Business Ethics in a Time of Crisis
March 25, 2009 by Marist Poll
Filed under Featured, Money, Money and Morality, Money Vault
The tumult of the American economy has reverberated in homes, workplaces, and boardrooms and has left few untouched. Business Ethics in a Time of Economic Crisis surveys Americans and top level business executives to understand their opinions and reactions to the events which have shaken Corporate America.
Undertaken by the Knights of Columbus in partnership with the Marist College Institute for Public Opinion, the study looks beyond the headlines. This report presents the findings from two quantitative surveys: one which spoke with 2,071 Americans, and a second which interviewed 110 high-level business leaders.
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Is there any ethics in business? Want i know about business is you do whatever you need to do to win the game. That is the rule is it?
I wouldn’t say there aren’t any ethics? It seems that way because the internet has allowed ANYONE to be able to embark on any type of business … pretty much making everything easy – even for scam artists. But also, just know that there are literally millions of businesses and just because we hear about a couple bad apples doesn’t necessarily mean they are all bad…
I would have to agree with Jon on this one.
Business ethics is something businesses need to focus on. Especially after the financial crisis consumers have lost faith in most big businesses out there. There is need for restructuring or re conceptualizing their strategies.
Business ethics – in its purest form – is what our great grandparents knew by another name: honest and trustworthiness when engaging in b2b or b2c transactions. If you were a shopkeeper or a CEO – you were honest about the goods or the services you provided. Its something that can be both an academic discipline (to keep up with the complexity of the times and newer business models) and the old-fashioned way.
You really have to be strong both mentally and financially in time of business crisis to sustain the pressure.
regards,
JIMMY
There are ethical businesses out there, just as there are unethical. We are living in an age of increased transparency – though it might not seem so at first blush. It’s a lot harder to keep things secret these days, so the big corporations that have benefited from shady business practices are falling. It’s a good thing, a natural process in the pruning of business. Hopefully, those that follow will learn the lessons.