Honesty in Business Essay Example | Topics and Well Written Essays - 500 words

Honesty in Business - Essay Example That will â€Å"satisfy† the customers and also attract them. Through that, by preserving â€Å"reputation† and â€Å"relationship,† (Reilly p. 2) business will gain a steady momentum. What we â€Å"do† and â€Å"say† will definitely affect our value in the long run? So winning someone's trust through honesty is quite important.   When someone trusts us, we need to prove that we are trustworthy. We have three major components to build this kind of a trustworthy relationship in business. And they are: â€Å"doing right things†; â€Å"doing things right† (Reilly p. 2) and doing these â€Å"proactively.†Ã‚   Earning a â€Å"social credibility† is necessary to embed some â€Å"value† in the customers' heart. Determining whether one is going to run long is to be done today. Doing right things articulates ethical behaviour. Doing things right is about good management. And the third thing is simply cautiousness and prep aration. (Writer's inference)  Ã¢â‚¬Å"Honesty encourages competition on the merits and prohibits competition by Cheating† (Frankel p.21). Honesty doesn't rule out competition in business, which is good as far as excellence is concerned, but it encourages a healthy ethical competition which is even far better. â€Å"America† for example which has put an effort in this venture of â€Å"honesty† and the result has been astounding. â€Å"The socializing of industry from within on a higher ethical plane...is greatly needed† (Gintis & Khurana p.27) â€Å"Business ethics† is another facet which we must not oversee or ignore. It highlights the â€Å"virtues† that must drive us in business.