Business ethics, the ultimate competitive advantage

Business ethics is easily one of the most talked about subjects today but poorly defined. It is seen as merely a requirement to discuss in meetings versus being a sustainable competitive advantage that can lower the cost of conducting business. There are virtually no guidelines for business ethics and very little principles that can be practically applied.

Summary: Business ethics is not a criminal issue. They can overlap but are generally mutually exclusive. There are no absolute rules for business ethics and the right decision is determined by the context of each situation. Many ethical decisions are usually selfish when analyzed over the long term. Ethics is a significant career competitive advantage where the benefits can be measured in dollar terms. Read more…