Business Services Industry
Deal with ethical lapse before it gets larger.(Opinions: Editorial)(Editorial)(Brief article)
Business Insurance, October, 2006
WHEN WARREN BUFFETT speaks on investment matters, people listen. When he speaks on business ethics, managers ought to listen, and listen closely. The chairman of Berkshire Hathaway Inc. recently sent a letter regarding business ethics to his senior managers. In it, he said that "the five most dangerous words in business may be `Everyone else is doing it.''' While he was referring to such practices as backdating stock options, Mr.
Buffett's warning can certainly be taken to include other business practices as well. He noted that given the company's size, the odds are that "somebody is doing something today at Berkshire that you and I would be unhappy about if we knew of it.'' In fact, Berkshire, Mr. Buffett wrote, should be "jumping on anything immediately...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
