5 Essential Quotes on Business Ethics

on April 16 | in Featured | by | with No Comments

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“In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And, if they don’t have the first, the other two will kill you.”  – Warren Buffet

Warren Buffet understands business. He has made billions of dollars through building companies and investing. This quote shows the importance he places on integrity and business ethics. When running a business, you want to hire people who can be trusted to act ethically at all times. This is a simple concept which is unfortunately often overlooked in building successful businesses. 

“If you believe in unlimited quality and act in all your business dealings with total integrity, the rest will take care of itself.” – Frank Perdue

Frank Perdue was the president and CEO of Perdue Farms. He grew this business into one of biggest poultry producing companies in the United States. The belief he had that business deals should be done with total integrity led him to great success. When you have a reputation of being fair and honest, you will make more connections and be able to sustain your company for a long period of time on that alone.

“Never deceive others, in business or in life. In 1995, I was deceived by four companies—four companies that are now closed. A company cannot go far by deceit.” – Jack Ma

Jack Ma is a Chinese politician and business magnate. He has made billions of dollars from his understanding of business. His quote shows that deceitful companies are the snake oil salesmen of today. They may make money in the short term, but eventually their reputation will catch up to them. They will soon be run out of town and in a global business environment, it is incredibly hard to run from your past.

“Play fair, be prepared for others to play dirty and don’t let them drag you into the mud.” -Richard Branson

Richard Brandon might be the world’s most eccentric billionaire. He runs the Virgin empire and has high ambitions with each new project. He has seen tremendous success in multiple industries. He had to face heavy competition to compete in new fields. His quote reminds business professionals to recognize the fact that competition and even people in your company will act unethically to get ahead. Business professionals should disregard what others are doing and remain ethical and honest.

“Using the phrase business ethics might imply that the ethical rules and expectations are somehow different in business than in other contexts. There really is no such thing as business ethics. There is just ethics and the challenge for people in business and every other walk in life to acknowledge and live up to basic moral principles like honesty, respect, responsibility, fairness and caring.” – Michael Josephson

Michael Josephson started as a law attorney and professor. He has founded an institute of ethics that equips people with the understanding of ethics and how to apply them professional situations. His quote tells that business ethics is just ethics. Ethics does not differ in a business setting. What is ethical and what is not does not change. People should live follow basic moral principles in everything they do.

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