A Lesson in Business Ethics

Under Local Small Business
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I spent this weekend at a rodeo watching a friend and a world champion compete in barrel racing. The day before the event her winning horse was stolen and her back up was an inexperienced horse who has never been in the competitive circuit. Needless to say she didn’t win but her horse gained the experience he needed.

What struck me about the terrible incident was the fact that bad ethics and seedy behavior occurs in the horse business as much as the business world. Business ethics has become a hot topic given the large scale fraud with the financial meltdown. The New York Times recently report of almost 20 percent of the Harvard Business School’s graduating class have signed “The M.B.A. Oath” to serve the greater good.

Good business ethics starts with practicing it at all levels especially the top of an organization. For small business, this means you set the tone for good ethics in your business from how you handle deals to hiring the right people. Poor business ethics can impact even the smallest of businesses.

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