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  • Essay / Confidence in business is a way to grow business...

    All businesses strive to be effective and efficient. If the hallmark of a capitalist economy is self-interest and competition, cooperation is also necessary to increase efficiency and productivity. For a business to be successful, people within the organization must develop relationships among themselves as well as outside the organization so they can work with each other. These relationships are a function of trust. Trust is confidence in the integrity, ability, or character of a person or thing. Building trust is therefore an essential step towards maintaining and promoting business efficiency. However, in terms of business ethics, the sole purpose of relying on trust is to promote business efficiency. Customers and the community trust the companies and their methods by purchasing their products. Companies trust the fiduciaries who act for them by working with them to gain their expertise. Even within a business, trust exists in the form of employee-employer relationships. For example, employees are confident that they will receive compensation for their work after certain time intervals or after producing certain units of results. If there is a lack of trust, these relationships will disintegrate and business effectiveness will be reduced. However, trust in business can be used as a manipulative tool by managers and employers to get the most out of their workers. Managers may sometimes "empower" one of their employees as a form of "trust" only to give them more responsibility than they can chew, in order to blame them, which is not really within their control. control. This form of trust is “false” and negative. Anita Superson supports the idea of ​​the need for strong employer-employee relationships in the workplace. “The employer... middle of paper ...... entrust others to do their own jobs effectively. Bibliography Solomon, Robert C. and Flores, Fernando “Building Trust”. Honest Work: 91-94.Superson, Anita A. “The Employer-Employee Relationship and the Right to Know.” Honest Work: 26-29.Ciulla, Joanne B. "From Curse to Call: A Brief History of the Meaning of Work." Honest work: 5-9.Orlando, John. “The Ethics of Corporate Downsizing.” Honest Work: 30-33.Solomon, Robert C. “Why Ethics? Honest work: 136-138.Bok, Sissela. “Defining Secrecy – Some Crucial Distinctions.” » Honest Work: 72-75.Solomon, Robert C. “Is It Always Right to Lie? » Honest Work: 69-72.Boatright, John R. “Financial Ethics” Honest Work: 169-175.Bok, Sissela. “Whistleblowing and professional responsibility.” Honest Work: 398-402.Moore, Jennifer. “What’s Really Unethical About Insider Trading.” Honest work: 176-183.