what are the Principles of Business?

[stefijain]

12 Ethical Principles for Business Executives

1. HONESTY
2. INTEGRITY
3. PROMISE-KEEPING
4. LOYALTY
5. FAIRNESS
6. CARING – CONCERN FOR OTHERS
7. RESPECT FOR OTHERS
8. LAW ABIDING
9. COMMITMENT TO EXCELLENCE
10. LEADERSHIP
11. REPUTATION AND MORALE
12. ACCOUNTABILITY

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[stellajhon]

Business, practiced throughout the deepest layers of a company, become the heart and soul of the company's culture and can mean the difference between success and failure.

Basic Principles are:
1.Be trustful
2.Keep Open Mind
3.Have Clear Documents
4.Be respectful.
5.Maintaining Accounting Control.

 

[stefijain]

Hi,

Thanks for your all comments and suggestions about business principles. It is really good to read your all posts.

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[kashifali]

If recent history teaches us anything is that ethics and character count, especially in business. Huge organizations like Enron, Arthur Andersen and Health South have been destroyed and others were seriously damaged (AIG, Fannie Mae, Freddie Mac) by executives with massive ambition and intelligence but no moral compass. In today’s ultra competitive, high tech, interdependent business world, charisma without conscience and cleverness without character are a recipe for economic and personal failure of epic proportions. As President Theodore Roosevelt said, “To educate the mind without the morals is to educate a menace to society.”

 

[hip flask]

The principle of the business that you have to be as a honest person with hard working and provide the quality products and you should keep patience about the products sailing to achieve targets.

 

[multi panel]

Hard work, honesty and focus on target are the most common factor of business.