Business Ethics

Ethics in business has become big news over the past several years. We read about the escapades of the executives at Enron, WorldCom and other major companies and shake our heads in astonishment thinking, “How could that happen.” We marvel at the unethical behavior of these leaders while at the same time never considering our own behavior.

The truth is that business leaders, regardless of the size of the company, are faced with ethical pressures everyday. The scale or impact of the ethical decision may not measure up to the likes of an Enron, but nevertheless, they do exist. How a business leader handles minor ethical issues is a precursor to how larger decision will be made as the business grows.

Many of the ethical issues we may face are not clearly black or white. In fact, two people faced with the same issue could quite possible make contrary decisions, while believing they each have made the best ethical decision. Why? Because ethical decisions are based upon one’s moral character. When it comes to moral behavior, we each march to the sound of different drummers and as such will make different decisions on similar issues.

As a business owner you must set the bar on ethical behavior. Make integrity a core value, be honest with your customers and employees, always follow the rules, never compromise your principles, and remember that the right thing is not always the opposite of the wrong thing. Do these things and your customers will respect you and your employees will remain loyal, essential ingredients to a successful business.

To Your Success -

Rick is a recognized business advisor and consultant. He specializes in working with small to mid-sized business owners to strengthen their business processes and ultimately grow their business. Rick has been accredited by the Institute for Independent Business, an International accrediting body for senior executives.

Rick holds an MBA from the LeTourneau University located in Longview, Texas.

Rick Stephens is the Principle Advisor of the Consulting firm RG Stephens & Associates located in Plano, Texas. Rick offers business owners the opportunity to meet confidentially to discuss any business issue they may be experiencing. His initial meeting is always free and without obligation. Call him at 972-578-7895 or via his website at http://rgstephens.com to arrange for an appointment.

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One of the biggest business myths is that business ethics is an oxymoron. There are some that would say that business is a big competition, a competition where business people are competing for a limited prize - success, money, power - and thrive achieve it by any means possible, including advancing your own personal interest at the expense of others.

Do you agree? Is there no room for etiquette in business? Is corporate social responsibility an oxymoron?

Take the following two anecdotal examples:

• Kenneth Lay’s and Jeffrey Skilling’s personal greed brought an end to Enron and killed thousands of jobs.
• The Bill and Melinda Gates Foundation is endowed with over $29 million, mainly consisting of Gates’ own money. The richest man in the world, Bill Gates, has a social conscience. Do you think he made it to where he is by conniving and cheating people. I think not.

Do you still think business ethics is an oxymoron?

Who would you rather have as a business mentor, Bill Gates or Kenneth Lay? Bill Gates has a track record of corporate social responsibility and Kenneth Lay is quite the opposite.

In my view, a socially responsible business, all other things being equal, will be more successful than one that is not. A good reputation is important in business and a business with a good reputation will have loyal customers. The opposite is true of businesses that perform bad business etiquette.

Be good. Your customers will thank you for it.

Tino Buntic invites you to visit TradePals to receive free sales leads without cold calling.

Tino enjoys reading blogs and one of his favorite blogs is the Business 2.0 Blog.

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RFID stands for Radio Frequency IDentification.

Its supporters tout its amazing power to streamline it supply chain. I am in agreement with those supporters. RFID will significantly increase the efficiency of supply chains. The problem with RFID is that the RFID tags will be released into the world and become a privacy and security nightmare.

I think that the true potential of this technology is as big as the internet. That is a bold statement, but think about it. The internet is electronic content in small pieces linked together. RFID taken to its logical limits becomes the internet of things. Imagine if every thing made in the world could shout out its existence. If you have enough RFID scanners and internet capacity you could place every man made object in its GPS location. Get your mind around that for a second. Every manmade object with real-time global placement.

This ends many things: cash, theft, and privacy.

Why would world wide RFID end cash? There would be no need to exchange currency because all of everybody’s possessions would be tagged. You go to a store you pick up what you want and then you leave. No stopping at the cash register (the cash register will be a relic like the slide rule) the RFID readers at the door know who you are and what you came in with and what you are leaving with and will debit you cash at the bank or put it on your credit card.

Why would word wide RFID end theft? Why steal anything the police will just pull out their PDA and find the item and arrest you. Also don’t try to cheat on your taxes the government all ready knows what items you posses.

The end of cash and theft sound like a wonderful ideas, but remember someone knows all that you have purchased where from and how much you paid. Do you want your child or boss to know every purchase you have ever made. Better not pick up that resume book at Barnes and Nobles because you boss who subscribes to a futuristic RFID listing service will be able to know you are looking for a job. I hope you never have an ex boy or girl friend track you down with the serial number from that pair of jeans they bought you. True world wide RFID is the “Internet of Things” (term taken from the book SPY CHIPS and website www.spychips.com) will end privacy.

Now governments are putting these RFID Chips into Passports and Drivers license. Public schools are tagging your children so they will be able to know who sneaks away for an unauthorized bathroom break. They use the same technology on your kids as ranchers use on their livestock. A government agent will be able to follow you around town from the comfort of a Fort Meade computer center. The potential for abuse is staggering. I feel that this issue is as significant as Cloning but it is not getting the press in the mainstream media. This is because the mainstream media is bought and paid for by corporations pushing RFID.

I am a Conservative Christian Business man. I believe in the right of business to make a profit if they work hard enough. On this issue I find my self allied with the far left fringe. This is because business is looking at the short term bottom line and not the long term effects on the world we share. Who wants to live in a world without privacy?

I call on businesses to think about your RFID strategy and its effects on the world we live in.

Brian Davis - Privacy Expert

Consumer advocate

http://www.DSBSecurity.com/

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