Ethics and Values: February 2004 Archives

The NFIB site has an article which gives a good overview of the importance of stakeholder relationships for small businesses. The author stresses the importance of building integrity into every relationship a business develops as a critical part of building strong customer trust. A strong reputation takes hard work and time to build with customers. This article gives a nice outline of how small businesses can build a venture on a foundation of integrity.

Professor Bainbridge makes an interesting post in light of our discussion at this site on the differences between publicly held and privately owned businesses. While I have argued that entrepreneurs can, and should, integrate their values into their businesses, Professor Bainbridge argues that a public corporation is not a moral actor and cannot be held responsible as an entity.