- Business ethics is not a luxury, but it ensures lasting success
- Values must be held by owners, management and employees
The orientation towards ethical decision-making criteria is not a luxury that can be afforded by companies or not, on the contrary: A value-oriented approach is a prerequisite for lasting success. The experts and managers were able to swiftly agree on this phrase at a specialist event concerning “value-oriented business management” organised by Leitbetriebe Austria and Erste-Sparinvest KAG at the newly opened Erste Campus. Ethical companies are less vulnerable to crises and ultimately more profitable in the medium and long term.
“Managers need not think about how they can make the world a better place every day as part-time philosophers”, explains Leitbetriebe Austria Managing Director Monica Rintersbacher. “However, numerous studies now clearly show that value-oriented companies have better-motivated employees, they have to bear less legal risk, they enjoy increased customer confidence and they build higher brand values. It is therefore absolutely essential for Leitbetriebe to not only be oriented towards key figures and financial benchmarks.”