Moral Compass

Ancient travellers used compass to direct them to their destination. It would be easier for us to go on a path if something or someone is guiding us. Wouldn’t it be nice if business people could have this moral compass that can point us to an ethical direction?

Ethics is the activity of examining ones moral standards or the moral standards of society, and asking how these standards apply to our lives, reasonable or not. There are a lot of reasons why we should believe in Ethics and Social Responsibility. Here’s why:

1.      Ethics tells us how we should act towards other people.

One should always consider how he/she act towards other people from the highest position down to the lowest. Respect begets respect. Thus, we must be a great example of showing our respect and compassion to others.

2.      Businesses cannot survive without ethics.

Ethics creates harmony within the organization. Business requires a stable society in which to carry on its dealings whereas morality is a stabilizing force in the society.

3.      Ethical behaviour cultivates goodwill and loyalty among employees and most especially among the customers.

Employees involved in designing and implementing a socially responsible program in the company develops important skills that allow them to grow outside of work.

Customers love socially responsible companies. They would be willing to pay more for goods and services from such companies.

4.      Businesses can have exemplary ethics and still be very profitable.

Ethics can build a good reputation for the company. Consumers will start to patronize their products or services and could also lead to customer loyalty. Due to their favorable reputation, the company can attract better applicants, enhance its access to capital markets and attract investors.

       We, business leaders should be a great example of this ethical practice not because of the benefits we receive from it but because we want to serve and give back. Together, let us make a difference in the world. ☺☺☺


sources:
http://www.happylawyersblog.com/files/2014/02/moralcompass.jpeg