Doing business in an ethical manner is something that can help bring many advantages to your business. This is something many people do not understand. We all know that is is all to easy to choose the low road. Being focused on immediate gains is usually most people’s primary objective. It is amusing that this behavior is not restricted to the lone blackhat IM marketer trying to game the SEO system. The ethics of many companies and corporations have been seen throughout the years. When you get to that point, it’s all about making a decision based upon your conscience. Doing things the ethical way is what you want to do. Here are three compelling benefits to doing things the right way.
First of all, if you are running an ethical business, it is much easier to maintain positive attitudes with your employees and be much more productive.
Why does this happen? There are many reasons for why this occurs. But to focus on one of them, let’s remember that workplace stress and negative distractors will have a negative impact with productivity. When your workers feel that the company is very positive, they will work much faster and be much more productive. A management team with a reputation for adhering to ethics will have employees who are more willing to contribute to what needs to be done. The quality of the work will suffer if you try to get your employees to be more productive through implied threats, so this is probably not a good option.
The company states publicly that they have a particular ethical position, it is quite obvious when they have chosen the opposing viewpoint, making a decision that is not in line with their policies. Throughout the years, many consumers have lost faith in corporations that have done just that. When you see companies that make decisions based upon the standards that they have professed, they have an advantage over other companies. There are intangible and concrete benefits to making such decisions, most of the time leading to a very positive public image. The company will more than likely have loyal followers for many years to come. This will increase word-of-mouth advertising and lead to greater profits. Simply stated, companies will reap what they sow due to this cause and effect.
Companies that tend to have legal issues are the ones that are usually the most unethical. The fines that are placed upon companies after litigation usually cause them to fold up or file bankruptcy because of the financial burdens. As long as you are ethical in the way that you conduct your business, this is something you will not have to endure.
So when you are unscrupulous in the decisions that you make, your unethical conduct may be investigated, and you will be judged by all those looking as being guilty, even before the investigation starts.
The ethics of the company, and the decisions that they make, good or bad, usually comes down to risk management on the part of those in charge. Sometimes they think about the risk of being caught doing unethical things, and how likely prosecution may actually occur. In a courtroom setting, a smaller business or solo entrepreneur are not going to fare as well as a large company. Regardless of the size of the company, or the person making the decision, risk management is usually what causes people to choose negative ethical behavior.