Have you noticed lately in the business world more and more attention is being placed on trust through integrity? Well, in the last decade we have seen many businesses collapse and many executives fall from grace. In 2001 we had the great fall of the Enron corporation. When Enron fell, the corporate world as we knew it was forced to put better financial reporting practices in place. The corporate world then moved on believing everything was all right. Was trust and integrity restored? For a short time it appeared that it was. Then in 2007 the financial crises began again. This time it was not just one corporation; it was the start of a global collapse within the financial industry. Integrity again came to the forefront; many began to point fingers as to who did the wrong or right thing.
We cannot overlook the fact that much of what has happened in the financial world and business was a direct result of persons not practicing good ethical behavior. People became full of egocentrism, causing them not to think of others when exercising ethical reasoning. Globally the world is on a fast track to financial disaster should we as a people not tighten our ethical reasoning in the way we conduct business.
With many persons now finding themselves unemployed, the global market is being explored more and more by many through the vehicle of online business. Undoubtedly some of those individuals who made unethical practices back in the corporate world will now try to make their presence felt on the global market. Evidently home based businesses will continue to increase, so the potential for more unethical reasoning will come. As entrepreneurs of home based businesses, let us take the needs of people as a motivating factor for us to deliver exceptional service or products. Unethical behavior can form barriers to success in business.
Consideration should be given to a few things that can develop into a root to putting your home based business on the right path:
- Try not to judge the world from a narrow, self-serving viewpoint.
- Do not only think of yourself but also always remember others.
- Consider the pain of others.
- Try to empathize with others.
- Try to analyze opposing ethical viewpoints.
- Success will not come without some failure, so be prepared.
- Consider the rights and needs of other as you strive to reach your success.
In developing your home based business, one thing we should endeavor to practice is to do what is right even when our selfish desires are saying no one will see or know who did the wrong thing. On this global marketplace every entrepreneur must go to war against unethical practices and empower others along the way to do the same. The best way to stay on target to developing good ethical practices is to remember to put people first, because without people your business will fail. Someone once said no man is an island, so we need others to succeed.
Keywords: business ethics, ethical reasoning, home based business
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How Ethical Reasoning Can Make or Destroy Home Based Business Success