The stories are all too familiar.
Long-time employees leave an employer and start their own business, but only after stealing all of their past employer’s clients. A steely competitor snags another firm’s client without regard for the impacts it might have on the company’s financial well-being, length of time it will take to replace that client and other repercussions.
In today’s competitive business world, it’s every man and woman for him or herself.
It doesn’t have to be.
You can lead your business with a moral and ethical compass.
There are several questions you should ask yourself before making any business decision:
- Who does my decision affect?
- Is the decision being made in haste (for short-term financial gain, for example)?
- Will the decision result in potentially bad consequences “down the line” such as strained relationships among colleagues, team members or worse-case scenario, potential legal action?
- Do I mind others knowing my decision?
- Will my decision be considered fair by those who are affected?
These rules can be applied not only when making business decisions, but when posting on social media, writing press releases…anything that reflects on your brand.
Just because it’s a dog-eat-dog world doesn’t mean you have to bite.
Source: Americanexpress.com, Carla Tuchetti, “3 Ways to Build an Ethical Business,” Faith in Focus Columnist, The News & Observer Publishing Company, http://tinyurl.com/nkoj3ua