- Alexander Solzhenitsyn
- Harvey Mackay
- Harvey Mackay
Ethics – the impact on your organisation
Making sure a lucrative contract lands in the hands of a friend or family member; keeping your prices ‘competitive’, despite knowing your product is of cheaper quality; and letting a certain employee get away with whatever they want because they are related to someone in upper management ...
It doesn’t sound so bad, but what will happen to your organisation’s bottom line when other employees are not afforded the same benefits or advantages? Taking shortcuts and unfair advantage of circumstances in business will impact profitability and staff morale negatively. And when staff morale is low there will be a decline in the quality of your output and the culture in which you work.
On the other hand, doing what is right in business has a massive positive impact on your organisation, your company’s reputation, and financial sustainability.
Ethics is all about being accountable for decisions and holding others to the same standard. It is both a personal and organisational habit that stops unethical behaviour in its tracks and prevents unnecessary costs, including reputational and brand damage.
It doesn’t sound so bad, but what will happen to your organisation’s bottom line when other employees are not afforded the same benefits or advantages? Taking shortcuts and unfair advantage of circumstances in business will impact profitability and staff morale negatively. And when staff morale is low there will be a decline in the quality of your output and the culture in which you work.
On the other hand, doing what is right in business has a massive positive impact on your organisation, your company’s reputation, and financial sustainability.
Ethics is all about being accountable for decisions and holding others to the same standard. It is both a personal and organisational habit that stops unethical behaviour in its tracks and prevents unnecessary costs, including reputational and brand damage.
Consider how easy it seems to turn a blind eye; all you need to do is act like you didn’t know about it and not say anything.
Easy, right? Wrong!