![]() ![]() ![]() As American investor and business magnate Warren Buffet advises, "It takes 20 years to build a reputation and five minutes to ruin it. Although the bottom line may improve in the short-term, the long-term fallout from organizational and possibly public disapproval may prove fatal to the executive's reputation and the organization's sustainable success. 1 In other words, company morals can have a big impact on a business's success.įor example, by engaging in unfair or questionable business practices purely for the sake of profit, an overly ambitious business executive with little regard for business ethics is courting disaster. Thus, the fate of an employee, and perhaps the organization's fate, could rise or fall according to the perceived integrity of decisions made in the workplace. From the worker on the sales floor to the business executive in the corner office, decisions made on the job are typically judged by a much larger number of people than personal decisions. ![]() ![]() Business ethics are similar in principle to personal ethics, but have much broader consequences. A set of moral values or a personal code of ethics can serve as the guide for judging between right and wrong in your daily life. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |