Last updated on October 9th, 2018 at 05:36 am
With the risk of sounding cliché, whenever we find ourselves in positions of power, it is important not to forget about the responsibility this entails.
Why is corporate responsibility such an important issue? In today’s economic landscape, many businesses strive to compete fairly to achieve prosperity.
However, many are tempted to get a lead ahead by way of unfair advantages, and this is a red flag which shouldn’t be ignored.
These corporate speakers teach us why it is not only important to play by the rules, but even why playing fair might be a better idea in the long-term for the bottom line results.
Make the Right Choice
This is the advice Chuck Malkus has for us. He is a best-selling author and business consultant whose work has reached nation-wide acclaim. If corporate responsibility is the primary concern, Chuck is the man for the job.
Among Chuck’s work is his book called “The Ultimate Ponzi: The Scott Rothstein Story,” in where he tells us the story of the famous $1.4 billion Ponzi scheme of the late 2000’s.
In this book, Chuck takes a humorous approach as he narrates the story of con man Scott W. Rothstein and how his opulent lifestyle led to the deconstruction of an entire community of law firms.
The lesson we should all learn from this is that a company built on dishonest business practices is set to fail from the start. Not only does this affect the company, but the consequences will reverberate within the community as a whole.
Purpose Is the Key to Profits
Devin Thorpe has the medals of being a journalist and author, but what speaks volumes about his career is he has always championed social good. So that is why corporate responsibility is what we should all strive for.
In his talks, he always gets this point across as being the most important in business. An established purpose is to do good and bring about change in the world. Companies who lack this purpose, in Devin’s view, they’re living on borrowed time.
This is also the smart thing to do – says Devin. His talks are filled with numerous examples from his childhood as an allegory to show how doing ethical business is beneficial for the long term.
Adapting to the Business Environment
Perhaps an issue which passes over almost everyone’s head is the ever-changing landscape of the business world. Michael Wood reminds our new generations are always coming and there is a present-day generation which is continuously ignored: the millennials.
Michael Wood is a marketing consultant and co-founder of 747 Insights, a firm which specializes in understanding and bridging the gaps between generations in the field of business. His career spans multiple industries and has made a name for himself as a voice for the youth.
Michael understands the grievances of millennials better than anyone, sometimes even better than the group itself.
In his talks, he emphasizes how the American job market has become stiff and outdated in regards to the needs of a generation which is all about flexibility.
Learn More About Corporate Responsibility
If there’s one lesson to be learned from this article is that an ethical business model goes a long way for everyone. Also, that by only striving to do good can we genuinely look forward to achieving success.
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Also published on Medium.