Searchlight Logo
special_image

    • News
      • Front Page
      • News
      • Breaking News
      • Press Release
      • Features
      • Special Features
      • From the Courts
      • Sports
      • Regional / World
    • Opinions
      • Editorial
      • Our Readers’ Opinions
      • Bassy – Love Vine
      • Dr. Fraser- Point of View
      • R. Rose – Eye of the Needle
      • On Target
      • Dr Jozelle Miller
      • The World Around Us
      • Random Thoughts
    • Advice
      • Kitchen Corner
      • What’s on Fleek this week
      • Health Wise
      • Physician’s Weekly
      • Business Buzz
      • Hey Rosie!
      • Prime the pump
    • ePaper
    • Obituaries
      • In Memoriam / Acknowledgement
      • Tribute
    • Contact Us
      • Advertise With Us
      • Letters To The Editor
      • General Contact Information
      • Contact our Webmaster
    • About Us
      • Privacy Policy
      • Interactive Media Ltd
      • St. Vincent & the Grenadines
    • Subscribe
    • News
      • Front Page
      • News
      • Breaking News
      • Press Release
      • Features
      • Special Features
      • From the Courts
      • Sports
      • Regional / World
    • Opinions
      • Editorial
      • Our Readers’ Opinions
      • Bassy – Love Vine
      • Dr. Fraser- Point of View
      • R. Rose – Eye of the Needle
      • On Target
      • Dr Jozelle Miller
      • The World Around Us
      • Random Thoughts
    • Advice
      • Kitchen Corner
      • What’s on Fleek this week
      • Health Wise
      • Physician’s Weekly
      • Business Buzz
      • Hey Rosie!
      • Prime the pump
    • ePaper
    • Obituaries
      • In Memoriam / Acknowledgement
      • Tribute
    • Contact Us
      • Advertise With Us
      • Letters To The Editor
      • General Contact Information
      • Contact our Webmaster
    • About Us
      • Privacy Policy
      • Interactive Media Ltd
      • St. Vincent & the Grenadines
    • Subscribe
Features
January 26, 2007

Business Rendezous for January 2007Business ethics

26.JAN.07

Ethics addresses questions of right and wrong. It involves learning what is right or wrong, and then doing the right thing while having consideration for the welfare of the people around you. Acting ethically in business should be something that all entrepreneurs and business persons value highly. They should also encourage their employees to engage in the right practices so that whatever they do in the course of conducting business does not cause harm to others physically or otherwise.{{more}} Businesses that engage in ethical practices also do not have to worry about facing penalties from the authorities and developing hostile employee and community relationships.

Where there is evidence of unethical behaviour in businesses it is more than likely that this is a reflection of the lack of ethical values on the part of the business leadership that is the entrepreneur or his or her managers and supervisors. To build an ethical culture within a business those in the leadership must set the right example. Apart from doing the right thing themselves, they must also support employees who want to stick to principles.

Identifying the practices that constitute unethical behaviour will help you to avoid them in your business operation. The following are some common unethical practices:

1. Putting old parts in new equipment, machinery or appliances and selling them as new.

2. Lying to customers about results of diagnostic tests for example telling a customer that something is wrong so that you can get more money to fix a non-existent problem.

3. Fraudulent reporting of income and expenses for income tax purposes

a. Claiming personal expenses as business expenses.

b. Concealing some income

4. Failure to show respect to employees.

5. Theft of or wrongful use of the business assets and resources.

6. Asking employees to do things that you know are not right such as removing expiry dates from items.

7. Appraising employees based on personality and not performance.

8. Sexually harassing employees.

9. Improperly disposing of garbage and waste generated by your business.

10. Refusing to implement safety measures to prevent accidents because they are too costly.

11. Employing persons who have entered illegally into the country.

12. Giving or receiving kickbacks so that you can receive contracts.

13. Mismanagement of contracts, for example, delaying the time of completion for constructing a house and asking for more money from the homeowner.

14. Falsely advertising your products to deceive buyers intentionally.

15. Not being concerned about how your products and services and the actions of your business affect your employees, the community and society as a whole.

16. Non-compliance with laws and regulations such as payment of employees’ NIS deductions to the NIS office.

Entrepreneurs must remember that to have a good business they and their employees should engage in ethical practices.

Submitted by the Centre for Enterprise Development Inc. First Floor Methodist Building Granby Street, P.O. Box 2343. Kingstown, St. Vincent. CED is a non-profit company that provides business development services to the local private sector. Contact us at Tel: 784-451-2235-6 Fax: 784-451-2237 email cedsvg@vincysurf.com, cedsvg@hotmail.com, or visit us on the web at http://www.cedsvg.com

  • FacebookComments
  • ALSO IN THE NEWS
    Lettuce Farmer Richard Paris boosts yields and sustainability with FAO workshop on Protected Structures
    Press Release
    Lettuce Farmer Richard Paris boosts yields and sustainability with FAO workshop on Protected Structures
    Within six months, productivity leaped from 1 098 heads a month to 1 555
    Jada 
    October 9, 2025
    Charlestown, Nevis – October 9, 2025 - On the island of Nevis, Richard Paris is growing a legacy. “Paris’ leafy greens” is his homegrown hydroponic bu...
    Press Release
    CARPHA Partners, CHTA to host regional training on infectious disease prevention, control
    Jada 
    October 9, 2025
    Port of Spain, Trinidad and Tobago. October 9, 2025. The Caribbean Public Health Agency (CARPHA), in collaboration with the Caribbean Hotel and Touris...
    Press Release
    Drones to be used in search and rescue operations
    Jada 
    October 7, 2025
    Ambassador of the Republic of China on Taiwan, Her Excellency Fiona Fan handed over four (4) drones to the Royal St. Vincent and the Grenadines Police...
    Sandals signs agreement for Hotel at  Mt Wynne
    Front Page
    Sandals signs agreement for Hotel at Mt Wynne
    Webmaster 
    October 7, 2025
    An agreement for the construction of a $500 million hotel resort at Mt Wynne, was signed on Monday, October 6, 2025 between the government of St Vince...
    Tremors force evacuation  of Financial Complex building
    Front Page
    Tremors force evacuation of Financial Complex building
    Webmaster 
    October 7, 2025
    The Financial Complex, the building that houses the Office of the Prime Minister, and other government ministries and departments, was evacuated on Mo...
    Barbados PM welcomes non-Bajans, urges registration in key agencies
    Front Page
    Barbados PM welcomes non-Bajans, urges registration in key agencies
    Webmaster 
    October 7, 2025
    People moving to take advantage of the free movement initiative implemented by four Caribbean Community (Caricom) countries, are being asked to regist...
    News
    SVG School of Continuing Education receives third accreditation
    News
    SVG School of Continuing Education receives third accreditation
    Webmaster 
    October 7, 2025
    The St Vincent and the Grenadines School of Continuing Education(SVGSCE) has received its third consecutive registration from the National Accreditati...
    Nursing student says laptop will make school life easier
    News
    Nursing student says laptop will make school life easier
    Webmaster 
    October 7, 2025
    One of the several hundred students of the St Vincent and the Grenadines Community College (SVGCC) who received laptop computers last Wednesday and Th...
    ECCB aims to transform savers into investors
    News
    ECCB aims to transform savers into investors
    Webmaster 
    October 7, 2025
    The Eastern Caribbean Central Bank (ECCB), has made a commitment to transform savers into investors while working towards doubling the GDP of its Memb...
    PM concerned over growing US-Venezuela tensions
    News
    PM concerned over growing US-Venezuela tensions
    Webmaster 
    October 3, 2025
    PRIME MINISTER, Dr Ralph Gonsalves, has expressed concern about “dire consequences for our region” should there be any escalation in tensions between ...
    Maduro says Venezuelans are calm, but ready to defend themselves
    News
    Maduro says Venezuelans are calm, but ready to defend themselves
    Webmaster 
    October 3, 2025
    DESPITE THE PRESENCE of warships from the United States of America on its doorsteps, and at least one nuclear submarine, life goes on as usual in Vene...

    E-EDITION
    ePaper
    google_play
    app_store
    Subscribe Now
    • Interactive Media Ltd. • P.O. Box 152 • Kingstown • St. Vincent and the Grenadines • Phone: 784-456-1558 © Copyright Interactive Media Ltd.. All rights reserved.
    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok