Amazon is one of the greatest success stories in business history. But a recent New York Times article shows how it entices employees into sacrificing their personal lives in order to become elite high-tech workers—and then subjects them to a Darwinian fight for survival. Although one might argue all firms and workers today must fight to outpace their rivals, the article shows Amazon going to extremes to wring every last bit of productivity from its people, with little or no concern for their welfare.
Unfortunately, life has a way of making other plans for your business, distracting you from the straight-and-narrow ethics/compliance path. Bad people steal your merchandise, customers file and errors-and-omissions insurance complaints, or you get into a car accident while on company business. In such cases, having behaved ethically and legally may well limit the damage, but you still need help to deal with the financial implications of the loss. Enter insurance.
Companies arguably are in business to serve their customers. Despite this universal truth, too many view them as the enemy, both during the acquisition and retention phase of the customer relationship.
Questionable marketing practices are one of the most common ways agents and advisors can run afoul of ethical business standards, leading not only to angry and litigious clients, but also to regulatory action that could result in fines, suspensions, termination or the loss of a license.
When it comes to business ethics, it’s no big surprise that ascending to and being in positions of power has the potential to corrupt behavior. But does power tend to corrupt men more than women?