A Quote by Walter Russell
Equal interchange of goods and service between buyer and seller is the keynote of tomorrow's business world when the vision of the modern business man awakens him to the wisdom of writing that policy into his code of ethics.
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Call on a business man only at business times, and on business; transact your business, and go about your business, in order to give him time to finish his business.
Using the phrase business ethics might imply that the ethical rules and expectations are somehow different in business than in other contexts. There really is no such thing as business ethics. There is just ethics and the challenge for people in business and every other walk in life to acknowledge and live up to basic moral principles like honesty, respect, responsibility, fairness and caring.
Who was the greatest business man ever. . . The greatest salesman? Advertiser? Who? . . . It was Jesus. . . Jesus was the founder of modern business. . . he picked up twelve men from the bottom ranks of business and forged them into an organization that conquered the world!
There will be selfishness and greed and corruption and narrowness and intolerance in the world tomorrow and tomorrow's tomorrow. But pray God we may have the courage and the wisdom and the vision to raise a definite standard that will appeal to the best that is in man, and then strive mightily toward that goal.
You can't do business with a man who doesn't know the meaning of a contract. You can't do business with a firm who swears they'll do one thing one day and does just the opposite the next. You can't do business with a company who takes your goods on a cash basis and then pays you off in bum harmonicas.
In a business, you have a vision, and you follow the vision. You have to execute. And then you have to learn how to run a good business. And I think if you look at the characteristics of any successful fashion business, it's all about that.
It is solely bigness in business which makes it possible to supply the masses with all those products the present-day American common man does not want to do without. Luxury goods for the few can be produced in small shops. Luxury goods for the many require big business.
In general, an asset should be sold when it has greater value to a buyer. This happens when a buyer has a complimentary business or capability that would enable them to do more with that business. Many businesses we have exited were not failures, but had simply reached a point in their life cycle where they no longer provided a core capability or served as a platform for growth.
I don't trust a man who talks about ethics when he is picking my pocket. But if he is acting in his own self-interest and says so, I have usually been able to work out some way to do business with him.
Modern man-whether in the womb of the masses, or with his workmates, or with his family, or alone-can never for one moment forget that he is living in a world in which he is a means and whose end is not his business.
Of course I want to be a best seller because I'm in the business and I want to be read, but there is no money in the world that can compensate for writing badly.
The modern Gamaliel should teach ethics. Ethics is the science of human duty. Arithmetic tells man how to count his money; ethics how he should acquire it, whether by honesty or fraud. Geography is a map of the world; ethics is a beautiful map of duty. This ethics is not Christianity, it is not even religion; but it is the sister of religion, because the path of duty is in full harmony, as to quality and direction, with the path of God.
It is certainly for the interest of the service that a cordial interchange of civilities should subsist between superior and inferior officers, and therefore, it is bad policy in superiors to behave towards their inferiors indiscriminately, as though they were of a lower species.
Interest in business ethics courses has surged, and student activities at leading business schools are more focused than ever before on making business serve long-term social values.
In a game there are winners and losers. But a business deal is always advantageous for both parties. If both the buyer and the seller were not to consider the transaction as the most advantageous action they could choose under the prevailing conditions, they would not enter into the deal.
Given the way some fought for the status quo when I authored the new Ethics Code and created the city's first Ethics Commission, we are going to need your strong support to get an even tougher Ethics Code passed this year.
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