By Robert C. Solomon
Is enterprise ethics a contradiction in phrases? completely no longer, says Robert Solomon. in reality, he keeps that sound ethics is an important precondition of any long term company, and that excellence in company needs to exist at the origin of values that the majority folks carry expensive. Drawing on 20 years of expertise consulting with significant businesses on ethics, Solomon clarifies the tough moral offerings every body in company face. He makes use of an "Aristotelian" method of remind readers corporation--like an individual--is embedded in a group, and that company values resembling equity and honesty are meaningless till reworked into motion. and not using a base of shared values, belief and mutual advantages, modern nationwide and foreign company international may collapse. according to his conviction that advantage and revenue needs to thrive jointly, Solomon either examines the ways that poor values really smash companies, and debunks the pervasive myths that inspire unethical enterprise practices. whole with a operating catalog of virtues designed to demonstrate the significance of integrity in any company scenario, this compelling instruction manual encompasses a gold mine of knowledge for both the small enterprise supervisor or the company government suffering from moral concerns.
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Additional info for A Better Way to Think About Business: How Personal Integrity Leads to Corporate Success
38 "Profit" is an economist's term. It is not merely an increase in wealth, and it is not what one earns when one works for a living. " Profit is, technically, what is "left over" after all costs have been paid. In practice, profits are often what the board or the boss says that they are. But profits are neither "natural" nor a motive.
In a business society, like it or not, we are all players. There is too much at stake for too many people to think of business as merely a game. In finance, in particular, transactions too easily seem like games because of the level of abstraction of the activity. ) It takes some imagination and attention to appreciate the effects of market speculation and fiscal policies on flesh-and-blood people. Insofar as finance merely deals with numbers, it is easy to see the figures on the market sheet as nothing more than a scorecard.
Do we want to put our trust in someone who proclaims that his leadership is based on Machiavelli's principles? Would an employee be impressed by and loyal to a boss who believed, as Machiavelli famously writes, "Tis better to rule through fear than love"? Or isn't that the infamous "boss from hell"? Would you want to do business with someone who was described to you as "Machiavellian"? Why do we honor, even celebrate, such behavior? Given that the principles of good leadership and management are more or less perennial, despite the new vocabularies and buzzwords that populate the monthly fashions and best-sellers, do we really want to take our cues and hitch our reputations to the most vicious and corrupt societies in history?