Ethics is a pledge of future success in business.An ethical
businessman is a person who meets his obligations and guarantees
his word. I used to meet people like that — they always kept their
word and promises and that helped them acquire good reputations in
business circles. The essential component of future success for any
organization is good business and the reputation of its employees;
this attracts new clients and partners.
Ethics is a component of success everywhere in life, not only in
business, because morality is the basis of everything. But,
still, ethical businessmen are very rare in our country; in most
cases businessmen will do anything to get money.The problem is that
business ethics don’t really exist in Singapore. Maybe after 50 or
even 60 years our country will enter a new phase in its development
and such concepts like ethics, morality and conscience will be
essential in business affairs. I think that a businessman is
ethical if he can sleep free of guilt at night and has gotten his
good reputation with good deeds
The recent minibond issue is one of the ways of unethical
behaviour after dozens of investors were left in the lurch.
i do know of overseas businesses which devote to environmental
friendlyness and charity. But there is none in our country. Why is
this so?
As a business, bth young and old buy your products and it will
be a good idea to project your business has having a "social cause"
to buyers, especially the young. In the western world, indeed the
old people who are more well off than the young due to their years
savings and pension, they are actually my returning customers
because i did make up a good reputation with them.
I know people who, when they started doing business, sometimes
did illegal things in order to survive, but now that they have
succeeded they donate big money to charity. One example is
Microsoft, Which learnt the hard way, due tot heir supposed
monopolisitic practices as viewed by some in the community, Gates
indeed donated large amounts of money to charity.
There are indeed some ethical businessmen in singapore, but they
have all their businesses elsewhere.
Ho can we project our country, apart from the superficially
outside appearance of 1st world to the one of a truly first
world place to do business in terms of ethics?
