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Why Business Ethics Are Necessary ?

Before we tend to look for to find out some of the business ethics that business folks ought to embrace, it’s needful to first perceive what the word ‘ethics’ refers to.

Ethics are a set of moral principles that are recognized in respect to a specific class of human actions or a specific group, for instance the medical ethics, legal ethics, teaching ethics that brings along individuals of the same profession.

These principles handle values regarding human conduct with respect to ideas like being sensible or unhealthy, noble or ignoble, wrong or right etc. These values guide members of a group to act in a very manner that’s in keeping with the values and standards as established. Business ethics are those virtues that business individuals apply when making business decisions. They’re the standards expected inside the business world, even if they’re not written down and that business people must adopt. For instance business individuals are expected to afflict least suffering to their customers, being truthful in their dealings and nurturing an everlasting virtuous company character in totality.

Business ethics are important because they keep business individuals to work at intervals a moral and legal pedestal that not only leaves them glad internally but also will increase sales as a result of most people like dealing or doing business with honest businessmen. Conjointly if the public or your potential customers perceive you to be engaging in improper business deals, they can shun you.

Smart business ethics ought to be embraced by all businessmen as a result of partaking in unethical practices, that might include breaking the law, might cause serious fines or lack of trust by members of the public. Some of the business ethics embody the following:

1. Being trustful by recognizing that customer is that the king. Customers want to try and do business with firms they trust and that they perceive to be showing them respect. When a business entity is trusted, it creates a loyal clientele.

2. Business people ought to be ready to satisfy the obligations of their customers and business partners irrespective of anything else. Business individuals should supply their end of the bargain in the slightest degree cost as a result of this is often the sole approach to cement client and business partner’s loyalty.

3. Participating in fair trading practices like guaranteeing a secure workplace for your employees, truthful pricing for your products, that will at least cowl the value of production and treating you customers well among others can guarantee a high business turnover.

4. Each businessman wakes up every day with the intent to form profit. When a business operates inside ethical realms, there can continuously be clear indications for growth. Equally, a business needs to make profit thus as to satisfy its ethical obligations to the company, its workers, the authorities and customers.

5. In essence, being ethical as a business person builds similar to reliability and establishes reputation along with your customers, the 2 things that are terribly important to a business.

Most business individuals do not take a keen interest in implementing business ethics. Most of them suppose that creating profit is the foremost important thing but as they notice later, irrespective of how exhausting they strive, they do not achieve their objectives.

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June 4, 2010 Posted by | Business | , , , , | 1 Comment

Why Social Networking Your Way Won’t Build Your Business

Believe it or not, social networking isn’t the next best thing… You are! It’s the personal connection that still seals the deal.

The Internet, social networking, and other breakthroughs in technology have fundamentally changed the way we do business. New technology drives communications, messaging, and information access at warp speed, and our clients expect immediate access. This pattern of ever-increasing speed and sophistication not only creates an intensely competitive marketplace, but places further demands on us to act and react quickly.

The rise of social media sites such as Facebook, Twitter, MySpace, YouTube, and LinkedIn have lured many sales pros into scaling back their personal interactions and relying on social media to get more “qualified leads.”

It’s time to get real!

Social Media Is a Powerful Tool for Three Things and Three Things Only

1. Search engine optimization: Use your key words and raise your presence on the web.

2. Find out who people are: Learn about a person’s background and your connections.

3. Find out who people know: Look for close connections that you can leverage

Some salespeople tell me they actually get clients through social media. Well, maybe if you have a commodity business.

Could it happen?

Yes.

Do I rely on it?

Absolutely not! I only count on what I bring about-through a proactive, intentional, referral strategy with personal introductions.

Why Social Networking Your Way Won’t Bring You More Leads and Sales

The most important business decisions are still based on personal relationships. There is significant research about why customers make buying decisions. Bottom line: It’s because they like and trust the salesperson and his organization. Think about it. We’re selling services, investments, systems, products… we’re asking for people’s time and money! Why would they work with someone who hasn’t been referred?

There’s a saying in sales: Clients buy with emotion and justify with fact. If our clients don’t like us or don’t feel comfortable with us, they won’t buy from us. You can wow your clients with technology know-how now and try to win them over later, once they find out you’re honest and reliable. But the reality is you need people to start liking you within the first few seconds of your relationship. You need to start off on the right foot. Fancy gizmos won’t make that happen. But a trusted referral and a personal connection will.

That’s why Eric Schmidt, Chairman and CEO of Google, in his commencement address to the graduating class of the University of Pennsylvania in May 2009, urged college graduates to step away from the virtual world and make human connections. “Turn off your computer. You’re actually going to have to turn off your phone and discover all that is human around us.”

That said, a social media presence is a must-have in today’s world-but you need to change the way you’re social networking.

3 Ways to Get More Leads and Sales with Social Networking and Referral Marketing

1. Develop a social media strategy: Like a sales plan or a marketing plan, write your social media plan. What is your goal? Who is your audience? What do you want to communicate? Leverage social media as part of your go-to-market strategy. How does your strategy link to your customer’s needs and your business priorities?

2. Establish relationships: Take the time to build your personal connections, pick up the phone and talk to people. Just because you have a name in hand, doesn’t mean you have a relationship.

3. Communicate useful information: Social sites are not for selling. They are for establishing connections, identifying ways to collaborate, and providing value. What tips can you provide? Link to other sites you strongly recommend. Get recognized as the expert and build your web presence. Be a resource.

To Trust You Paves the Way

The most energizing and exciting part of our work is the relationships with our clients-the interaction. We enjoy learning about our client’s business and matching our solutions to their needs. In an era dominated by ever-expanding technology and social media pressures, always remember that personal connections, referrals, and earning trust count most.

May 16, 2010 Posted by | Business, Networking | , , , , , , , | Leave a comment

Why Attorneys Specialize Like Doctors

In the medical field, there are often more specialists than general practitioners. This is because the human body is very complex and there are times when a generalized knowledge is not going to be enough to meet a person’s medical needs. The law is even more complex. This is why attorneys specialize like doctors.

Whenever one looks at the yellow pages or does an internet search to find an attorney in his/her area, a list, often very long, pops up. If one looks closely, it is easy to spot the fine print that tells what branch of law that attorney deals with.

Criminal defense lawyers study the criminal codes in effect in the area where they operate so that they can assist individuals accused of a crime in proving themselves innocent, or at least in negotiating for the minimum punishment for their offenses. Sometimes, they are able to find flaws in the handling of a case that allow them to avoid a trial altogether and get a case thrown out of court.

Some attorneys specialize in helping people to obtain Social Security disability benefits. The Social Security laws and rules governing who is and is not disabled can be a complex maze that is enough to confuse the average person and force him/her to either try and work despite intense pain or to become a burden to family members and friends because he/she is unable to pay his/her bills. Social Security lawyers work with the Social Security Administration to ensure that individuals who are disabled receive the compensation they are due.

Another complicated aspect of the law is that dealing with real property. Surface rights, mineral rights, rental and lease agreements, laws governing the changing of hands of real property when a sale is made, and many other features make this an important specialty for lawyers to ensure that property owners’ rights are respected.

There are even attorneys that specialize in understanding medicine and what constitutes accepted and acceptable procedures so that patients who are injured by a doctor not providing the standard of care that is expected may receive compensation for those injuries.

This is only a small sampling of the many specialties available in the practice of law. Each type of law practice has its own rules, regulations, and laws that pertain specifically to that type of work. This is why lawyers are almost always specialized in the field they practice, much like doctors.

May 16, 2010 Posted by | Business, Public Relations | , , , , , | Leave a comment