Does Ethical Behavior in Business Bring A Financial Return?
Understanding that business ethics IS an intricate part and perhaps even an extremely critical tool
for companies to realize the full impact of its’ value, within their business
model. It is my personal opinion that
having a defined ethical behavior strategy will to help to enable more revenue,
higher profits and in general a more successful company.
Realizing that the Merriam-Webster Dictionary defines “ethics”
as: “the principles of conduct governing
an individual or a group” [i.e. business ethics, professional ethics, work
ethics] here are some additional pointers or thoughts for you to ponder:
A.
Be open for new ideas because if you are
involved with improvement and change you are standing still.
B.
Continually ask for opinions and feedback; this
should include your customers, vendors as well as your employees.
C.
Truthfulness in Business; According to the Merriam-Webster
dictionary, the definition of trust is: “assured
reliance on the character, ability, strength, or truth of someone or something.
D.
Become involved with customers, vendors,
employees and community because familiarity in a key component to being
trusted.
E.
Be respectful of other, regardless of
differences, status in the company or community, age or other comparable
distinctions.
F.
Achieving your promised obligations is paramount
to gaining trust with current customers; and amazingly it will help you regain
past customers once they realize your commitment to meeting your promises
and/or obligations is valid and in practice.
So the two big questions for you: “do you measure up?” “Does your company measure up”
Have a tremendous week and if I can be of any assistance,
please call or write and I will respond immediately! Remember, your comments or suggestions are
always welcome.
Regards,
George F. Mancuso, CPC
President
Client Growth Consultants, Inc.
ClientGrowthConsultants.com
