Thank you. I love the way you presented your ideas on ethics with practical examples. If this topic should come up in my exams I will definitely do well. Wells Fago and Co will be my example.
I wonder how people who don't have an intrinsic barrier to being unethical would react to this video and this information in general. I know it DOES confirm my beliefs that good ethics help the entire organization be more successful and profitable. So I believe that even if a person is unethical by nature, if they are smart, they should realize the benefits to being ethical and at least force themselves to be. Unless they think that they can unethically squeeze the most of the situation now, and then quickly move into another organization where they could repeat the same over and over again.
Thank you for this video. It has been very insightful. To give you my thoughts on business ethics: Law in general, in my opinion, is just a general consensus of a population defining what rules should be followed in order to protect that population from harm. History, governments, and currency systems etcetera happen. Business ethics is just a subset of law to extend those rules to owners of the business which ended up including protections for business owners and shareholders. Employee agreements are crafted by these businesses to form a contract with everyone that become employees in order to ensure that they won't expose the shareholders to any financial harm. video on employee agreements please? :)
Thanks for the comment and sharing your perspective. You are very clear on how society forms ethical practices. Employee agreements is an interesting topic. I will look into it more. There are so many considerations with contracts due to the type of work, it might be hard to cover all aspects, but what I could learn would be worth it. Thanks again.
What would you do if you get some extra money from someone by mistake ? Let me try to answer ,I had many cases like this and I returned it most of the times even though I needed money . Why ?no one was watching ? But I have my own guiding system and it's built on strong value (Yes I have flaws too ) I have heard many times you can't succeed playing fair,you can't make money by being honest and truthful and I want to prove its very much possible Value and integrity in business wow!!!
I think it is terrible and the situation was poorly handled. Not sure how this relates to my beliefs on this video, but you appear to have the need to voice your opinion.
@@alezyvette6331 it wasn’t too bad. Definitely overreacted in the beginning and thought it would be tough but if you can understand basic ethical/philanthropy view points then you should be fine. We did have a big research paper on an ethical issue at the end of the semester but it may just be for my school.
I add Vietnamese subtitles to all the videos. I live in Vietnam, so I wanted to share ideas for those who might not be able to follow what I am saying.
I think the best quote I can provide is "The nature of business ethics refers to the standard characteristics of human behavior in its definition as its core concept." Here is the link from a website for more information. www.careercliff.com/nature-business-ethics-characteristics-definition-concept/
I think anyone can initiate change for the better. If there are enough employees with the same mindset, they can influence upper management for better ethical and transparent practices.
The trickle down effect! Yes!!! Influence can definitely be attempted.... but it’s hard to influence someone to do the right thing if they were already in that mindset. It’s a hard road to tread!
I am guessing you are referring to the Vietnamese translations. Sorry about that, it can be a bit tricky adding the subtitles. I hope you were able to still understand the message.
Business Ethics are dead and they've been dead for decades now. Its a joke that they're even taught in college other than an amusing oddity from ancient history. No matter how high up on the pole you think you are, you're most likely extendible, and at most a minor inconvenience for someone else who's whole job it is to find someone to replace you at a lower cost rather than just not having that position and paying each worker a little better, or having systems like a pension in place to instill loyalty. If a company does offer some long term benefit be sure to read the fine print on it and know you'll probably be let go before you can qualify for it. The work place has gone from a squeaky wheel gets the grease to the nail that stands out is hammered down. Integrity doesn't matter because the company is a mechanical uncaring entity. Someone who represents that company may take the fall, but they're expendable. It takes so much damage to actually hurt a brand to the point that it either can't be repaired and people will stop using it. More likely than not the product or service is good enough that people will overlook it.
Does seem grim out there. When shareholders are pushing for higher valuations it can break people and make them take unethical actions. This might be a good case for not being a publicly traded company when possible.
Yes yes yes!!! We run into people in our industry regularly. I am working to push for ethics requirements for our state licensing. I love your examples. Curious about your thoughts regarding ethics in real estate. We run into unethical real estate agents frequently, and wondering if it’s just our area, or if it’s noticed throughout that industry.
Thanks for your comment. It is unfortunate real estate is an industry that seems to have ethical issues no matter which country. Seoul, Korea has recently seen a lot of scandals in pricing manipulation. I don't have much experience in real estate, so I couldn't comment on specific areas or actions that could be taken to correct the ethical problems. Glad to hear you are pushing for a form of licensing to resolve some of these problems.
I learned that there isn't any, take a look at every successful entrepreneur that earned over $1M +, 99% did some unethical thing to get there. 1 out of 7 get caught - there is a lot more than that out there, believe me lol
I do think you are right to an extent. The drive of some people to stop at nothing to succeed can outweigh the wrongs they do to reach their goal. There are countless examples from history where some of the most recognized figures broke the law or found a way around it to achieve their success. I am not ignoring the dark side, but I have to have hope for a better future... or what is the point?
Currently studying Corporate Governance and this video was extremely informative for me.
Just what I needed to hear. Thank you.
Very useful video. Very lucid with clear examples. No humbug about ethics.... clear as laser beam
Very kind of you to say. Thank you.
Thank you for the video - we’ll done and I will be using it as a resource for my class Business Management and Ethics a high school class I teach.
Glad it was helpful! Thanks for the kind comment.
Thank you. I love the way you presented your ideas on ethics with practical examples. If this topic should come up in my exams I will definitely do well. Wells Fago and Co will be my example.
glad to hear it was helpful.
Wow, this is highly educative thank you so much for this video.
Thank you. Great to hear!
Taking this all in 📝 I'm going to subscribe for sure!
Props that‘s a very helpfull and well designed video!
Appreciate the feedback. Thank you.
Very good insights here. Thank you.
Great video, excellent content. Thank you.
Glad you enjoyed it. Thanks for the nice comment.
Best sir... Keep supporting 🎉🎉🎉
You are very kind. Thank you.
I wonder how people who don't have an intrinsic barrier to being unethical would react to this video and this information in general. I know it DOES confirm my beliefs that good ethics help the entire organization be more successful and profitable. So I believe that even if a person is unethical by nature, if they are smart, they should realize the benefits to being ethical and at least force themselves to be. Unless they think that they can unethically squeeze the most of the situation now, and then quickly move into another organization where they could repeat the same over and over again.
This was helpful ❤
Glad it was helpful!
Thanks so much for your video. Perfect introduction to business ethics for by students.
Thank you for the kind message. I am glad it was helpful.
Thank you for this video. It has been very insightful.
To give you my thoughts on business ethics: Law in general, in my opinion, is just a general consensus of a population defining what rules should be followed in order to protect that population from harm.
History, governments, and currency systems etcetera happen.
Business ethics is just a subset of law to extend those rules to owners of the business which ended up including protections for business owners and shareholders.
Employee agreements are crafted by these businesses to form a contract with everyone that become employees in order to ensure that they won't expose the shareholders to any financial harm.
video on employee agreements please? :)
Thanks for the comment and sharing your perspective. You are very clear on how society forms ethical practices. Employee agreements is an interesting topic. I will look into it more. There are so many considerations with contracts due to the type of work, it might be hard to cover all aspects, but what I could learn would be worth it. Thanks again.
omg!!!!!!! this have really been an eye opener for me. Thanks, I truly love to learn new things.
I'm so glad!
This video was really helpful!
Very kind of you to say. Glad it was helpful.
could you provide the arabic translation due to understand more about ethics issues
Thanks so much Sir
This was super helpful to a business course im on, thanks
Really happy to hear it was helpful. Good Luck with your course!
I would give the money back
Bsdk
Thúy (Apax CEO) needs to hear this
Thank you very much.
what can you say about business industry who prefer profit maximization to business ethics?
Salamuch Sir.
What would you do if you get some extra money from someone by mistake ?
Let me try to answer ,I had many cases like this and I returned it most of the times even though I needed money .
Why ?no one was watching ?
But I have my own guiding system and it's built on strong value (Yes I have flaws too )
I have heard many times you can't succeed playing fair,you can't make money by being honest and truthful and I want to prove its very much possible
Value and integrity in business wow!!!
Thank you for sharing!
Thank you for this very helpful video! It was concise and easy to understand!
Glad it was helpful!
Love the video! Is there a way to contact you directly, Travis? I do not see any contact info on the About tab.
Hi Sheryl. Thank you for the kind comment. I added my email address in the About tab.
6:20 I would assume that some of the 40% were not lying and really got 4 tails in a row, since the probability of that is 6%.
We have to assume, but no one was watching according to the study.
Helpful!!!
Glad it was helpful!
What do say about companies like theranos and Enron? Do they have ethics?
Both purposely mislead the public for their own benefit. I would say not.
Nice
What do you think about Apax not paying its staff for several months leaving its workers homeless and destitute?
I think it is terrible and the situation was poorly handled. Not sure how this relates to my beliefs on this video, but you appear to have the need to voice your opinion.
I'm taking a course on Business Ethics, hopefully, it's as easy to understand as this video was.
Thanks for the kind words. Best of luck with the course. I am sure it will be interesting!
How was the course for you? My university is offering a course on this, but I'm wondering it's worth it
@@alezyvette6331 it wasn’t too bad. Definitely overreacted in the beginning and thought it would be tough but if you can understand basic ethical/philanthropy view points then you should be fine. We did have a big research paper on an ethical issue at the end of the semester but it may just be for my school.
I'm being at the first seconds of the video and just curious why this video has a Vietnamese subtitle? that doesn't usually happen.
I add Vietnamese subtitles to all the videos. I live in Vietnam, so I wanted to share ideas for those who might not be able to follow what I am saying.
Please I want to know
Nature of ethics and relevance in business
I think the best quote I can provide is "The nature of business ethics refers to the standard characteristics of human behavior in its definition as its core concept."
Here is the link from a website for more information. www.careercliff.com/nature-business-ethics-characteristics-definition-concept/
the money tree in the back says it all
Management plays a big role in that effect but a simple employee can be a champion to change things. What do you think?
I think anyone can initiate change for the better. If there are enough employees with the same mindset, they can influence upper management for better ethical and transparent practices.
@@thebusinessmindset thanks for your reply. I agree.
The trickle down effect! Yes!!!
Influence can definitely be attempted.... but it’s hard to influence someone to do the right thing if they were already in that mindset. It’s a hard road to tread!
If it's 2 dollars, I'd walk away. If it was $20 or $200, I'd give it back.
Some segments in the video are stamped not adjacent to each other
I am guessing you are referring to the Vietnamese translations. Sorry about that, it can be a bit tricky adding the subtitles. I hope you were able to still understand the message.
Great video!
Thanks for the kind comment!
Business Ethics are dead and they've been dead for decades now. Its a joke that they're even taught in college other than an amusing oddity from ancient history. No matter how high up on the pole you think you are, you're most likely extendible, and at most a minor inconvenience for someone else who's whole job it is to find someone to replace you at a lower cost rather than just not having that position and paying each worker a little better, or having systems like a pension in place to instill loyalty. If a company does offer some long term benefit be sure to read the fine print on it and know you'll probably be let go before you can qualify for it. The work place has gone from a squeaky wheel gets the grease to the nail that stands out is hammered down. Integrity doesn't matter because the company is a mechanical uncaring entity. Someone who represents that company may take the fall, but they're expendable. It takes so much damage to actually hurt a brand to the point that it either can't be repaired and people will stop using it. More likely than not the product or service is good enough that people will overlook it.
Does seem grim out there. When shareholders are pushing for higher valuations it can break people and make them take unethical actions. This might be a good case for not being a publicly traded company when possible.
Yes yes yes!!! We run into people in our industry regularly. I am working to push for ethics requirements for our state licensing. I love your examples. Curious about your thoughts regarding ethics in real estate. We run into unethical real estate agents frequently, and wondering if it’s just our area, or if it’s noticed throughout that industry.
Thanks for your comment. It is unfortunate real estate is an industry that seems to have ethical issues no matter which country. Seoul, Korea has recently seen a lot of scandals in pricing manipulation. I don't have much experience in real estate, so I couldn't comment on specific areas or actions that could be taken to correct the ethical problems. Glad to hear you are pushing for a form of licensing to resolve some of these problems.
Create a telegram group link please
*Eric Gordon intensifies*
I learned that there isn't any, take a look at every successful entrepreneur that earned over $1M +, 99% did some unethical thing to get there.
1 out of 7 get caught - there is a lot more than that out there, believe me lol
I do think you are right to an extent. The drive of some people to stop at nothing to succeed can outweigh the wrongs they do to reach their goal. There are countless examples from history where some of the most recognized figures broke the law or found a way around it to achieve their success. I am not ignoring the dark side, but I have to have hope for a better future... or what is the point?
Bac2024
Same, just did that yesterday 🥹🥹
Nice