Business Ethics: Is This an Oxymoron?
Are the words business ethics an oxymoron? They can be, if you’re telling a joke and that’s the punch line, but in the real business world, shameful practices of business ethics are rampant. It’s possible to avoid the temptation and instead rely upon your name, your product, and your personality traits to ensure your business ethics remain in tact.
In the day-to-day operations of running your business, you can be faced with personal business ethics, legal ethics, and plain old business ethics. How you choose to handle these depends upon your character, your willingness to be profitable yet trustworthy as well as honoring what you say you’ll do for a customer, vendor, employee or professional associate.
There have been some famous business ethics cases and here, we’ll take a look at personal business ethics, business ethics, and legal ethics and how, when violated, they can play a big part in business, often a very detrimental part.