to you someday. In other words, always do the ethical thing.
Posted by TR at 2/22/2007 07:53:00 PM