Consultant Paul C. Ritchie notes that, according to a survey by the
Walker Group, when quality, service, and price were equal among com-
petitors, 90 percent of consumers were more likely to buy from the com-
pany with the best reputation for social responsibility.
Unethical behavior, on the other hand, can result in ill will and negative
publicity that mar your organization’s reputation. This behavior can cost
you customers, sales, and revenues and make acquiring the products
and services you need from good vendors at favorable prices and terms
more difficult. Ritchie cites a Business Week/Harris poll in which 71 per-
cent of those surveyed said business has too much power and is morally
responsible for the country’s woes.
“One transgression by one employee can have an enormous impact —
whether it is the liability incurred by not coping properly with an envi-
ronmental problem or the financial penalty resulting from an engineering
failure,” writes Norm Augustine, chairman, Lockheed Martin
Corporation. “Even more daunting is trying to restore one’s collective
reputation once it is tarnished.”
! Adhering to ethical business practices is simply the right thing to do.
For many of us, doing the right thing is important to our fundamental
makeup as human beings, and so we strive to do right — although on
many occasions we may be tempted to stray. Scientist Charles Darwin
said, “The moral sense of conscience is the most noble of all the attrib-
utes of man.”
If you don’t feel a compulsion or obligation to do right, the other two
factors — encouraging decent treatment from others and protecting your
organization’s reputation and good name — will have to provide sufficient
motivation for you to adhere to ethical business practices.
And often, it isn’t. Research shows that many workers these days feel
tempted to do things that border on the illegal or the unethical:
! In one poll, 57 percent of workers surveyed felt more pressured now
than five years ago to consider acting unethically or illegally on the job,
and 40 percent said that pressure has increased over the last 12 months.
! According to a study sponsored by the Ethics Officer Association, 48
percent of employees admitted to illegal or unethical actions. Half of U.S.
workers surveyed by the Ethics Officer Association said they used tech-
nology unethically on the job during the year, including copying com-
pany software for home use and wrongly blaming a personal error on a
technology glitch.
! In a Gallup poll, half of those interviewed said business values were
declining.
! In a survey of top executives, honesty and integrity were found to be the
most important qualities interviewers look for in prospective employees.
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