Your own definition - Business Ethics

[thiefmeister]

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Pde explain kng complex kaau? haha


To start.

An ethical way in doing a business is never focus on bringing down your competitor, rather focus on points in your own to bring your business up.

Just like coke and pepsi. Coke is striving so hard to extinguish Pepsi Phil. but never jd, for how many years nana.

[Rafalga]

First of all, I believe that its every businessman's adventure to bring down the competition.

But to bring down the competition in a magnificent orchestration of business tactics, overwhelming and out maneuvering the opponent's tactics at every turn.

For me, that is a good display of business ethics

[gt_mugen]

business ethics is a set of protocols and decorums that paved the way to new items, discoveries and unending means and ways on how to outwit, outlast and outplay the existing market of today.

[gt_mugen]

business ethics is a set of protocols and decorums; that paved the way to new items, discoveries and a means on how to outwit, outplay and outlast the business markets of the existing economy of the global market.

[AmorsoloX]

as what ive seen in most successful busineses.. this is what ive observed from the owners
(i facilitate buy/sell of businesses)

1.) Honesty - it is the most important thing, customers buy in products and companies they trust.. it is a bad business practice to lie or to exagerate the usefulness of products.. (dili maghimo story para mka baligya, in case of MLMs para mang recruit, face it, kabaw ko unsa imo pasabot)

2.) Transparency - as suppliers, they must make it clear to the customer that they can provide.. they must not lie on the health of their company.. (kung sa MLM, dapat nahibalan tanan facts and infos sa company, like purpose, product range, company background like kinsa owner and pila capital.)

3.) objectivity - kung mamaligya, mamaligya.. seryoso kay about money gud ang business.. you dont put fancy stuff in your business (wala ng hype2x and cheer2x)

4.) education - as a business, it is your duty to educate your customers whether they buy or not!
(by education, i dont mean nga imu sultian sa business plan.. it is the product that you should introduce). teach them how your product can help them.. (recruit2x is not educating the customers)

5.) business is business- same sa honesty, kung mag negosyo, negosyo jud.. dili mangilad nga naa party or whatever. dapat pud tanan appointments klaro and on time..

6.) healthy competition - panindotay products at the better price.. (dili mamaligya unregistered products, porbida pud), dili palabi daghan competition kay mawala market (sobra kadaghan distributors ftom the same company)..

7.) take care of employees - dapat tanan nga under nimu kay imu responsibilidad.. dili nimu biyaan hantod dili sila kamao mo handle sa ila trabaho. dapat kusgan imo training sa imu trabahante (kung sa networking, dili pataka invyt daun biyaan)

8.) SELL! - kung dili ka mamaligya, why the #$% paka nag businees in the first place.. (recruiting is not considered a business)

9.) community awareness - sell to those who needs your products (dili recruiton, and most especially, dili mang recruit tao nga dili pa dapat, like highschool students, probida pud)

if you think nga nangdaot mi dire nga taga istorya, your wrong.. we are educating the people.. we educate them with the things nga dili ninu gusto i-educate sa ilaha..

we provide a place for them na mapagawas ila gibati, good or bad..

before you accuse us of having no business ethics.. look at your own...

"let he without sin cast the first stone"-Jesus Christ

[jackyboy]

Why don't we start with the definition of ethics? What is ethics?

Morality is what we know as the good or bad, or the right or wrong. We build our own moral values through experience, from family, friends, community, activities and etc. Ethics is examining the moral issues brought about an event by comparing it with all conflicting interests within that issue. It puts morality to the test.

Business Ethics is simply applying ethics into business aspect.

Example:
Company A fires out a considerable amount of hard working and loyal employees. The company explained to their employees that the company has been incurring an increasing expense with very little return over the years. As a means to keep the company afloat, the directors have decided to cut down expenses and maximize marketing strategy. The employees who were stripped down from their job felt they were betrayed. Employees, of course, demands and cooperate with the union to seek justice.

Now, which side do you think is correct? The company, or the employees?

[jackyboy]

sorry double post ko. hehe.

[AmorsoloX]

Why don't we start with the definition of ethics? What is ethics?

Morality is what we know as the good or bad, or the right or wrong. We build our own moral values through experience, from family, friends, community, activities and etc. Ethics is examining the moral issues brought about an event by comparing it with all conflicting interests within that issue. It puts morality to the test.

Business Ethics is simply applying ethics into business aspect.

Example:
Company A fires out a considerable amount of hard working and loyal employees. The company explained to their employees that the company has been incurring an increasing expense with very little return over the years. As a means to keep the company afloat, the directors have decided to cut down expenses and maximize marketing strategy. The employees who were stripped down from their job felt they were betrayed. Employees, of course, demands and cooperate with the union to seek justice.

Now, which side do you think is correct? The company, or the employees?

i believe its the company... the purpose of every business is to create profit... it has the right to do anything necessary (provided its legal) to keep it afloat and profitable (kung dili mo gusto profit, ayaw nalang mo pagnegosyo).. although it also has the responsibility of properly compensating the employees.. (like sa intel, nindot ila severance package coz naa livilihood training)

dghan employees diri sa ato country greedy kaau kay gusto more pay (and benifits) for less work... (mao nkadaot pud sa america)..
mao pobre pilipinas kay dghan kaau reklamo mga trabahante. gamay lang discomfort, dagan daun sa mga union.. (tanawa china, ila trabahante dili moreklamo maski gamay sweldo, and bati working enivronment... dato kaau mga chinese karn kay barato kaau ila mga products.. sila ang top performing economy, maski gamay ila sweldo they can still afford ila products kay barato man)

kung taas kaau sweldo sa employees, mahal kaau operating cost sa business, then mo mahal jud cost sa products pra mkabawi ang company.. its just a cycle.. then ang consumers para mka afford mo demand na pud pay increase sa ila companies... balik2x ra jud...

the company reserves the right to reduce/increase it manpower pool depending on the economic sense of the action..

generally, people are greedy wether they admit it or not... once greed sets in, nothing good comes out of it..

[jackyboy]

i believe its the company... the purpose of every business is to create profit... it has the right to do anything necessary (provided its legal) to keep it afloat and profitable (kung dili mo gusto profit, ayaw nalang mo pagnegosyo).. although it also has the responsibility of properly compensating the employees.. (like sa intel, nindot ila severance package coz naa livilihood training)

dghan employees diri sa ato country greedy kaau kay gusto more pay (and benifits) for less work... (mao nkadaot pud sa america)..
mao pobre pilipinas kay dghan kaau reklamo mga trabahante. gamay lang discomfort, dagan daun sa mga union.. (tanawa china, ila trabahante dili moreklamo maski gamay sweldo, and bati working enivronment... dato kaau mga chinese karn kay barato kaau ila mga products.. sila ang top performing economy, maski gamay ila sweldo they can still afford ila products kay barato man)

kung taas kaau sweldo sa employees, mahal kaau operating cost sa business, then mo mahal jud cost sa products pra mkabawi ang company.. its just a cycle.. then ang consumers para mka afford mo demand na pud pay increase sa ila companies... balik2x ra jud...

the company reserves the right to reduce/increase it manpower pool depending on the economic sense of the action..

generally, people are greedy wether they admit it or not... once greed sets in, nothing good comes out of it..

Correct. It is the company. But not all companies are correct by the way. It depends on the situation. I've read many company related cases where its decision really degrades an employee. Such as, the requirement of lap dance (even more) for some top level managers. Secretary to "sexetary".

As for competition, business ethics can still be applied, but it's somewhat broad. Because when companies do compete, it is primarily a case of Strategic Management. Common tool for basing this is the S.W.O.T analysis. Business ethics can still be applied but not the major influence of the decision.

NOTE: I'm only sharing my insights from what I've learned while taking my MBA class. Especially now that I'm taking up Business Ethics as one of the core subjects for this trimester.

[lorenzoleo]

i believe its the company... the purpose of every business is to create profit... it has the right to do anything necessary (provided its legal) to keep it afloat and profitable (kung dili mo gusto profit, ayaw nalang mo pagnegosyo).. although it also has the responsibility of properly compensating the employees.. (like sa intel, nindot ila severance package coz naa livilihood training)

dghan employees diri sa ato country greedy kaau kay gusto more pay (and benifits) for less work... (mao nkadaot pud sa america)..
mao pobre pilipinas kay dghan kaau reklamo mga trabahante. gamay lang discomfort, dagan daun sa mga union.. (tanawa china, ila trabahante dili moreklamo maski gamay sweldo, and bati working enivronment... dato kaau mga chinese karn kay barato kaau ila mga products.. sila ang top performing economy, maski gamay ila sweldo they can still afford ila products kay barato man)

kung taas kaau sweldo sa employees, mahal kaau operating cost sa business, then mo mahal jud cost sa products pra mkabawi ang company.. its just a cycle.. then ang consumers para mka afford mo demand na pud pay increase sa ila companies... balik2x ra jud...

the company reserves the right to reduce/increase it manpower pool depending on the economic sense of the action..

generally, people are greedy wether they admit it or not... once greed sets in, nothing good comes out of it..

Agree ko ani, hehehe! Most companies nowadays gusto na mag cost cutting, then na uso na ang outsourcing.

Be proactive na lang ,mangita ba ron ug part time business or job kay sa cgeg reklamo. Cge tag reklamo, wala gihapon tay maani. Be proactive na lang jud ang solution. Daghan man nag offer ug business oppurtunities karon pero pili.a lang sad tong reliable na company na dili musira ug kalit. Hehehe!