Remove Cost Remove Development Remove Ethics Remove Price
article thumbnail

Ethics Is Serious Business

Great Leadership By Dan

Maintaining our social infrastructure also requires know-how, because we must develop ground rules that make our social practices sustainable. The field that provides this kind of know-how is called ethics. This means that ethics is serious business. When does pharmaceutical pricing become price gouging?

Ethics 197
article thumbnail

4 Reasons We Struggle with Ethics

Leading Blog

Ethics is about who we are. Ethics is not so much about what is happening around us, it’s much more about what is going on inside of us. Understanding the difference is critical to being a person with good ethics. Ethics are not concerned about what we can do, but what we should do. We think ethics is about rules.

Ethics 285
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Use the Latest Methods to Benefit All Stakeholders of The Company

Joseph Lalonde

Additionally, investing in employee development allows businesses to stay ahead of the competition by providing their staff with the latest knowledge and skills. Finally, investing in employees helps promote an ethical workplace culture within a company. ultimately improving the public image for investors who want long-term success.

article thumbnail

The 10 Biggest Business Mistakes: And How to Avoid Them

Leading Blog

Most entrepreneurs are imbued with a super-strong work ethic and boundless optimism. Develop a good cash forecast prior to opening the business, one that can survive a downturn in the beginning. Avid the sunk cost trap. It’s hard to get the price you want when you want to get out. Mistake #5: The Wrong Team.

CPA 303
article thumbnail

Being A Loyal Employee May Not Benefit You

The Horizons Tracker

They have developed a deep understanding of the company’s culture, processes, and systems, and can pass on this knowledge to others, thereby increasing organizational efficiency and effectiveness. This reduces employee turnover, which can be costly and disruptive to the organization. “We value people who are loyal.

Loyalty 98
article thumbnail

How are you doing on price? :: Women on Business

Women on Business

Since then, I have had more and more discussions with my clients about their pricing strategies and being squeezed in this market. In a lean economy, many sales and business development people feel obligated to discount their prices; at least, the discussion of price and where it fits in the sales strategy becomes more important than ever.

Price 133
article thumbnail

6 Factors That Can Impact Your Commercial Business

Strategy Driven

It can involve studying consumer behavior, monitoring competitors, and staying informed about industry developments. It could involve investing in new product development, exploring new market segments, or adopting innovative marketing strategies. Equally important is training and development.