Ethics in Business...A Lost Art

While watching Face the Nation one Sunday earlier this year, Bob Schiffer discussed the airline industry, his mother and ethics in business. Like Bob, I think it is a sad commentary today, that we have to police businesses. Whatever happened to going into business to provide a needed service, being loyal to employees, and keeping promises.

It seems like no one today is concerned about doing good business or being ethical in the process. Our forefathers would be ashamed at what this society has come to. I know I am.

Chuck and I teach our students how to run a good business, by being ethical, and making sure that everyone is happy. We run our business using the adage, "The customer is always right". We know, however, from looking at others in business both on and offline, that we are in the minority. For most it is all about making money. They don't care who they have to step on, how many lies they tell, just "show them the money". As I pointed out in my article regarding "The Almighty Buck", this should not be your only incentive for going into business, and if it is, you won't be in business long.

We see sites every day that you can't find a telephone number on, an address for, they just want you to take it on faith that they are on the up and up. Years ago, a business would never even think of operating this way. Their name, address, phone number, slogan etc. was very prominent on everything they did. Unfortunately today, you can't take people on faith anymore. It's very sad, but it seems if you do so, most of the time, you will get burned.

Years ago, companies were known for their honesty, their integrity, and their good products. They had to be to stay in business and keep the good image they wanted to project. This gave their company a good name. As many of you know, we come from New York. Kodak, Grumman, and IBM were major companies in down and upstate NY. If you got a job with them you had a job for life, and once you retired you didn't have to worry. Today, people are losing their medical benefits, their pensions, their life savings; due to businesses thinking of only the bottom line.

Every time you open a newspaper or watch the news today you hear about another business' unethical business practices. They cook the books, take bonuses they don't disclose, while they expect employees to work for less. There is something very wrong with this picture. It also says to our future entrepreneurs, that this behavior is alright, just don't get caught.

Like Bob Schiffer, I'd much rather go back to the time when businesses dealt with us in an ethical manner and didn't only concentrate on lining their pockets, like today. Also, like Bob, I think what we need are different teachings in our business schools. The philosophy of today's teachers, needs to re-vamped to reflect the philosophies of old. What we need is to "throw out the new, and bring back the old". As Bob said, if his mom was teaching today, students would get a completely different view...an old fashioned one. Kudos to Bob's mom!

Copyright 2003 DeFiore Enterprises

Ethics in Business...A Lost Art

While watching Face the Nation one Sunday earlier this year, Bob Schiffer discussed the airline industry, his mother and ethics in business. Like Bob, I think it is a sad commentary today, that we have to police businesses. Whatever happened to going into business to provide a needed service, being loyal to employees, and keeping promises.

It seems like no one today is concerned about doing good business or being ethical in the process. Our forefathers would be ashamed at what this society has come to. I know I am.

Chuck and I teach our students how to run a good business, by being ethical, and making sure that everyone is happy. We run our business using the adage, "The customer is always right". We know, however, from looking at others in business both on and offline, that we are in the minority. For most it is all about making money. They don't care who they have to step on, how many lies they tell, just "show them the money". As I pointed out in my article regarding "The Almighty Buck", this should not be your only incentive for going into business, and if it is, you won't be in business long.

We see sites every day that you can't find a telephone number on, an address for, they just want you to take it on faith that they are on the up and up. Years ago, a business would never even think of operating this way. Their name, address, phone number, slogan etc. was very prominent on everything they did. Unfortunately today, you can't take people on faith anymore. It's very sad, but it seems if you do so, most of the time, you will get burned.

Years ago, companies were known for their honesty, their integrity, and their good products. They had to be to stay in business and keep the good image they wanted to project. This gave their company a good name. As many of you know, we come from New York. Kodak, Grumman, and IBM were major companies in down and upstate NY. If you got a job with them you had a job for life, and once you retired you didn't have to worry. Today, people are losing their medical benefits, their pensions, their life savings; due to businesses thinking of only the bottom line.

Every time you open a newspaper or watch the news today you hear about another business' unethical business practices. They cook the books, take bonuses they don't disclose, while they expect employees to work for less. There is something very wrong with this picture. It also says to our future entrepreneurs, that this behavior is alright, just don't get caught.

Like Bob Schiffer, I'd much rather go back to the time when businesses dealt with us in an ethical manner and didn't only concentrate on lining their pockets, like today. Also, like Bob, I think what we need are different teachings in our business schools. The philosophy of today's teachers, needs to re-vamped to reflect the philosophies of old. What we need is to "throw out the new, and bring back the old". As Bob said, if his mom was teaching today, students would get a completely different view...an old fashioned one. Kudos to Bob's mom!

Copyright 2003 DeFiore Enterprises

Business Ethics: The Law of Corporate Karma

According to the shamanic traditions, the great mystery of being is that all things are alive and have a level of intelligence. This is because all things are a part of the Great Spirit. However, all things also function individually, in thought and action. It is in these individual actions that karma is born. Karmic laws also state that all karma, both good and bad, must also return home...return to sender!

Most of us don't have a good grasp of group karma. Simply stated, if you agree to be a member of a group situation, you are also agreeing to it's collective karmic pattern of return. So sooner or later problems at work, in your business or corporate structure will show up at your front door. It's like you caught the flu from the group...but now your personally ill.

As humanity grows in it's awareness...it also grows in karmic responsibility. So years ago many industries caused environmental problems, but were not aware of that fact. However, karmic law states all things must return home..........so these industries don't really exist today.....or operate in a weakened condition [ in the future they will not exist at all].

According to my spirit guides, there is a big push these days too clean up the karma of the global business world. We know from the news that many business institutions, and even very large corporations are in trouble these days..many will not make it through the heavy gate of karmic return. They will fail.............

On the brighter side, Spirit is not against business, but is really pro-business....so now what?The newer business model that is emerging is much more holistic. By agreeing to function more holistically, much less damaging karma developes.....and if you're really aware of all business levels...very little negative karma developes. So, if you're in a corporate or business situation, and things are not really going right...take the time to clear the issues up, before you catch the karmic flu!

Just at the environmental level, many things should be addressed....but just start by keeping your office or work space clean and organized....this helps clear out negative energy patterns. Taking it one step further...use Feng Shui tools and techniques if you know how. Or buy a book, hire a consultant or use trial and error to solve some of the ongoing issues around you at the job or business.

Ethics in Business - Please Have Some

Is your business ethical?

What I mean is "Does your business do the right thing when faced with that decision?" It's a simple question, which many businesses struggle with. I just don't understand the struggle part?

I have worked for companies that believed they were ethical, and really have no clue. Meaning the decisions they make everyday towards their customers and employees does not advocate ethics.

So, what is it? When someone in business gives you their word and then reneges, that is unethical. Your word is your promise. Even if it is your business making the statement.

Doing good business and being a good employer is more than your product or people, it is the guidelines in which you do that good business. I'm disappointed in how many unethical businesses exist today. I have worked for some of them and they just don't get it... they 'talk tough' but when the decisions are made I can't fathom what motivated them come to their decision? It was not necessarily 'doing the right thing'.

Yes, I know profits are pinnacle to most, but that IS NOT the bottom line! The bottom line is how your customer, partner, client or prospect walked away from their experience. What's so hard to get? It also helps you feel good about yourself and your business, and you should sleep better too!

Treat them the way you want to be treated... I mean it!

Don't say something you have no intention of backing up with your action. Keep your word in business, in compensation promises, in client promises, in doing good business. This is pinnacle!

I don't want to ramble here, but some businesses need a wake-up-call (yesterday). What puzzles me is why? When you do good business, you get more good business. I'm not just talking about the Enron's or Arthur Anderson's of the World, I'm talking about every type of business out there, in every industry.

If each one of us refused to do business with these unethical companies - we would have a lot fewer of them.

Be one of the ethical ones. Do good business, keep your word, don't venture into gray areas, and do the right thing! Sure, it will occasionally cost you something, but it will pay you back, and it won't cost you your dignity or pride or any client worth having. Isn't your business worth it? Or how about your personal reputation?

Try this: The next few times you're faced with 'doing the right thing'? Well, when you 'do it' - do it with extreme pleasure!*

*This will pay you and your business back ten-fold. Why? Because that person (customer, employee, client, etc.) is going to tell at least 3-12 other people (potential customers who like to be treated well too). Remember, you did it with extreme pleasure, they're not just going to say they received a refund, or a promotion, - they're going to be jumping up and down at how well their situation was handled!

- Make someone else's day! - you'll be surprised at how well your day goes.

I look forward to running into more good business out there - hopefully yours.

Remember - Doing good business rewards your business with more of it... we're all here seeking to do business with reputable firms, let's do just that.

The upside? If your business does good ethical business? Then you are already ahead of a good chunk of your competitors! There's opportunity here. Keep up the good work, partner with other 'like types' and only do your personal business with other more ethical companies, like yours. We could see a decrease in our unethical competition very soon.

Thank you for allowing me to voice my thoughts and encourage the type of business that helped this Country, it's people, and every business - Grow and prosper.

Good luck in your business promotions!

Top 10 Principles for Positive Business Ethics

This morning, I read about a company using on-line auctions to defraud customers. Last week, I consulted on an ethics complaint where a business coach betrayed a client's confidentiality. And, recently a Physician was convicted of insider trading based on information from a patient, a violation of both business ethics and her professional ethics.

Business ethics are the key to profits. If clients and customers don't trust you, and your business ethics, they will not do business with you. Would you buy from a company you didn't trust? Of course not!

Business ethics have become a hot-button topic. There are often ethical conflicts between making money, and doing what is right. There can be dilemmas about doing what is best for your employer, what's best for your own career, and what's best for the customer. Business ethics is about negotiating these mine-fields. Here are my Top 10 Principles for Positive Business Ethics:

1. Business Ethics are built on Personal Ethics. There is no real separation between doing what is right in business, and playing fair, telling the truth and being ethical in your personal life.

2. Business Ethics are based on Fairness. Would a dis-interested observer agree that both sides are being treated fairly? Are both sides negotiating in good faith? Does each transaction take place on a "level playing field"? If so, the basic principles of ethics are being met.

3. Business Ethics require Integrity. Integrity refers to whole-ness, reliability and consistency. Ethical businesses treat people with respect, honesty and integrity. They back up their promises, and they keep their commitments.

4. Business Ethics require Truth-telling. The days when a business could sell a defective product and hide behind the "buyer beware" defense are long gone. You can sell products or services that have limitations, defects or are out-dated, but not as first-class, new merchandise. Truth in advertising is not only the law, business ethics require it.

5. Business Ethics require Dependability. If your company is new, unstable, about to be sold, or going out of business, ethics requires that you let clients and customers know this. Ethical businesses can be relied upon to be available to solve problems, answer questions and provide support.

6. Business Ethics require a Business Plan. A company's ethics are built on its image of itself and its vision of the future and its role in the community. Business ethics do not happen in a vacuum. The clearer the company's plan for growth, stability, profits and service, the stronger its commitment to ethical business practices.

7. Business Ethics apply Internally and Externally. Ethical businesses treat both customers and employees with respect and fairness. Ethics is about respect in the conference room, negotiating in good faith, keeping promises and meeting obligations to staff, employers, vendors and customers. The scope is universal.

8. Business Ethics require a Profit. Ethical businesses are well-run, well-managed, have effective internal controls, and clear expectations of growth. Ethics is about how we live in the present to prepare for the future, and a business without profits (or a plan to create them) is not meeting its ethical obligations to prepare for the future well-being of the company, its employees and customers.

9. Business Ethics are values-based. The law, and professional organizations, must produce written standards that are inflexible and universal. While they may talk about "ethics", these documents are usually prescriptive and refer to minimal standards. Ethics are about values, ideals and aspirations. Ethical businesses may not always live up to their ideals, but they are clear about their intent.

10. Business Ethics come from the Boss. Leadership sets the tone, in every area of a business. Ethics are either central to the way a company functions, or they are not. The executives and managers either lead the way, or they communicate that cutting corners, deception and dis-respect are acceptable. Line staff will always rise, or sink, to the level of performance they see modeled above them. Business ethics starts at the top.

Ethics is about the quality of our lives, the quality of our service, and ultimately, about the bottom line. An unhappy customer complains to an average of 16 people. Treating employees, customers, vendors and the public in an ethical, fair and open way is not only the right thing, in the long run, it's the only way to stay in business.

Ethics in Business - Please Have Some

Is your business ethical?

What I mean is "Does your business do the right thing when faced with that decision?" It's a simple question, which many businesses struggle with. I just don't understand the struggle part?

I have worked for companies that believed they were ethical, and really have no clue. Meaning the decisions they make everyday towards their customers and employees does not advocate ethics.

So, what is it? When someone in business gives you their word and then reneges, that is unethical. Your word is your promise. Even if it is your business making the statement.

Doing good business and being a good employer is more than your product or people, it is the guidelines in which you do that good business. I'm disappointed in how many unethical businesses exist today. I have worked for some of them and they just don't get it... they 'talk tough' but when the decisions are made I can't fathom what motivated them come to their decision? It was not necessarily 'doing the right thing'.

Yes, I know profits are pinnacle to most, but that IS NOT the bottom line! The bottom line is how your customer, partner, client or prospect walked away from their experience. What's so hard to get? It also helps you feel good about yourself and your business, and you should sleep better too!

Treat them the way you want to be treated... I mean it!

Don't say something you have no intention of backing up with your action. Keep your word in business, in compensation promises, in client promises, in doing good business. This is pinnacle!

I don't want to ramble here, but some businesses need a wake-up-call (yesterday). What puzzles me is why? When you do good business, you get more good business. I'm not just talking about the Enron's or Arthur Anderson's of the World, I'm talking about every type of business out there, in every industry.

If each one of us refused to do business with these unethical companies - we would have a lot fewer of them.

Be one of the ethical ones. Do good business, keep your word, don't venture into gray areas, and do the right thing! Sure, it will occasionally cost you something, but it will pay you back, and it won't cost you your dignity or pride or any client worth having. Isn't your business worth it? Or how about your personal reputation?

Try this: The next few times you're faced with 'doing the right thing'? Well, when you 'do it' - do it with extreme pleasure!*

*This will pay you and your business back ten-fold. Why? Because that person (customer, employee, client, etc.) is going to tell at least 3-12 other people (potential customers who like to be treated well too). Remember, you did it with extreme pleasure, they're not just going to say they received a refund, or a promotion, - they're going to be jumping up and down at how well their situation was handled!

- Make someone else's day! - you'll be surprised at how well your day goes.

I look forward to running into more good business out there - hopefully yours.

Remember - Doing good business rewards your business with more of it... we're all here seeking to do business with reputable firms, let's do just that.

The upside? If your business does good ethical business? Then you are already ahead of a good chunk of your competitors! There's opportunity here. Keep up the good work, partner with other 'like types' and only do your personal business with other more ethical companies, like yours. We could see a decrease in our unethical competition very soon.

Thank you for allowing me to voice my thoughts and encourage the type of business that helped this Country, it's people, and every business - Grow and prosper.

Good luck in your business promotions!