Success & Business Ethics Insight: Good ethics really is good ...

by Michael Josephson on March 22, 2012

There is no such thing as business ethics. There is just ethics. There are no exemptions from basic rules of honesty, respect, caring and fairness just because money or careers are involved. The good news is good ethics is good business. The chart below from ?Firms of Endearment? published by the Wharton School of Business shows how highly ethical companies outperform others over 3, 5 and 10 years!

Total Return (growth over time)

Firms of Endearment ?

10 years -685% ?5 years ? 225% ?3 years 106%

Good to Great companies

10 years -274% ?5 years ? 57% ?3 years 51%

S&P 500?

10 years -123% ?5 years ? -16% ?3 years 31%

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Tagged as: Business Ethics, Firms of Endearment, performance, success

Source: http://josephsoninstitute.org/business/blog/2012/03/success-business-ethics-insight-good-ethics-really-is-good-business-persistently-good-companies-those-who-consciously-seek-to-respect-and-benefit-all-stakeholders-substantially-out-perform-other/

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