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Business Ethics: An Oxymoron?


Why do I think good PR and company ethics are inextricably connected? It arrives down to definitions. Ethics is studying what is correct and what is in and then dog the “correct factor.” PR entails providing counsel on the “correct factor” to do and then helping the organization get credit for it.

The company and political excess of the final 10 years have taken some PR practitioners to the dark side simply because they felt it was the only way for their business to revenue. Although I personally think dog correct for right’s sake is sufficient, there are some who might not reveal this view. Okay, here’s a reason that any good capitalist can embrace: research now shows that socially responsible behavior is good for the bottom line.

A current analysis of overall financial performance of the 2001 checklist of one hundred Best Corporate Citizens shows that this group of firms did significantly much better than the remaining companies of the S&#038P 500. Professors at DePaul University discovered that the mean ranking of the one hundred Best was much more than 10 percentile greater than the other firms of the S&#038P 500.

Moreover, they had a significantly much better status amongst corporate directors and security analysts primarily based upon outcomes of the Lot of money Magazine survey of most admired companies.

So, you see, it really does pay to do the correct factor.

Harry Hoover is managing principal of Hoover ink PR. He has 26 years of expertise in crafting and delivering bottom line messages that ensure success for severe companies like Brent Dees Monetary Planning, Levolor, New World Mortgage, North Carolina Tourism, TeamHeidi, Ty Boyd Executive Learning Methods, VELUX, Verbatim and Youth Link USA.










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