In a research study by IBE (The Institute of Business Ethics), the findings where clear that companies displaying a clear commitment to moral conduct distinguished and dominated the companies displaying a demeanor of poor ethical conduct. The study has demonstrated that it was profitable to be ethical, by inspection of the financial returns of the companies that participated in the research study. Being trustworthy, meeting obligations, maintaining accounting controls and being respectful did equate into long-term success with economic and profitable growth. Instilling this inherent unambiguous style of doing business will be extremely evident to all you do business with, including your competition.
Bribery is a form of corruption, that implies the giving of money or gift that alters the behavior of the recipient (West’s Encyclopedia of American Law), it is difficult to define what a bribe is in business; if you bring a client to dinner for a business meeting, for example, trying to secure a signature on a contract to build their house, is that a bribe or an... [continues]
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