Why Bother with Business Ethics?

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Soft Skills Training Specialists
Why Bother with Business Ethics?
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Soft Skills Training Specialists

•  Several ways that ethical behavior can actually
  make your company money.
• Customers choose ethics.
• Customers appreciate ethics.
• Employees are more loyal to an ethical
  company.
• Ethical companies are more productive.
• An ethical office means lower legal costs.

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Soft Skills Training Specialists

•   Customers choose ethics
• Customers will base their decision whether or
  not to shop with you partially on ethics.
• Ex If you had a choice between two car
  salespeople, one who has a reputation for selling
  stolen vehicles and one who has a reputation for
  ensuring that the customer gets all the
  information about a vehicles past, which would
  you choose?

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•   Customers Appreciate Ethics
• Who admits their mistakes, especially when it
  costs them money?
• Ex Lets say youve purchased a television from
  a local electronics store. The company calls you
  back the next day to let you know that you
  actually overpaid for the TV and that a check for
  the overcharged amount is in the mail. Do you
  appreciate this?
• Ethics like this would probably increase the
  chances of you shopping at that store again!
  Customers reward ethical companies with loyalty.
  

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•   Employees are more loyal to an ethical company
  
• Working for a company that lies, cheats,
• and steals is probably a company that will do the
  same to you.
• This worry is likely to make you less loyal as
  an employee.

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Soft Skills Training Specialists

•   Ethical companies are more productive
• Studies have shown that employees in ethical
  offices take less time off and are more
  productive
• Content employees makes for productive companies

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Soft Skills Training Specialists

•   An ethical office means lower legal costs.
• If your employees are in the habit of lying,
  cheating and stealing, someone is going to get
  caught. This makes for a Big Legal Headache!!!
• Taking immediate action and removing unethical
  behaviour from your office is your best practice.

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