ETHICAL BEHAVIOR AND BUSINESS PROFITABILITY: WHICH CONNECTIONS?
fosco frongiaSenior project manager| ENTE PATRIMONIALE CHIESA GESU' CRISTO SUGFino Mornasco, Como, Italy
In the business, is following ethical practices in any case profitable?
In the affirmative case: which are the key elements we have to consider for affirming it? Saving Changes...
Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
Of course following Ethical Practicies is profitable or at least I can assure you that not following it might end up with severe losses. Companies that have strong ethical identity tend to maintain a higher degree of stakeholder satisfaction which by itself positively influences the financial results of the company.
IMHO, In Ethics, all elements are KEY Elements. Saving Changes...
I will support Rami on this, but even if we have to lose on money to abide by ethics, this is an investment worth making. We do not have to be GREEDY and always ready to find reasons when and how not to be ethical. Ethics are prime and should be respected even when you sometimes have to lose.
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1 reply by fosco frongia
Jan 22, 2016 5:04 PM
fosco frongia
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Hi Suhail, A question concerning your comment. when you talk about losses do you refers to monetary ones, is it correct? In any case you consider that we are earning credibility. is it correct my interpretation? thanks in advance for your answer Fosco
Saving Changes...
fosco frongiaSenior project manager| ENTE PATRIMONIALE CHIESA GESU' CRISTO SUGFino Mornasco, Como, Italy
Thanks Rami and Suhail, I fully support your comments. It's nice to read comments to this content Saving Changes...
fosco frongiaSenior project manager| ENTE PATRIMONIALE CHIESA GESU' CRISTO SUGFino Mornasco, Como, Italy
Jan 22, 2016 4:11 PM
Replying to Suhail Iqbal
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I will support Rami on this, but even if we have to lose on money to abide by ethics, this is an investment worth making. We do not have to be GREEDY and always ready to find reasons when and how not to be ethical. Ethics are prime and should be respected even when you sometimes have to lose.
Hi Suhail, A question concerning your comment. when you talk about losses do you refers to monetary ones, is it correct? In any case you consider that we are earning credibility. is it correct my interpretation? thanks in advance for your answer Fosco
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1 reply by Suhail Iqbal
Jan 23, 2016 2:49 AM
Suhail Iqbal
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Yes I specifically mean financial loss. And at that loss, if I can maintain my ethical values and self-respect, I will gain credibility, which is larger than life and much ahead of any financial attainment.
Hi Suhail, A question concerning your comment. when you talk about losses do you refers to monetary ones, is it correct? In any case you consider that we are earning credibility. is it correct my interpretation? thanks in advance for your answer Fosco
Yes I specifically mean financial loss. And at that loss, if I can maintain my ethical values and self-respect, I will gain credibility, which is larger than life and much ahead of any financial attainment. Saving Changes...
fosco frongiaSenior project manager| ENTE PATRIMONIALE CHIESA GESU' CRISTO SUGFino Mornasco, Como, Italy
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