Quote by Michael Josephson
The truth is that good ethics sometimes is good business, but sometimes it's not. It depends on one's goals and how one defines good business. Sometimes, good ethics can end in bankruptcy. Of course, so can bad ethics. A fairer statement is that good ethics can be a very powerful business asset and that good things tend to happen to companies and individuals that consistently do the right thing and bad things tend to happen to those that even occasionally do the wrong thing. But the crucial point is that the moral obligation to live according to ethical principles is not dependent on whether it's advantageous. People of character do the right thing in the pursuit of virtue, not self-interest.http://www.josephsoninstitute.org/business-ethics_commentaries.html
Summary
This quote highlights the complex relationship between good ethics and successful business outcomes. It argues that although good ethics can sometimes lead to positive business results, it is not always the case. The definition of "good business" and individual goals play a crucial role in determining the relationship between ethics and success. The quote emphasizes that practicing good ethics can be a valuable asset for businesses, improving their reputation and attracting positive opportunities. However, it points out that ethical behavior should not be contingent on personal advantage, as moral obligation and virtuous character should be the driving factors behind ethical decision-making.
Topics
Ethics
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