Monday, August 2, 2010

Ethics in Business - Win-Win Situations

By : Jackie Reyno

Business should present a win win situation for all that participate in any of its workings. Whether this is your hired employees, a partner that you're planning a project with, an investor, or a potential buyer, you should make every effort to ensure that every deal involves both sides feeling as if they're getting their fair ends of the bargain. Besides, the bible also concurs to this as it is written in there that all men must walk away with equal profits.

I have been involved in deals worth of small as well as a big chunk of money. In each of those transactions, every person walked away with a reasonable amount of money bearing in mind of not only how much they put into the deal but also how much they got out of it. Frankly, this is the only way every person will feel the transaction was fair for everybody.

Business is not meant to be played by looking to get one over on someone. This portrays that you do not believe in creating win win situations in life and this will make you be discontented in life.

Despite the fact that I am young, I am still learning the game. I am also aware that it is essential to work with people who regard highly integrity as well as appreciate the win win concept.

You may want to reconsider working with people who do not have high integrity as they may pose a risk to your progress in the long term. As you commence the business, you may be earning some good money but with time things would probably take a different turn.

You ought to spend your time creating win win situations in all parts of life, not just business. Kids are educated on this concept in the form of sharing, but when we become adults, we have a tendency to forget this concept. All too often we look out for ourselves and fail to consider how the other side of any deal may feel. We can't do this, as it will ultimately lead to the demise of many potential deals and relationships. Look out for the other side and you'll see some great success come your way sooner or later.

In every transaction, adults need to learn how to share so as to create the win win situations for everyone. Older men that have gone down the road of life and business use different words to enlighten people about this concept.

If you hold on to this one principle that has stood the test of time, you will make good accomplishment not only in business but also in all the areas of your life.

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