Ethics are so important in business, yet also so boring and dull. Most people can’t identify their ethics or what drives them so how can they make the right decisions?
A recent article regarding the Dick Smith company talked about how venture capitalists made huge amounts of money. But at what cost? They essentially stripped Dick Smith of all its assets and sold it off to an unsuspecting investors (typically Mum and Dads who know the brand). It is now in the control of administrators. While the vanture capitalists made a stack of money for the few, what damage to the many?
A recent Forbes article talks about how a recent Gallup poll rate corporate executives near the bottom when measured on ethics and honesty. It goes on to show how the ethical approach is the more successful long term. That business is seen to lack ethics and are not to be trusted is a poor indictment on businesses today.
I make my decisions based on my core values. Those are to Inspire, Energise, Influence and Have Fun. They guide to do what is right for me and to better serve others. Those who have registered for the 2016 Kick Start later this month will go through the Values exercise to determine what counts for them.
So what about you? What counts for you? How are your ethics? What do you do when no one is watching? What do you base your decision making process on?
Do people trust you, but more importantly, can you sleep at night?