About Ethical Business Decisions: Do Ethics Play Into Your Business Decisions?

Do ethics play into your business decisions? The chances are very good that this is not a question that you have asked yourself, and it is also quite possibly a question that nobody else has ever asked of you. However, if your business is going to be successful, or retain any successes that it has had in the past, ethics must absolutely play into all of your business decisions.

Too often, the general public believes that all business decisions are based on the company’s bottom line. Unfortunately, it is unethical companies who have given the public this perception; however there are countless companies in existence who actually put ethics ahead of the bottom line – successfully. Is your company one of these?

Here are the facts. When a business is not conducted in an ethical way, it fails. It may not fail quickly, but in the end, it does fail. Enron is an example of this. The credit crisis that we are currently facing is also an example of this. Neither of these industries adhered to any type of ethical code, and while the credit industry has not completely failed to date, it is in a steep decline, causing economical situations that include foreclosures and lay offs at an alarming rate.

Ethics , as a whole, covers numerous areas of the business world, and even numerous aspects of your company. Ethics should be used to create policies that cover human resources, marketing, research and development, accounting, public safety as it relates to your products or services, and so much more. When you create policies that are originally based on your own ethics policy, you are actually putting ethical business practices ahead of your bottom line – but you will find that in the long run, you actually end up profiting more.

Whether you believe in karma or not, there are those who believe that operating a business by an ethical code is much like basing your actions on the law of karma. With karma, whatever you send out – good or bad – comes back to you three times over. When you operate your business by ethical standards, you will find that karma really does play into this, because even if it appears that your ethical decisions do not raise, and possibly even negatively affect your bottom line, over time, that bottom line will be dramatically increased, simply because you made ethical decisions.

Hopefully, when you make business decisions, ethics dictates that you should base those decisions on what is best for your community and society as a whole first. Following this, you must consider your employees and your customers. The bottom line should only be considered after these other considerations. After all, people really do matter more than money, and as a business owner making business decision, you must ensure that all of the decisions you make not only avoid harming people, as a whole, but preferably that they somehow benefit the human race as a whole as well.

This and other topics that deal with corporate communications, business to customer relationships, and sales training through Collective Vision are just some of the topics discuss.

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From Jed A. Reay – The Communicator/Connector and Visionary Master Sales Trainer.

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Tags: ethics, work, business, benefit, point