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Even more, we have a moral and ethical business obligation to be savvy in how the world works. Global mindset is truly having the desire, knowledge, and skills to operate effectively in business today. It fills a strategic tactical need of operating in today’s business setting. The fact is, global business is the new norm.
This 'law of love' is identified in many different ways--for example, in Wayne Baker's bestseller, " Achieving Success Through SocialCapital " (Jossey-Bass), this law of love in the workplace is described as the "law of reciprocity.". The law of reciprocity is not what can best be described as "transactional reciprocity." Grant Ph.D.:
Capitalism degenerates into narrow self-interest without a strong ethical foundation. How do we measure the ethical or moral climate of a company, and what is the dashboard? What kind of a forum or process could we create that would allow individuals to freely share and discuss ethical dilemmas?
ITC decided to measure its own performance in terms of its contribution to creating economic, environmental, and socialcapital through innovations that would be embedded in its business strategy. Society no longer tolerates hollow promises.
In our opinion, which of the two is the more successful depends on the context in which the business operates. The forces of lawmaking, jurisprudence and, yes, ethics bring about sufficient transparency, market efficiency and fair business behavior for the conglomerate not to be worth its salt. for the S&P 500 Industrials.
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