11 months ago
Last edited at 1:59AM on 4/4/2013
It means that you can be really successful as a businessperson, but if you are arrogant and mean to everyone, then no one will respect you. If you are nice and polite to people, you have friends as well as money. If you make good decisions that benefit others as well as yourself, then others will respect you. Also, even if you are the CEO of a huge company, say, earning billions, trillions a year, you company could still fail, shares could decrease, you get into big debt, you lose all your money, you will fall right down to even lower than you were when you started. If you have been nice to people, you will still have friends, people to turn to, people who could help you. If you have been unpleasant, you will not even have that. Does that make sense?
The reputation of a business can largely depend on the principles it upholds in the course of its business activity. Does that business actually "do" what it professes to do? How does it behave? What values and standards does it uphold? These principles are "ethics" and a business may well be judged on them. The reputation of a business will suffer if there is conflict between what the business actually says it believes in, and what it actually does in practice.
It's like the saying " your word is your honor" if you cheat people in business then your reputation won't be good & if people think you can't be trusted or that you will rip them off then they will take their business & money to another. Probably one of your competitors or a rival company. In business people want to have faith in you & trust your word. There is too many scammers out there nowadays.