Ethical Practices: The Right Way to Run a Business

Ethical Practices: The Right Way to Run a Business

Running an ethical firm is important to us – and not just because we think it’s the right thing to do. Here are some of the best reasons we know to manage Precision Avenue ethically: 

  • Talented Professionals Expect It: In a recent Forbes survey, 32 percent of employees polled would look for another job if their companies were not involved in charity work. This caused a lot of conversation at the Precision Avenue office, because it means one out of three people want more than just a do-no-harm mantra from their workplace; they want to align themselves with companies that make a positive difference.
  • Customers Appreciate Companies With Values: In another survey, Nielsen found that almost 70 percent of consumers would be willing to pay a higher price for a good or service if it was to support an ethical company. Almost 90 percent of respondents believe that companies should donate to worthy causes.
  • Ethical Leaders Are Better Leaders: When a manager can be relied on to make moral decisions for the good of a company and the people who work there, they create a culture of trust. This, in turn, promotes loyalty from team members.

Would you like to learn more about how we weave principles into our operations? Join the Precision Avenue conversation on business ethics by following us on Twitter.