MGT3320 07

MGT3320 07 - 9/14/2009 MGT 3320 DistributionManagement...

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9/14/2009 1 Distribution Management MGT 3320 Dan C. Parris PhD Fall 2009 – Baylor University Ethical Issue Ethical Issues Why be ethical in hard nosed business? Ethical behavior elicits trust Trust builds loyalty Loyalty permits transactional efficiency Efficiency contributes to profitability There is a quantifiable value to ethical behavior.
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9/14/2009 2 There is also a quantifiable liability to unethical behavior. Don’t believe Hollywood. Everybody’s not doing it. There is a slippery slope. Someone will know. Reputations are hard to get back. It ain’t the good who die young. Relational Equity Progression of relationship Provision of Value Mutuality Long term Fairnes Long term Fairness Worthiness Trustworthiness Ethical corporate character builds trust. And mutual trust: Generates greater loyalty Keeps better people Attracts responsible strategic partners Supports creativity Improves reponsiveness Adapts to change Is more productive Is healtier Ethics is profitable
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9/14/2009 3 Practical Ethical Standards Dignity Fairness Honesty Justice Sustainability HP Ethical Alignment Do small things well Culture is more important than systems Respect history but make history Do not pretend to have all the answer Do not pretend to have all the answers
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MGT3320 07 - 9/14/2009 MGT 3320 DistributionManagement...

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