Any business that does not give equal emphasis and attention to its customers, its profit (the shareholders), its employees, its environment, and to its community is not being fully ethical. If a business wants to live up to the standards of ethics, this is what it must do. If business owners, were clear about this and put it into practice they would find that maximum value would result.
Leaders, managers, foundations, and corporations should ask: How can we design competitions that have a positive effect on the evolution of excellence?
Also check out the videos and the columns at this link: http://www.dennisbakke.com/
The experience of this CEO suggests that work can be a joy for some workers. Learn how he managed to achieve it for so many of his employees as well as for himself.
Happy workers are productive workers and they tend to bring in more
customers.
The ethical path for businesses is to share gains. Robert L. Masternak
in a paper written in 2009 teaches that companies who decide to share their
gains with their workers (including managers, executives, and all the staff) are best advised
“to utilize narrow operational measures of true gains, such as productivity, quality, customer service, on-time delivery, and spending. Typically Gainsharing plans have multiple measures. In order for a gain to occur, the performance pie must improve.
As the pie expands, the greater the improvement (gain), and the more financial benefit for the company and employees. The key point is that there must be an improvement before any Gainsharing occurs.
A critical point is that since gains are typically measured in relationship to a historical baseline, employees and the organization must change in order to generate a gain.
{For further details see pp. 18-21 of Ethical Adventures. Here is a link to it:
http://wadeharvey.myqol.com/wadeharvey/ ... NTURES.pdf }
Giving attention to its employees, its staff, usually mean some form of profit sharing (or "Gain-sharing.)
This is Ethics applied to business
Comments? Questions?