Business and Finance System

Posts Tagged ‘Business Ethics’

Talking about Business Ethics is immersed in a subject that some believe should be in the attic of ideas or in the basement of the talks without practicality. It is easy to see in any library that the emphasis is not just to combine business and enterprise development and ethics. In fact to go a library is difficult to find publications that discuss the issue, although the amount does not necessarily indicate anything definitive, at least mark a trend.

To win it and make a profit rather than short or medium term, but in a project that lasts over time, ethics is undoubtedly one of the fundamental ways.

Effects of ethics and business associate
1. Build trust. When Ford, in 2000, decided to recall 1.4 million cars from defective seatbelts installed in the driver’s seat and front passenger, not only did it not to be exposed to a flood of lawsuits but to avoid creating an image that was finally risky business for the company. Acting on solid ethical principles and non-utilitarian or Machiavellian, builds trust among consumers.
2. Produce profits. The companies want to sell their products, however, when you want it at all costs, without regard to ethical principles, which ultimately produces a decrease in consumption. Consumers eventually will understand that act under a certain pattern unethical is not a good business.
3. Creates a pleasant working environment. When workers feel shame or rejection by the work you do and what the company makes for a business, then it creates a situation of bad atmosphere at work where there is absenteeism, refusal to compromise with the company, socabar successful efforts, including sabotage. An employee pays more when is proud of his company. It is a constant psychological motivation pride.

Ethics, good business
Acting with universal ethical principles based, is ultimately a good deal. Generate positive attitudes in people to know that companies act according to ethical standards clear and transparent.

It is necessary to deep reflection about the problem. It is also important to encourage more strategies to educate new generations in different ways to address the business and development without neglecting the ethical sense.

When honesty is the best investment
Business Ethics and appear to be diametrically opposed to a fruitful dialogue. However, each day becomes more aware that integrity and profit can go hand in hand.

Often common belief that ethics and business do not go together. Even some often say, half jokingly half seriously that “if we do business, then forget the ethical principles.”

Other, less drastic, talk about a particular ethic to the business world with its own rules and principles do not apply in the everyday world. To what extent is this true? What can you say about the relationship between ethics and corporate business world?

Awareness of a problem
It is known what happened to Enron in the U.S., that the November 8, 2001 acknowledged having used inappropriate practices for more profit. Some of its executives were indicted for participating in maneuvers of fraud, money laundering, misuse of confidential data and conspiracy.

In March 2002 the company Adelphia Communications, the fifth largest cable company in the U.S., announced its bankruptcy and its top executives were accused of using company assets as collateral for personal loans. Several former executives were arrested on charges of plunder and fraud of more than 1,000 million dollars and lead to the bankruptcy of the cable TV network. The directors of the company through partnerships ghosts, emptied financial assets of the firm, to the detriment of shareholders, investors, suppliers, tax authorities and the public.

With bad practices, pay for the sins
These and other recent incidents have put the issue of ethics in the table. As Lerner notes, the reality is that “the problems of values and moral attitudes are occupying an ever greater reflection and corporate power.”

What is striking is that criminal activity has reached the highest levels of several companies, securities firms, accounting firms and auditors and other major firms. This has led to only a few dishonest people have damaged the reputation of many honest companies and executives.

In general, the principles applicable in a real good business can not be separated from our lives as human beings, and these principles are closely related to the value system adopted by each community.

Sonny Keraf (1998) explains, that the principles of business ethics as follows;

* the principle of autonomy, is the attitude and the ability of humans to make decisions and act upon an awareness of what is considered a good thing to do.
* The principle of honesty. There are three scopes of business activities that can be clearly demonstrated that the business will not last long and successful if not based on honesty. First, be honest in fulfilling the terms of agreements and contracts. Second, fairness in the supply of goods or services with comparable quality and price. Third, be honest in internal working relationships within a company.
* The principle of justice demanded that everyone be treated equally in accordance with the rules of fair and rational criteria for objective and reliable.
* The principle of mutual benefits (mutual benefit “principle); demand that business is run in such a way that benefits all parties.
* The principle of moral integrity; mainly internalized as the internal demands within business or company, so need to run the business while maintaining the good name or leader of his people and his company.

Read the rest of this entry »

Day after day we are as difficult to get a good business idea, this is due to increased competition, a way to get great ideas to achieve business is through the internet.

One of the ideas that I found online was the collapsible toy designs made of wood, and wood is one of the easiest tools of manipulation and even economy.

In the market find much variety of tools including beds, tables, chairs and even toys, but sometimes little toys are designed separable. Read the rest of this entry »

Personal budget is a document that records all incoming and outgoing person, this budget is developed to handle money properly, especially debts.

In order personal budget allows us to assess the need to have a higher income or if you need to limit debt, but also allows to identify what we are doing unnecessary expenses also allows the creation of a savings .

Then teach how to design a personal budget.

1. Identify income and expenses

The first thing to do is to determine all income and personal expenses during the month, in turn must be identified and classified according to their origin (employment, services, food, investment, etc.). Read the rest of this entry »

Idea of education today has advanced so much in the sense of obligation that people should know systems and at least one other language. This is all due to globalization, since the needs have changed dramatically and we are in constant evolution.

Today, learn another language will become necessary due to be maintained daily communications with other countries. For this reason, European countries tend to give teaching another language from an early age.

All this has been done due to the constantly changing world, but also because it is scientifically proven that children can easily learn another language in a short time compared with an adult. Read the rest of this entry »

Investing in the stock market or stock markets is a great idea for the profitability of all the savings we have. Investing in the stock market can be a very exciting activity, it is also a very good way to get revenue, what we represent a good return. Worse, we can not forget that investing in the stock market is also a high risk activity.

To invest in the stock the first thing to know is that the stock market is an institution that aims to open the business people who want to invest money to grow these. But with the intention to receive dividends from the profits they generate.

Investing in the stock market means you buy a stock of a company. The actions are what divides the entire capital of a company or business. The values of these are given due to the evolution of a company or the collapse of this.

When a company needs money to accomplish all their goals or simply to grow offers shares in the stock market. And people when they need to recoup their savings and they want to try to generate large revenues to invest in the stock in order to achieve this profitability. Read the rest of this entry »

Ethics defines a large part of our personality, is what determines our behavior, moral values and principles. However, this word is extremely complex, since what may be “good or bad” for one person, it is so different for another. We were educated and trained differently, grew up in an environment and a different family environment, from small grasp the rules according to the way we are taught.

However, how do we relate to business ethics? Every day we go out and face a world different from ours. We believe that doing our job well, that we are honest with others and in our work environment “never” have been the subject of some scandal (fraud, manipulation, espionage, conspiracy, misappropriation of funds).

The problem is when we found partners, clients or colleagues that differ from our ethical behavior. In this case, we get carried away by the attitude malicious or decided to retain our position?