Human Values for Business Success
Business success
Who am I? What do I want? It sometimes comes as a suprise to ask questions like that. In the Google and QQ age it is the questions we ask that matter. Are there human values shared by those who experience business success? Are those common values and the ability to think and set goals linked with apparent coincidences which drive us towards those goals? This is called the phenomenon of synchronicity and is especially important for new businesses or projects.
Is success the same as wellbeing? How can we alter our customers and stakeholders wellbeing for the better? One way certainly is not to make them suffer!
An understanding of the Human values we all share are key to avoiding that suffering.This is not a 'positive thinking' book. This is an awareness book. We share a unique capacity for awareness yet peoples awareness varies widely and a common understanding is lacking but also growing as we become more aware of what our emotions of what is agreeable and disagreeable are and what they are used for in informing our value judgements. To someone conditioned to being disagreeable there will be nothing worse than the company of someone cheerful and agreeable.
This may be the first book of its kind you have looked at outside your culture. There is no need to imagine that you will need to abandon your culture to achieve this awareness or there is a unique path to awareness. On the contrary you will I hope see that all culture both contains and seeks after this awareness. This page aims to be both informative and awakening and that you too enjoy business success. I hope you enjoy your time on this page.
What do we mean by the five elements of wellbeing?
Human Need
Businesses exist to anticipate and meet human need. A particular business exists to meet a particular need and employs the resources and talents of the various stakeholders to do so. Those needs are identified, anticipated and met by people. People are unique. The chances of two people having the same strengths is very small so we work in teams with shared values and goals. We all share awareness. not only do we ask the questions we ask who is asking the questions!
Common values enable us to develop norms and habits. Where we and others go against those norms and habits we experience stress and develop conscience. We are concious of something agreeable or disagreeable and that something disagreeable or agreeable may happen.
Basic human needs of food, shelter and clothing can be met by a command economy. This is not to say all human needs are 'good needs'. For example white bread is a less healthy food than a wholemeal bread or a spelt bread. However the decision about what is perceived as good is, within reason and custom, left to the consumer rather than the state.
Higher needs require more flexibility. It is recognised internationally that individual firms operating in competitive markets provide this intelligence. Business success requires that we compete effectively for resources. The most important resource we compete for is the time of others and the higher the need we aim to serve the more important this resource is. An important consumer protection principle is 'volente non fit inuria'. To the willing injury cannot be done. We need intelligent and responsible consumers for markets to work.
For those aiming for business success it is well worth working out where your personal strengths lie. Happy interaction with others through changing times is key to business success and meeting higher human needs. The purpose of this guide is to outline the human values commonly found in enduring and successful business. Whether in personal or corporate life a key concept is balance in successfully reconciling rights and interests.
The spectacular breakdown of judgement in the BBC's Newsnight program shows that the ethical balance all organizations strive for cannot be taken for granted and requires training in ethics and the identification and exercise of virtues and identification of existing or possible evils. A whole generation of schoolchildren have grown up without formal ethical or religious education and yet again and again we see in human affairs that this forms a critical skill both in life as well as in business.
Balance is a higher brain function. Neuroscience shows us that we can literally grow our brains by practicing how to use it. We need to know a little about our brains and a little about the nature of information and time. All information can be reduced to something and nothing. A collection of ones and zeros. But there is not nothing in this nothing. There is almost infinite possibilty.
Who am I? What do I want? It sometimes comes as a suprise to ask questions like that. In the Google and QQ age it is the questions we ask that matter. Are there human values shared by those who experience business success? Are those common values and the ability to think and set goals linked with apparent coincidences which drive us towards those goals? This is called the phenomenon of synchronicity and is especially important for new businesses or projects.
Is success the same as wellbeing? How can we alter our customers and stakeholders wellbeing for the better? One way certainly is not to make them suffer!
An understanding of the Human values we all share are key to avoiding that suffering.This is not a 'positive thinking' book. This is an awareness book. We share a unique capacity for awareness yet peoples awareness varies widely and a common understanding is lacking but also growing as we become more aware of what our emotions of what is agreeable and disagreeable are and what they are used for in informing our value judgements. To someone conditioned to being disagreeable there will be nothing worse than the company of someone cheerful and agreeable.
This may be the first book of its kind you have looked at outside your culture. There is no need to imagine that you will need to abandon your culture to achieve this awareness or there is a unique path to awareness. On the contrary you will I hope see that all culture both contains and seeks after this awareness. This page aims to be both informative and awakening and that you too enjoy business success. I hope you enjoy your time on this page.
What do we mean by the five elements of wellbeing?
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The first element is about how you occupy your time or simply liking what you do every day: your Career Wellbeing.
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The second element is about having strong relationships and love in your life: your Social Wellbeing.
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The third element is about effectively managing your economic life: your Financial Wellbeing.
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The fourth element is about having good health and enough energy to get things done on a daily basis: your Physical Wellbeing.
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The fifth element is about the sense of engagement you have with the area where you live: your Community Wellbeing.
Human Need
Businesses exist to anticipate and meet human need. A particular business exists to meet a particular need and employs the resources and talents of the various stakeholders to do so. Those needs are identified, anticipated and met by people. People are unique. The chances of two people having the same strengths is very small so we work in teams with shared values and goals. We all share awareness. not only do we ask the questions we ask who is asking the questions!
Common values enable us to develop norms and habits. Where we and others go against those norms and habits we experience stress and develop conscience. We are concious of something agreeable or disagreeable and that something disagreeable or agreeable may happen.
Basic human needs of food, shelter and clothing can be met by a command economy. This is not to say all human needs are 'good needs'. For example white bread is a less healthy food than a wholemeal bread or a spelt bread. However the decision about what is perceived as good is, within reason and custom, left to the consumer rather than the state.
Higher needs require more flexibility. It is recognised internationally that individual firms operating in competitive markets provide this intelligence. Business success requires that we compete effectively for resources. The most important resource we compete for is the time of others and the higher the need we aim to serve the more important this resource is. An important consumer protection principle is 'volente non fit inuria'. To the willing injury cannot be done. We need intelligent and responsible consumers for markets to work.
For those aiming for business success it is well worth working out where your personal strengths lie. Happy interaction with others through changing times is key to business success and meeting higher human needs. The purpose of this guide is to outline the human values commonly found in enduring and successful business. Whether in personal or corporate life a key concept is balance in successfully reconciling rights and interests.
The spectacular breakdown of judgement in the BBC's Newsnight program shows that the ethical balance all organizations strive for cannot be taken for granted and requires training in ethics and the identification and exercise of virtues and identification of existing or possible evils. A whole generation of schoolchildren have grown up without formal ethical or religious education and yet again and again we see in human affairs that this forms a critical skill both in life as well as in business.
Balance is a higher brain function. Neuroscience shows us that we can literally grow our brains by practicing how to use it. We need to know a little about our brains and a little about the nature of information and time. All information can be reduced to something and nothing. A collection of ones and zeros. But there is not nothing in this nothing. There is almost infinite possibilty.
First Who am I? - some anatomy
Humanity has evolved along with the ecosystem which supports us. We share 60% of our genes with plants. Fish emerged some 500 million years ago. Our brains as we know it today some 4 million years ago and modern homo sapiens some 50,000 years ago. It is believed three distinct brains emerged successively in the course of evolution and now co-inhabit the human skull: The fish brain, the oldest of the three, controls the body's vital functions such as heart rate, breathing, body temperature and balance. Feeding, fight, flight and reproduction are successfully coordinated in the fish brain. The mammalian limbic brain emerged in the first mammals and is the seat of motivation and emotion involved in feeding, reproductive behavior, and parental behavior. The memory of agreeable and disagreeable sensations results in value judgements. The neocortex with its two large cerebral hemispheres in homo sapiens has been responsible for the development of human language, abstract thought, imagination, human culture and society and awareness. Of course the three brains are connected to form one.
We still know very little of the brain. The rat brain has a very small tiny neocortex compared to our own yet rats are highly intelligent.
This guide
It is my belief, and the reason I have written this little guide, that business ethics are about far more than not doing evil. They are central to business success. As a trained numbers man with qualifications in economics and accountancy I am a firm believer in watching the numbers like a hawk to achieve and maintain results and in the ability to read financial statements. However I have noticed as I think everyone else has that this is not sufficient. Increasingly stakeholders require businesses to achieve their results while adhering to or exceeding ethical norms (positively doing good) - the best businesses always have.
I have illustrated the HVBS guide with a number of images from the natural world to illustrate the text. To provide.particular primary, secondary and tertiary business examples I have used the essential oil industry which involves the growing of plants, the manufacture of products and their professional use internationally in aromatherapy, healthcare, cookery and to meet personal aesthetic needs.
Aromatherapy like homeopathy is an inherently ethical business as it requires the use of trained human skill and harmless substances to achieve its results.
Other businesses and companies provide examples of codes of ethics and I give examples in this guide. Those in leadership positions are particularly bound by codes of personal and corporate ethics. Ethical behaviour can also be increasingly seen to influence consumers who prefer to buy from ethical companies or those signing up for example to organic standards.
Ethics among shareholders, owners, directors and management are a necessary element for companies to balance the rights and interests of all stakeholders involved. Making the ethisphere list requires "going beyond making statements about doing business ethically and translating those words into action."
Peoples habits are a balance between custom and reason. To take an example the safe and effective use of essential oils requires both reason and research and faith and belief. It is rather through faith and belief that we fix our minds on our aims and values in life. Faith and belief give our lives direction. Like plants we need the light of an illuminated mind. Through reason and research we choose our objects and objectives and free ourselves from customary habits which no longer serve our needs.
Success can be defined in many ways. Survival day to day with no thought of the future is success in itself. I am not suggesting for example that aromatherapists take a vow of poverty. I am observing how little we need for our personal survival and that of others. Often when essential oils are used it is to meet needs that would be met in destructive ways - for example their use in relaxing excessive appetite or in stimulating appetite.
Acquiring our basic needs through helping others meet theirs - work - is not a matter of executive jets and the accumulation of wealth. Wealth can cut us off from the world of work and so helping others. Wealth can also let us do good for example through the provision of finance to charity or business to meet needs. We do not have to lose sight of our personal values but it is harder to retain them if they are not exercised.
Success requires us to identify our strengths to enable us to go further. In the words of Gallup
The Best Coaches
Focus on what's right with people. Teach others to turn talents into strengths. Help others use strengths to achieve success. https://www.gallupstrengthscenter.com/
Gallup business journal
More from Gallup
Emotions and morality
It could be said that business in competitive markets is morally neutral - "Its just business" you might say, a mathematical matter of balancing income and expenditure. However business involves people and people are never morally neutral. Peoples emotions and unique strengths are a key to business success. Identifying and training in fundamental principles is therefore necessary. Which human values do we take to work and which do we leave at home?
Fortunately for us just four principles, justice/fairness (to be fair is to be just), love/mutual respect, (mutual respect is neccessary for communication) stewardship (the young are the trustees of the future) and honesty (honesty is the best policy) form the moral basis of our corporate guidelines, policy, conduct of individuals and conduct of directors at work.
To some extent our human values are not conditioned by our genetic inheritance and upbringing. We are able to choose where we habitually operate along moral spectrums lying between vice and virtue. Everyone makes differant choices. We need to get by with people whose choices whether by free will, experience or custom are not the same as our own. We therefore need to have some understanding of vice and virtue recognising that business values can differ from religious values and that religion often requires abstinence and for us to turn our backs on the world altogether. Something which is not possible in business.
Legal codes
Adherence to the law is undoubtedly one of the human values required for business success. At the end of his guide you will find the provisions of the UK Companies Act 2006 S170-177 which guide the conduct of Directors. Human values for business success differ from adherence to legal rules which tend to reflect minimum standards of behaviour. Legalistic codes cannot hope to cover the diverse issues to be found in business nor indicate the positive values required for business success.
Integrity, Intelligence, Energy
In the UK there are 4.5million small and medium sized businesses that account for 99% of all enterprise, employ 14 million people and together earn a turnover of £1.5trillion.
Big ideas are important but so are the little incremental changes made in our businesses by employees. It is ofte those little changes which make the bigger ideas and vision a successful reality. How do you instill an entrepreneural culture in your business whether public or private sector and make employees feel as passionate about what you are doing as you are?
Whereas
Integrity, Intelligence and Energy are necessary values for human success in
any sphere they apply particularly to business which involves dealings in
property whether of goods, buildings or land and the finance involved in their
creation and maintenance and with people. Integrity
requires personal morality and conscience which is often informed by religious
or political example as well as by the principal of ‘do no evil’.
However
religions and some political systems require little or no individual attachment
to property and some distance from people. All require
some form of belief in the future. So
does business. Belief in the future,
progressive business aims, are the driving force and spirit of business and the
responsibility for this vision of the future rests with the Board of Directors.
Four
principles, justice, love, stewardship and honesty form the moral basis of our
corporate guidelines, policy, conduct of individuals and conduct of directors at
work.
Generally those in business act ethically and effectively and respond to market information and change. What happens if they dont? No one comes around with a big stick. Its far worse than that - the stakeholders (employees, providers of finance, customers, suppliers, community, owners) conflict or leave and the business can cease. In the UK there were 16,871 compulsory liquidations and creditors’ voluntary liquidations in total in 2011 – an increase of 5.1% on 2010.
Corporate Boards of Directors sometimes disagree on policy or perceptions so matters are often put to the vote following debate and reasoned consideration at an agreed time and place in a democratic fashion. Boards of Directors act in accordance with business rules contained in the business's articles. Information is presented to the Board and action or non action is agreed in relation to it. The better the information the greater likelihood of agreement and early identification and correction of problems. Monthly and Annual Financial statements with comparisons to budgets and prior periods form a basis for informed effective action and stewardship. The ability to budget accurately requires an understanding of the workings of a particular business and for all parts of the business to communicate and report effectively among people with differing customs.
In this guide we look at some of the things which makes us uniquely human and allow us to communicate despite a range of differing customs - our human values and in particular our aesthetic sense. America recently had the chance to elect Mitt Romney. It is one of the articles of Mr Romneys Mormon faith that
"We believe in being honest, true, chaste, benevolent, virtuous, and in doing good to all men..... If there is anything virtuous, lovely, or of good report or praiseworthy, we seek after these things."
Everyone can understand that.
Generally those in business act ethically and effectively and respond to market information and change. What happens if they dont? No one comes around with a big stick. Its far worse than that - the stakeholders (employees, providers of finance, customers, suppliers, community, owners) conflict or leave and the business can cease. In the UK there were 16,871 compulsory liquidations and creditors’ voluntary liquidations in total in 2011 – an increase of 5.1% on 2010.
Corporate Boards of Directors sometimes disagree on policy or perceptions so matters are often put to the vote following debate and reasoned consideration at an agreed time and place in a democratic fashion. Boards of Directors act in accordance with business rules contained in the business's articles. Information is presented to the Board and action or non action is agreed in relation to it. The better the information the greater likelihood of agreement and early identification and correction of problems. Monthly and Annual Financial statements with comparisons to budgets and prior periods form a basis for informed effective action and stewardship. The ability to budget accurately requires an understanding of the workings of a particular business and for all parts of the business to communicate and report effectively among people with differing customs.
In this guide we look at some of the things which makes us uniquely human and allow us to communicate despite a range of differing customs - our human values and in particular our aesthetic sense. America recently had the chance to elect Mitt Romney. It is one of the articles of Mr Romneys Mormon faith that
"We believe in being honest, true, chaste, benevolent, virtuous, and in doing good to all men..... If there is anything virtuous, lovely, or of good report or praiseworthy, we seek after these things."
Everyone can understand that.
PRINCIPLES
Four key
concepts recur in the literature of faiths and form the basis of any human
interaction, and are applicable to business relationships. They are: justice
(fairness), mutual respect (love and consideration), stewardship (trusteeship)
and honesty (truthfulness).
1. Justice
The first
principle is justice which can be defined as just conduct,
fairness, exercise of
authority in maintenance of human right.
2. Mutual Respect (Love)
The second
principle-mutual respect or love and consideration for others -is
also
inherent in
the moral teachings of religion. What Scripture expresses as love is here
rendered as mutual respect or reciprocal regard that exists between two
individuals. The application of this has come to mean that self interest only
has a place in the community in as much as it takes into account the interests
of others. Of paramount importance in this respect is the employee.
3. Stewardship
A third
principle is that of stewardship (trusteeship).
While this may be readily understood by an owner of a small business or an inheritor
of an agricultural holding, the principle is applicable to anyone who is
entrusted with the responsibility of managing scarce resources. It applies
equally to individual wealth, the long-term viability of a business. Ownership is
not seen, therefore, to be absolute. As such, businesses have an obligation to
use resources for the benefit of the people in society at large as well as for
its stockholders. The New Testament
stresses the accountability of Christians for the way they have used resources.
Jesus summed this up by stating: “From everyone to whom much is given, much
will be required” (Luke 12:48). This
principle provides a longer term perspective for business decisions than is likely
to be found where the concept of absolute ownership predominates. It also
provides the basis for a proper concern for the natural environment on which
business activity makes considerable
demands. It implies a caring management not a selfish exploitation and is
concerned with both present and future.
4. Honesty
The fourth
principle is honesty. It incorporates the concepts of
truthfulness and reliability and covers all aspects of relationships in human
life-thought, word and action. It is more than just accuracy, it is an attitude
which is well summed up in the word “integrity.” Muslims place considerable emphasis on
truthfulness in business. For instance, in a Hadith it is stated: “The merchant
whose words and transactions are righteous and who is a trusty man will be
(resurrected) amongst the martyrs in the day of judgement” (Ibn Mace, Sunan,
II/724, no. 2139 [Ticaveti]). Jews too
constantly stress honesty as the basis for human relationships. The book of
Leviticus is explicit concerning honesty in business: “You shall have true
scales, true weights, true measures” (Lev. 19: 36), and “All who act dishonestly
are an abomination to the Lord” (Dt. 26: 16), and regarding truthfulness, the
Decalogue states: “You should not bear false witness” (Ex. 20: 16).
These four principles, justice, love, stewardship and honesty form the moral basis of the Guidelines that follow.
One has only to hear accounts of flaws in the justice system which the appeals system allows to be corrected to understand that maintainance of these principles requires training and continual vigilence. Much of the training we acquire as young people in these principles is acquired indirectly in the classroom, on the sports field or in the home.
A little History
One reason for the study of human history is to arrive at commonly held human values in relation to consequences. In English history it is possible to contrast the characters the narrator portrays of Henry I (1100 to 1135), very much the man of business who devoted himself to royal administration, Richard I the crusader king and man of action (1189-1199), and King John portrayed as the extortionate tyrant (1199-1216). The end of Johns reign saw the 1215 Magna Carta, a charter required the king to proclaim certain liberties and accept that no free man could be punished except through the law of land, a right that still exists.
GUIDELINES
A. BUSINESS AND POLITICAL ECONOMY
All business
activity takes place within the context of a political and economic
system. What is customary in one country or community may not be customary in another.
It is recognised that:
It is recognised that:
1. Business is
part of the social order. Its primary purpose is to meet human and material needs
by producing and distributing goods and services in an efficient manner. How
this role is carried out-the means as well as the end-is important to the whole
of society.
2. Competition
between businesses has generally been shown to be the most effective way to
ensure that resources are not wasted, costs are minimized and prices fair. The State
has a duty to see that markets operate effectively, competition is maintained
and natural monopolies are regulated. Business will not seek to frustrate this.
3. All
economic systems have flaws; that based on free and open markets is morally neutral
and has great potential for good. Private enterprise, sometimes in partnership
with the State, has the potential to make efficient and sustainable use of
resources, thereby creating wealth which can be used for the benefit of
everyone.
4. There is no
basic conflict between good business practice and profit making. Profit is one
measure of efficiency and is of paramount importance in the functioning of the system.
It provides for the maintenance and growth of business, thus expanding employment
opportunities and is the means of a rising living standard for all concerned. It also acts as an incentive to work and be
enterprising. It is from the profit of companies that society can reasonably
levy taxes to finance its wider needs.
Profit should not therefore be concealed.
5. Because the
free market system, like any other, is open to abuse, it can be used for selfish
or sectional interests, or it can be used for good. The State has an obligation
to provide a framework of law in which business can operate honestly and fairly
and business will obey and respect the law of the State in which it operates. The law exists for the prompt and fair
resolution of private disputes.
6. As business
is a partnership of people of varying gifts they should never be considered as
merely a factor of production. The terms of their employment will be consistent
with the highest standards of human dignity.
7. The
efficient use of scarce resources will be ensured by the business. Resources employed
by corporations include finance (savings), technology (machinery) and land and
natural renewable resources). All are important and most are scarce.
8. Business
has a responsibility to future generations to improve the quality of goods and service,
not to degrade the natural environment in which it operates and seek to enrich
the lives of those who work within it. Short-term profitability should not be
pursued at the expense of long term viability of the business. Neither should
business operations disadvantage the wider community.
B. THE POLICIES OF A BUSINESS
Business
activity involves human relationships; it is the question of balancing the
reasonable
interests of those involved in the process: i.e., the stakeholders, that
produces moral and ethical problems. The policies of the business will
therefore be based on the principles set out in the paragraphs above and in
particular:
1. The board
of directors will be responsible for seeing that the business operates strictly
within the letter and spirit of the laws of nations in which it works.
2. The board
will issue a written statement concerning the objectives, operating policies of
the organisation and their application. It will set out clearly the obligations
of the company towards the different stakeholders involved with a business
[employees, shareholders, lenders, customers, suppliers and the community
(local and national government), owners].
3. The basis
of the relationship with the principal stakeholders shall be honesty and fairness,
by which is meant integrity, in all relationships as will as reliability in all
commitments made on behalf of the organisation.
4. The
business shall maintain a continuing relationship with each of the groups with which
it is involved. It will provide effective means to communicate information affecting
the stakeholders. This relationship is based on trust.
5. The best
practice to be adopted in dealings with six particular stakeholders, employees,
providers of finance, customers, suppliers, community and owners can be summarized
as follows:
a) Employees
Employees make
a unique contribution to an organisation; it follows that in their policies, businesses
shall where appropriate, take notice of trade union positions and provide:
i) Working
conditions that are safe and healthy and conducive to high standards of work.
ii) Levels of
remuneration that are fair and just, that recognize the employees’
contribution
to the organisation and the performance of the sector of the business in which
they work.
iii) A respect
for the individual (whether male or female) in their beliefs, their family responsibility
and their need to grow as human beings. It will provide equal opportunities in
training and promotion for all members of the organisation. It will not
discriminate in its policies on grounds of race, color, creed, or gender.
iv) Recognise that time is the most valuable asset employees contribute and endeavour to ensure that time is not wasted and that time can be utilised most effectively for mutual benefit.
v) Recognise that employees want to be proud of the business they work in and the meeting of the needs of the customers that the product or service they supply does.
vii) Recognise that employee wages are usually the largest business expense and the need to balance the remuneration of all stakeholders in the business consistent with the survival and progress of the business.
iv) Recognise that time is the most valuable asset employees contribute and endeavour to ensure that time is not wasted and that time can be utilised most effectively for mutual benefit.
v) Recognise that employees want to be proud of the business they work in and the meeting of the needs of the customers that the product or service they supply does.
vii) Recognise that employee wages are usually the largest business expense and the need to balance the remuneration of all stakeholders in the business consistent with the survival and progress of the business.
b) Providers of Finance
A business
cannot operate without finance. There is therefore, a partnership between the provider
and the user. The company borrowing money shall give to the lender:
i) What has
been agreed to be repaid at the due dates.
ii) Adequate
safeguards in using the resources entrusted.
iii) Regular
information on the operations of the business and opportunities to raise with directors
matters concerning their performance.
iv) In setting rewards for landlords who provide business premises and lenders there must be consideration of the fact that the lenders (directly or indirectly) have contributed their money to the business in a temporary fashion. Had lenders borrowed the money to do so they would need a 15% dividend to return the funds to a lender in 8 years and earn a 2.5% per annum return.
iv) In setting rewards for landlords who provide business premises and lenders there must be consideration of the fact that the lenders (directly or indirectly) have contributed their money to the business in a temporary fashion. Had lenders borrowed the money to do so they would need a 15% dividend to return the funds to a lender in 8 years and earn a 2.5% per annum return.
c) Customers
Without
meeting the needs of its clients and customers a business cannot survive. Client distributors include those who distribute the company's products to customers. In selling products or services, a company
shall provide for the customer as the end user of its product:
i) The quality
and standard of service which has been agreed.
ii)
After-sales service commensurate with the type of product or service and the
price paid.
iii) Where
applicable, a contract written in unambiguous terms.
iv)
Informative and accurate information regarding the use of the product or
service especially where misuse can be dangerous.
v) Provide training, information and support to clients who distribute the Company's products to end user customers.
v) Provide training, information and support to clients who distribute the Company's products to end user customers.
d) Suppliers
Suppliers
provide a daily flow of raw materials, products and services to enable a
business to
operate. The relationship with suppliers is normally a long term one and must therefore
be based on mutual trust. Better businesses maintain strong links with suppliers and genuinely partner to secure mutual benefit.The company shall:
i) Undertake
to pay its suppliers promptly and in accordance with agreed terms of trade.
ii) Not use
its buying power in an unscrupulous fashion.
iii) Require
buyers to report offers of gifts or favors of unusual size or questionable purpose.
iv) Work to help suppliers effect improvements.
iv) Work to help suppliers effect improvements.
e) Community (Local and National Government)
While
companies have an obligation to work within the law, they must also take into account
the effects of their activities on local and national communities. Strong roots in the locality will benefit business in many ways. In particularly
they shall:
i) Ensure that
they protect the local environment from harmful emissions from
manufacturing
plant, excessive noise and any practice likely to endanger humans, animals or
plant life.
ii) Consider
the social consequences of company decisions e.g. plant closures, choice of new
sites or expansion of existing ones.
iii) Not
tolerate any form of bribery, extortion or other corrupt or corrupting
practices in business dealings.
iv) Actively promote local links to the community in which they operate.
iv) Actively promote local links to the community in which they operate.
f) Owners (shareholders)
The
shareholders undertake the risks of ownership. Elected directors shall:
i) Protect the
interests of shareholders.
ii) See that
the company’s accounting statements are true and timely.
iii) See that
shareholders are kept informed of all major happenings affecting the
company.
iv) In setting rewards for shareholders there must be consideration of the fact that the shareholders have contributed their money to the business in a permanent fashion. Rewards for shareholders are not automatic however no business run with a view to profit can reasonably fail to reward shareholders when a profit is declared. Had shareholders borrowed the money to do so they would need a 15% dividend to return the funds to a lender in 8 years and earn a 2.5% return.
iv) In setting rewards for shareholders there must be consideration of the fact that the shareholders have contributed their money to the business in a permanent fashion. Rewards for shareholders are not automatic however no business run with a view to profit can reasonably fail to reward shareholders when a profit is declared. Had shareholders borrowed the money to do so they would need a 15% dividend to return the funds to a lender in 8 years and earn a 2.5% return.
C. CONDUCT OF INDIVIDUALS AT WORK
The following
are based on best ethical practice for employees in a business.
Employees of
an organisation shall:
1. Implement
the decisions of those to whom he or she is responsible which are lawful and in
accordance with the company’s policies in cooperation with colleagues.
2. Avoid all
abuse of power for personal gain, advantage or prestige and in particular refuse
bribes or other inducements of any sort intended to encourage dishonesty or to break
the law.
3. Not use any
information acquired in the business for personal gain or for the benefit of relatives
or outside associates.
4. Reveal the
facts to his superiors whenever his personal business or financial interests become
involved with those of the company.
5. Be actively
concerned with the difficulties and problems of subordinates, treat them fairly
and lead them effectively, assuring them a right of reasonable access and
appeal to those to whom their immediate superior is responsible.
6. Bring to
the attention of superiors the likely effects on employees of the company’s plans
for the future so that such effects can be fully taken into account.
CONDUCT OF DIRECTORS AT WORK
While Directors may
delegate certain duties to management to carry out they delegate none of the
ultimate responsibility for those duties.
Belief in the
future, progressive business aims, are the driving force and spirit of business
and the responsibility for this vision of the future rests with the Board of
Directors.
A director owes to his
company seven statutory general duties (Companies Act 2006, sections 170 to
177), which might conveniently be divided into those of loyalty and good faith,
analogous to those owed by a trustee, and those of care and skill.
LEGAL FRAMEWORK
Legal frameworks vary from country to country. Here is the legal framework in the UK. Companies Act 2006
DIRECTORS DUTIES
A director owes to his
company seven statutory general duties (Companies Act 2006, sections 170 to
177), which might conveniently be divided into those of loyalty and good faith,
analogous to those owed by a trustee, and those of care and skill,
170Scope and nature of general duties
(1)The general duties specified in sections 171 to 177 are owed by a
director of a company to the company.
(2)A person who ceases to be a director continues to be subject—
(a)to the duty in section 175 (duty to avoid conflicts of interest) as
regards the exploitation of any property, information or opportunity of which
he became aware at a time when he was a director, and
(b)to the duty in section 176 (duty not to accept benefits from third
parties) as regards things done or omitted by him before he ceased to be a
director.
To that extent those duties apply to a former director as to a director,
subject to any necessary adaptations.
(3)The general duties are based on certain common law rules and
equitable principles as they apply in relation to directors and have effect in
place of those rules and principles as regards the duties owed to a company by
a director.
(4)The general duties shall be interpreted and applied in the same way
as common law rules or equitable principles, and regard shall be had to the
corresponding common law rules and equitable principles in interpreting and
applying the general duties.
(5)The general duties apply to shadow directors where, and to the extent
that, the corresponding common law rules or equitable principles so apply.
171Duty to act within powers
A director of a company must—
(a)act in accordance with the company's constitution, and
(b)only exercise powers for the purposes for which they are conferred.
172Duty to promote the success of the company
(1)A director of a company must act in the way he considers, in good
faith, would be most likely to promote the success of the company for the
benefit of its members as a whole, and in doing so have regard (amongst other
matters) to—
(a)the likely consequences of any decision in the long term,
(b)the interests of the company's employees,
(c)the need to foster the company's business relationships with
suppliers, customers and others,
(d)the impact of the company's operations on the community and the
environment,
(e)the desirability of the company maintaining a reputation for high
standards of business conduct, and
(f)the need to act fairly as between members of the company.
(2)Where or to the extent that the purposes of the company consist of or
include purposes other than the benefit of its members, subsection (1) has
effect as if the reference to promoting the success of the company for the
benefit of its members were to achieving those purposes.
(3)The duty imposed by this section has effect subject to any enactment
or rule of law requiring directors, in certain circumstances, to consider or
act in the interests of creditors of the company.
173Duty to exercise independent judgment
(1)A director of a company must exercise independent judgment.
(2)This duty is not infringed by his acting—
(a)in accordance with an agreement duly entered into by the company that
restricts the future exercise of discretion by its directors, or
(b)in a way authorised by the company's constitution.
174Duty to exercise reasonable care, skill and diligence
(1)A director of a company must exercise reasonable care, skill and
diligence.
(2)This means the care, skill and diligence that would be exercised by a
reasonably diligent person with—
(a)the general knowledge, skill and experience that may reasonably be
expected of a person carrying out the functions carried out by the director in
relation to the company, and
(b)the general knowledge, skill and experience that the director has.
175Duty to avoid conflicts of interest
(1)A director of a company must avoid a situation in which he has, or
can have, a direct or indirect interest that conflicts, or possibly may
conflict, with the interests of the company.
(2)This applies in particular to the exploitation of any property,
information or opportunity (and it is immaterial whether the company could take
advantage of the property, information or opportunity).
(3)This duty does not apply to a conflict of interest arising in
relation to a transaction or arrangement with the company.
(4)This duty is not infringed—
(a)if the situation cannot reasonably be regarded as likely to give rise
to a conflict of interest; or
(b)if the matter has been authorised by the directors.
(5)Authorisation may be given by the directors—
(a)where the company is a private company and nothing in the company's
constitution invalidates such authorisation, by the matter being proposed to
and authorised by the directors; or
(b)where the company is a public company and its constitution includes
provision enabling the directors to authorise the matter, by the matter being
proposed to and authorised by them in accordance with the constitution.
(6)The authorisation is effective only if—
(a)any requirement as to the quorum at the meeting at which the matter
is considered is met without counting the director in question or any other
interested director, and
(b)the matter was agreed to without their voting or would have been
agreed to if their votes had not been counted.
(7)Any reference in this section to a conflict of interest includes a
conflict of interest and duty and a conflict of duties.
176Duty not to accept benefits from third parties
(1)A director of a company must not accept a benefit from a third party
conferred by reason of—
(a)his being a director, or
(b)his doing (or not doing) anything as director.
(2)A “third party” means a person other than the company, an associated
body corporate or a person acting on behalf of the company or an associated
body corporate.
(3)Benefits received by a director from a person by whom his services
(as a director or otherwise) are provided to the company are not regarded as
conferred by a third party.
(4)This duty is not infringed if the acceptance of the benefit cannot
reasonably be regarded as likely to give rise to a conflict of interest.
(5)Any reference in this section to a conflict of interest includes a
conflict of interest and duty and a conflict of duties.
177Duty to declare interest in proposed transaction or arrangement
(1)If a director of a company is in any way, directly or indirectly,
interested in a proposed transaction or arrangement with the company, he must
declare the nature and extent of that interest to the other directors.
(2)The declaration may (but need not) be made—
(a)at a meeting of the directors, or
(b)by notice to the directors in accordance with—
(i)section 184 (notice in writing), or
(ii)section 185 (general notice).
(3)If a declaration of interest under this section proves to be, or
becomes, inaccurate or incomplete, a further declaration must be made.
(4)Any declaration required by this section must be made before the
company enters into the transaction or arrangement.
(5)This section does not require a declaration of an interest of which
the director is not aware or where the director is not aware of the transaction
or arrangement in question.
For this purpose a director is treated as being aware of matters of
which he ought reasonably to be aware.
(6)A director need not declare an interest—
(a)if it cannot reasonably be regarded as likely to give rise to a
conflict of interest;
(b)if, or to the extent that, the other directors are already aware of
it (and for this purpose the other directors are treated as aware of anything
of which they ought reasonably to be aware); or
(c)if, or to the extent that, it concerns terms of his service contract
that have been or are to be considered—
(i)by a meeting of the directors, or
STANDARDS
What human values are required for business success within the workplace. Can we be more specific. How can we train and practice? Here we come to the distiction between human values and standards. These are the standards to be expected for business success. Here we apply our fundamental principles not academically but practically and vocationally.
Accuracy
The precision, exactness, and conforming to fact in details of work.
The precision, exactness, and conforming to fact in details of work.
Cleanliness
--of offices, production and warehouse facilities, equipment, customer service areas, raw material and finished product inventory, closets, bathrooms, and so on
--of offices, production and warehouse facilities, equipment, customer service areas, raw material and finished product inventory, closets, bathrooms, and so on
Maximum Utilization of Resources
The desire and ability of the company to improve its performance by full utilization of its current resources (i.e. as time, money, equipment, materials, space, people, etc.).
The desire and ability of the company to improve its performance by full utilization of its current resources (i.e. as time, money, equipment, materials, space, people, etc.).
Orderliness
--in offices, drawers, file cabinets, shelves, paperwork, files, phone numbers, priority of work, daily and weekly planning, etc.
--in offices, drawers, file cabinets, shelves, paperwork, files, phone numbers, priority of work, daily and weekly planning, etc.
Punctuality and Timeliness
--in arriving on time to work, from breaks, from lunch, to meetings, in replying to letters and phone calls, in paying bills on time, etc. Occurring at the most suitable or opportune time.
--in arriving on time to work, from breaks, from lunch, to meetings, in replying to letters and phone calls, in paying bills on time, etc. Occurring at the most suitable or opportune time.
Quality of Products and Services
--in terms of presentation, functionality, choice, value, speed, timeliness, suitability, repeatability, reliability, life span, repeatability, courtesy, friendliness, etc.
--in terms of presentation, functionality, choice, value, speed, timeliness, suitability, repeatability, reliability, life span, repeatability, courtesy, friendliness, etc.
Regularity
--of meetings, reports, sales calls, performance reviews, and so forth
--of meetings, reports, sales calls, performance reviews, and so forth
Reliability
The way system or persons consistently produce the same results, preferably meeting or exceeding its specifications. Dependability.
The way system or persons consistently produce the same results, preferably meeting or exceeding its specifications. Dependability.
Responsiveness
The way people, the organization, systems, etc. react to a need coming from within or without.
The way people, the organization, systems, etc. react to a need coming from within or without.
Safety
--in offices, warehouses, production and research facilities, vehicles, for employees, vendors, customers. etc.
--in offices, warehouses, production and research facilities, vehicles, for employees, vendors, customers. etc.
Speed of Operations
The measurement of whether actions occur in the fastest time.
The measurement of whether actions occur in the fastest time.
Organizational
Values
Accountability
--of individuals, departments and divisions for performance, results, problems, and so on
--of individuals, departments and divisions for performance, results, problems, and so on
Communications
--up, down, and sideways within the company, with customers and vendors, in terms of openness, frankness, clarity, frequency, accuracy, timeliness, and brevity
--up, down, and sideways within the company, with customers and vendors, in terms of openness, frankness, clarity, frequency, accuracy, timeliness, and brevity
Cooperation (Teamwork)
--among individuals, departments, divisions, branches, and so on
--among individuals, departments, divisions, branches, and so on
Coordination
--horizontally between departments in terms of plans, activities, and systems
--horizontally between departments in terms of plans, activities, and systems
Discipline
--in adherence to company policy, rules, systems, procedures, schedules, standards, ethics, and so on
--in adherence to company policy, rules, systems, procedures, schedules, standards, ethics, and so on
Freedom for Initiative
of Employees
--to make suggestions, develop plans, make decisions, carry out or modify actions, and so on
--to make suggestions, develop plans, make decisions, carry out or modify actions, and so on
Integration
--for smooth operation vertically between different levels of the organization in terms of plans, decisions, and priorities
--for smooth operation vertically between different levels of the organization in terms of plans, decisions, and priorities
Standardization
--in terms of forms, files, procedures, reports, performance evaluations, equipment, training, recruitment, orientations, communications, and so on
--in terms of forms, files, procedures, reports, performance evaluations, equipment, training, recruitment, orientations, communications, and so on
Systemization
--in sales, marketing, customer service, accounting, research, production, engineering, estimating, recruitment, training, promotions, communications, coordination, reporting, and so on
--in sales, marketing, customer service, accounting, research, production, engineering, estimating, recruitment, training, promotions, communications, coordination, reporting, and so on
Continuous Improvement
The desire and ability of the company to develop and incorporate ways to improve itself.
Creativity
--in terms of new products, new ideas, new systems, new production methods, new applications of technology, new methods of financing, new marketing strategies
The desire and ability of the company to develop and incorporate ways to improve itself.
Creativity
--in terms of new products, new ideas, new systems, new production methods, new applications of technology, new methods of financing, new marketing strategies
Customer Delight
The positive emotional response and joy that the customer feels from interaction with our people and our products and services.
The positive emotional response and joy that the customer feels from interaction with our people and our products and services.
Decisiveness
--in solving problems, planning, executing plans, in terms of speed and commitment to decisions once made
--in solving problems, planning, executing plans, in terms of speed and commitment to decisions once made
Develop People
The desire and ability of the company to improve the lot of its employees, including, ultimately, their personal growth. Commitment to people
The desire and ability of the company to improve the lot of its employees, including, ultimately, their personal growth. Commitment to people
Harmony
The overall atmosphere and interaction between people, departments, divisions, systems, activities, rules, and policies within the company and between these elements and the external environment, customers, vendors, community laws, and so on.
The overall atmosphere and interaction between people, departments, divisions, systems, activities, rules, and policies within the company and between these elements and the external environment, customers, vendors, community laws, and so on.
Innovation
The desire and ability of the company to venture into new, breakthrough areas of opportunity. (e.g. in the industry, in emerging trends in society, etc.)
The desire and ability of the company to venture into new, breakthrough areas of opportunity. (e.g. in the industry, in emerging trends in society, etc.)
Integrity
Keeping to one's word, promises, agreements, being truthful, non-deceitful etc. with employees, customers, vendors, government, etc.
Keeping to one's word, promises, agreements, being truthful, non-deceitful etc. with employees, customers, vendors, government, etc.
Loyalty
--to and from suppliers, customers, and employees
--to and from suppliers, customers, and employees
Resourcefulness
The ability to deal resourcefully, i.e. creatively, imaginatively, self-reliably with unusual problems, difficult situations, or unanticipated opportunities.
The ability to deal resourcefully, i.e. creatively, imaginatively, self-reliably with unusual problems, difficult situations, or unanticipated opportunities.
Respect for the Individual
--in establishing rules and policies, design of systems, making decisions, executing instructions, and so on in terms of people's health, safety, self-esteem, feelings, and opinions
--in establishing rules and policies, design of systems, making decisions, executing instructions, and so on in terms of people's health, safety, self-esteem, feelings, and opinions
Service to Society
Community welfare, environmental protection, development of products and services that meet real physical, social, or psychological needs.
(A Will to ) SucceedCommunity welfare, environmental protection, development of products and services that meet real physical, social, or psychological needs.
--in any aspect of work
PRODUCTS AND PRICING
The products of business and pricing are crucial matters to consider and are as diverse as the human needs they exist to meet.
AROMATHERAPISTS BUSINESS PRACTICE NOTES
Sources of information
Types of business
Selection of a clinic position
Keeping records and accounts
Publicity and advertising
Source
of information
Before
opening a business it is wise to gather as much information as possible.
Sources of
information - library
- Citizens Advice Bureau
- high street banks
- small business advisory centres
- DSS
- county hall
Business
courses are run frequently at most colleges of further education.
Types of
business
Let us look
at the many different types of business to be considered, studying the
advantages and the disadvantages.
Practice at home: Advantages - No
travelling - low rent
Good
atmosphere
Relaxing
- confidential
Poss ibility of retail sales
Own
hours
Easy
to close for holidays
Easy
to book appointments
Disadvantages- Higher insurance rates
Extra
rates - large house or extension
Parking
spaces required for clients
Cost
of wiring/plumbing alterations
Licence
required? - ask local council
Planning
permission
Always
at work - lack of privacy
Answerphone
needed
Difficulty
re men clients for women practitioners
Problem
of children (yours and theirs)
Laundry
work
Cost
of decorations
Advertising
difficulties
No
shop window
Home visiting practice:
Advantages- Choose own hours
No
licence needed
Very
low overheads
Electricity
and heating paid by clients
Perhaps
use clients products, towels, etc
Good
client/therapist relationship - friendly
No
large capital outlay
No
(or little) laundry
Disadvantages- Client may not relax - children, callers, phone,
domestic problems
Large
car or van may be needed
No
casual customers
Answerphone
needed
Petrol
costs
Route
planning
Wasted
time
Parking
difficulties
Electricity,
plugs
Permanent clinic: Although a clinic of your own
could be very expensive to set up, there are many ways of subletting a business
within a business. For example, all the
following places may have space to rent for one, two or more days a week:
a) GP surgery or health centre
b) Leisure/sports centre
c) Health club
d) Complementary therapy surgery
e) Health food outlet
f) Chemist outlet
g) Hair and beauty salon
h) Trust hospital building
The
advantages of subletting are that you may well be able to use the existing
receptionist to take bookings when you are not there. Also the room will be looked after by your
landlord. You could have an exciting
career by working in a different environment each day of the week!
Advantages- Appointments easy to book
- receptionist
Professional
equipment
Advertising
Casual
- inquiries
Shop
window
Free
personal life when shop is shut
Retail
sales advantage
Men
clients
Disadvantages- High overheads
Licence? Planning?
Conform
to shop laws
Wages
bill?
Staff
problems/worry
Late
nights/fixed hours
Large
amount of capital needed
Money
tied up in stock
VAT
Holiday
arrangements difficult
Selecting a clinic position
Choose an
area, visit it and make a preliminary survey.
Inquire if there are many therapists in the area; check Yellow Pages,
local news, etc. Is it a dormitory area
or industrial? If most people in the
area are at work during the day, the evening work may be necessary.
Inside -
the clinic decor and layout should given an impression of efficiency,
cleanliness and success. The same
criteria apply to the uniforms.
Keeping records and accounts:
Information
needs to be kept to find out if the business is running at profit or loss and
to pinpoint any rectifiable loss. The
types of account books kept depend on size and form of business. All financial records should have definite
purpose and should be as simple as possible to cut down labour time. The clinic owner should decide what they
need, in consultation with an accountant.
An analysed cashbook is usually all that is necessary. The transactions of all businesses fall into
either Purchase or Sales. Purchases are
consumable stock (essential oils, carrier oils, lotions, creams, etc),
equipment (couches, trolleys), furniture (desk, chairs, filing cabinets, table)
and fixtures and fittings (basins).
The clinic
owner should file invoices in alphabetical order, check statements with
invoices and delivery notes and pay if correct.
Record in the cashbook by entering on the CREDIT (payments, out) side
and analysing the sum under the various columns. Thus, amounts spent on specific items (e.g.
rates, laundry etc.) can be seen. If
amount has been paid in cash, enter in CASH column: if paid by cheque use BANK
column.
The sales
(left hand side, debit, receipts, IN) side of the cashbook will show monies
received for professional treatments and sales of goods. Separate the totals each day.
The day’s
dockets should be sorted as soon as possible - the total (or totals) entered in
receipt side of cashbook. If desired the
receipts can be analysed in detail (e.g. by various types of treatment or by
practitioners, etc.) by using ANALYSIS COLUMNS.
Similarly with payments made.
This system
is very simple, easy to keep up, providing that all transactions are
meticulously entered in the CASHBOOK and kept up-to-date on a daily basis. This book, together with the supporting
documents, will provide enough information to enable you/your accountant to
satisfy the Inland Revenue (Income Tax) and Customs and Excise (VAT).
A real
benefit is that it will be possible to use the book for highlighting areas of
profitability/improfitability. This
method is known as single entry type of bookkeeping - open to error and
fraud. It is eminently suitable for the
small clinic.
For the
medium sized clinic a more comprehensive double entry system would be required.
Other records to be kept: Wages
book, deduction cards (tax), National Insurance cards, time book, stock books
and client records - all must be kept for 7 years.
Publicity
and Advertising
·
Newspapers
- Most newspapers will offer free services on layout of advertising, although
newspaper advertising is not always successful unless you have a permanent
clinic. Word of mouth is usually your
best form of advertising.
·
Shop window
·
Posters, leaflets - should be professional and
attractive. Always take plenty with you
if talking to a large group of people.
·
Public Relations - Talks and demonstrations to
interested groups (church, club, sporting, social, home parties, etc). Get in touch with women's page editors, offer
free massage for a write up and photo.
Offer to do a short weekly or monthly article on an oil or a condition -
always putting your name and telephone number in the article.
N.B. If doing
parties it is better to do skin care separately from common ailments so that
you can invite the same groups back again.
Business acumen: Selling treatments - often it
is more professional to do a full consultation as a separate first treatment,
offering enough time to choose comprehensive home treatment. This guides you as to the number and type of
treatments your client may need to feel benefit.
Always remain
in control of your client's visiting times - you tell the client when he/she
will need to come again, you are the professional. Often paying in advance can relieve the
embarrassment of asking for payment after a healing aromatherapy
treatment. Several sessions paid for in
one lump sum could mean you were able to offer discounts.
Always sell
home treatments for maximum results. Try
to involve the clients in their own treatment.
For example, if selling a cellulite treatment show the client how to body
brush, apply the oil with simple massage movements and then compress. This is much more impressive than saying,
"just slap it on". Sales of
skin care and home treatment products become part of your gross income - a
large part, and also impress your client.
Clients respond so well to informed home treatment routines, they pass
on the good news to others and your client list will grow.
Professional organisations and press: IFPA, IFA, NAHA, etc.
Aromatherapy Today, International
Journal of Aromatherapy,
FAITH
Skepticism or scepticism is generally any questioning attitude towards knowledge, facts, or opinions/beliefs stated as fact
all information to be well supported by evidence. Classical philosophical skepticism derives from the 'Skeptikoi', a school who "asserted nothing". Skeptics may even doubt the reliability of their own senses (particularly their eyes). Religious skepticism, on the other hand is "doubt concerning basic religious principles (such as immortality, providence, and revelation)" Scientists are often skeptics, who admit the possibility of knowledge based on evidence, but hold that new evidence may always overturn these findings.
Quotes
Scepticism usually involves one thought too many. (Ian Brealey)
SCEPTIC
The Bishop of Durham
The Rt Rev Justin Welby
meet the new Archbishop of Canterbury. A significant moment for peace and democracy.
Ian Brealey
Find out more
BUSINESS SAYINGS OF MENTORS
Like a picture looking for often repeated sayings often conveys more than many words.
The reader can think of life and business sayings from their own experience of life and mentoring to illustrate the four fundamental principles: justice (fairness), mutual respect (love and consideration), stewardship (trusteeship) and honesty (truthfulness) and their application to stakeholders. employees, providers of finance, customers, suppliers, community and owners to achieve business success.
Here are some by way of example. What would they say?
Four fundamental principles:
justice (fairness),
“In case of dissension, never dare to judge till you've heard the other side.”(Euripedes)
“Fairness does not mean everyone gets the same. Fairness means everyone gets what they need.”(Riordan)
mutual respect (love and consideration),
A YOUTH IS TO BE REGARDED WITH RESPECT. HOW DO WE KNOW THEIR FUTURE WILL NOT BE EQUAL TO OUR PRESENT. (Confucius)
stewardship (trusteeship)
THE YOUTH OF A NATION ARE THE TRUSTEES OF POSTERITY (Disraeli)
and honesty (truthfulness)
HONESTY IS THE BEST POLICY
“People are often unreasonable and self-centered. Forgive them anyway.
If you are kind, people may accuse you of ulterior motives. Be kind anyway.
If you are honest, people may cheat you. Be honest anyway.
If you find happiness, people may be jealous. Be happy anyway.
The good you do today may be forgotten tomorrow. Do good anyway.
Give the world the best you have and it may never be enough. Give your best anyway.
For you see, in the end, it is between you and God. It was never between you and them anyway.”(Mother Theresa)
and their application to
stakeholders.
Do to others whatever you would like them to do to you. This is the essence of all that is taught in the law and the prophets. (Matthew)
employees,
NO ONE IS INDISPENSIBLE
providers of finance,
NEVER A LENDER OR BORROWER BE
customers,
THE GOLDEN RULE IS THAT THOSE WITH THE GOLD MAKE THE RULES
suppliers,
WE ARE HERE TO HELP OUR SUPPLIERS
community and
RESPECT THE LAW
owners
LOYALTY WHERE IT IS DUE
to achieve business success.
RICHARD BRANSON WRITING ON LINKEDIN
As LinkedIn is a business that started in a living room, much like
Virgin began in a basement, I thought my first blog on the site should
be about how to simply start a successful business. Here are five top
tips I’ve picked up over the years.
THREE CASE STUDIES
I am sure the reader can think of case studies from their own experience of life to illustrate the four fundamental principles: justice (fairness), mutual respect (love and consideration), stewardship (trusteeship) and honesty (truthfulness) and their application to stakeholders. employees, providers of finance, customers, suppliers, community and owners to achieve business success.
Here I offer three case studies of business success I am familiar with.
Ian's 30 minute talk will take in entrepreneurship case studies large and small, public and private
You can found out more on his website www.brealeyfoster.net.
- the why and the how
a midland success story www.shirleyprice.co.uk
business planning
the Midland Quarry story - http://www.prideincamphill.co.uk/places/Midland%20Quarry%20%28Phase%204%29/
human values in business - trust
- connecting education with business
the Studio college - http://www.midlandstudiocollege.co.uk/
CASE STUDY
SHIRLEY PRICE Who is Shirley Price?
Shirley Price is a leader in Womens Health and wellbeing. Along with Robert Tisserand she took essential oils use into hospitals and helped establish aromatherapy as a profession.
1. Listen more than you talk
We
have two ears and one mouth, using them in proportion is not a bad
idea! To be a good leader you have to be a great listener. Brilliant
ideas can spring from the most unlikely places, so you should always
keep your ears open for some shrewd advice. This can mean following
online comments as closely as board meeting notes, or asking the
frontline staff for their opinions as often as the CEOs. Get out there,
listen to people, draw people out and learn from them.
2. Keep it simple
You
have to do something radically different to stand out in business. But
nobody ever said different has to be complex. There are thousands of
simple business solutions to problems out there, just waiting to be
solved by the next big thing in business. Maintain a focus upon
innovation, but don’t try to reinvent the wheel. A simple change for the
better is far more effective than five complicated changes for the
worse.
3. Take pride in your work
Last
week I enjoyed my favourite night of the year, the Virgin Stars of the
Year Awards, where we celebrated some of those people who have gone the
extra mile for us around the Virgin world. With so many different
companies, nationalities and personalities represented under one roof,
it was interesting to see what qualities they all have in common. One
was pride in their work, and in the company they represent. Remember
your staff are your biggest brand advocates, and focusing on helping
them take pride will shine through in how they treat your customers.
4. Have fun, success will follow
If
you aren’t having fun, you are doing it wrong. If you feel like getting
up in the morning to work on your business is a chore, then it's time
to try something else. If you are having a good time, there is a far
greater chance a positive, innovative atmosphere will be nurtured and
your business will fluorish. A smile and a joke can go a long way, so be
quick to see the lighter side of life.
5. Rip it up and start again
If
you are an entrepreneur and your first venture isn’t a success, welcome
to the club! Every successful businessperson has experienced a few
failures along the way – the important thing is how you learn from them.
Don’t allow yourself to get disheartened by a setback or two, instead
dust yourself off and work out what went wrong. Then you can find the
positives, analyse where you can improve, rip it up and start again.
THREE CASE STUDIES
I am sure the reader can think of case studies from their own experience of life to illustrate the four fundamental principles: justice (fairness), mutual respect (love and consideration), stewardship (trusteeship) and honesty (truthfulness) and their application to stakeholders. employees, providers of finance, customers, suppliers, community and owners to achieve business success.
Here I offer three case studies of business success I am familiar with.
Ian's 30 minute talk will take in entrepreneurship case studies large and small, public and private
You can found out more on his website www.brealeyfoster.net.
- the why and the how
a midland success story www.shirleyprice.co.uk
business planning
the Midland Quarry story - http://www.prideincamphill.co.uk/places/Midland%20Quarry%20%28Phase%204%29/
human values in business - trust
- connecting education with business
the Studio college - http://www.midlandstudiocollege.co.uk/
CASE STUDY
SHIRLEY PRICE Who is Shirley Price?
Shirley Price is a leader in Womens Health and wellbeing. Along with Robert Tisserand she took essential oils use into hospitals and helped establish aromatherapy as a profession.
Lifetime achievement
Many congratulations to Shirley Price on receiving a Lifetime Achievement Award from
the Alliance of International Aromatherapists (AIA), USA on 30th September 2011.
Well known to IFPA members through her teaching, products and books (including
Many congratulations to Shirley Price on receiving a Lifetime Achievement Award from
the Alliance of International Aromatherapists (AIA), USA on 30th September 2011.
Well known to IFPA members through her teaching, products and books (including
Practical Aromatherapy, The Aromatherapy
workbook, and Aromatherapy for Health
Professionals), Shirley has been a major force in UK aromatherapy for almost 4
decades, continually working to raise the professions profile and promote good practice.
She trained with Eve Taylor, Elizabeth Jones and Arnoud Taylor and later, with her
husband len, founded the Shirley Price International College and Shirley Price
professional Aromatherapy (since 1998 under new ownership). She also helped
establish several UK aromatherapy bodies including the ISPA and IFA and the
Aromatherapy Trades Council.
The AIA noted Shirley Price's determination to source and sell only genuine essential oils,
to develop high quality professionalo education, and to encourage unity among
professional associations. They also highlighted her development of Swiss Reflex
therapy; her involvement in clinical work on burns and on Parkinsons disease; and her
worldwide teaching and lecturing.
Professionals), Shirley has been a major force in UK aromatherapy for almost 4
decades, continually working to raise the professions profile and promote good practice.
She trained with Eve Taylor, Elizabeth Jones and Arnoud Taylor and later, with her
husband len, founded the Shirley Price International College and Shirley Price
professional Aromatherapy (since 1998 under new ownership). She also helped
establish several UK aromatherapy bodies including the ISPA and IFA and the
Aromatherapy Trades Council.
The AIA noted Shirley Price's determination to source and sell only genuine essential oils,
to develop high quality professionalo education, and to encourage unity among
professional associations. They also highlighted her development of Swiss Reflex
therapy; her involvement in clinical work on burns and on Parkinsons disease; and her
worldwide teaching and lecturing.
CODES OF ETHICS
Ethics among shareholders, owners, directors and management are a necessary element for companies to balance the rights and interests of all stakeholders involved.
Berkshire Hathaway Inc
Boeing
Coca Cola
Intercontinental hotels
Oracle
PWC
Reed Elsevier
THE INDIVIDUAL
We come now to consideration of the individual psychological and habitual landscape. In this short guide I provide only a few notes and pointers as to where the reader might want to look for more information.
We are in the realm of need and mood. If you pick up any newspaper you can see that our concerns centre around birth, life and death. The two most dramatic events of our lives are perhaps our birth and death. In our lives on average we and the earth we live on make our way around the Sun 80 times (a year) while the earth rotates and the sun rises and sets 365 times (a year). Our and our planets travel around the sun gives us the four seasons. The Moon does not take exactly one month to travel around the earth but its close - on average 29.5 days.
The brain is the most complex invention in the universe and gives us the unparalled ability to think. It is easy to become very confused when confronted with the workings of the human mind which is still not fully understood.
Habits are important. Particularly in Business. You want customers to get into the habit of dealing with you and your organisation.
In life we can get some guidance from the medieval writings and visionary illustrations of St Hildegard. I will leave this to those who wish to explore this further.
1 | Amor saeculi | Material Love | Amor caelestis | Heavenly love |
2 | petulentia | Petulance | Disciplina | Discipline |
3 | Joculatrix | Love of entertainment | Verecundia | Love of Simplicity |
4 | obduratio | Hard heartedness | Misericordia | Compassion |
5 | Ignavia | Cowardice, resignation | Divinia victoria | Gods victory |
6 | Ira | Anger, criminality | Patientia | Tranquility |
7 | Inepta laetitia | Inappropriate Mirth | Gemitus ad deum | Yearning for God |
8 | Ingluvies ventri | Gluttony | Abstinentia | Abstinence |
9 | Acerbitas | Bitterness of heart | Vera largitas | Generosity |
10 | Impietas | Wickedness. Infamy | Pietas | Devotion |
11 | Fallacitas | Lying | Veritas | Truth |
12 | Contentio | Contention | Pax | Peace |
13 | Infelicitas | Unhappiness | Beatitudo | Blessedness |
14 | Immoderatio | Immoderation, anarchy | Discretio | Discretion, moderation |
15 | Perditio | Doom | Salvatio animarum | Salvation |
16 | Superbia | Arrogance | Humilitas | Humility |
17 | Invidia | Envy | Charitas | Charity |
18 | Inanis gloria | Thirst for glory | Timor domini | Reverence for God |
19 | Inobedientia | Disobedience | Obedentia | Obedience |
20 | Infidelitas | Lack of faith | Fides | Faith |
21 | Desparatio | Despair | Spes | Hope |
22 | Luxuria | Obscenity | Castitas | Chastity |
23 | Injusticia | Injustice | Justitia | Justice |
24 | Torpor | Lethargy | Fortitudo | Fortitude |
25 | Oblivio | Oblivion | Sanctitas | Holiness |
26 | Inconstantia | Instability | Constantia | Stability |
27 | Cura terrenorum | Concern for worldly goods | Caeleste desiderum | Heavenly desire |
28 | Obstantio | Obstinacy | Compunctio cordis | remores, compunction |
29 | Cupiditas | Craving | Contemptus mundi | Letting go |
30 | Discordia | Discord | Concordia | Concord |
31 | Scurrilitas | Scurrility | Reverentia | Reverence |
32 | Vagatio | Vagabondage | Stabilitas | Stability |
33 | Maleficium | Occultism | Cultus dei | Dedication to god |
34 | Avaritia | Avarice | Sufficientia | Satisfaction |
35 | Tristia saeculi | Melancholy | Caeleste gaudium | Heavenly joy |
You might like to think of emotion as a balance the body strikes between vice and virtue according to the internal and external circumstances perceived. Today computor science is giving us remakable insights in human emotion and its role in the brain. This can help us know ourselves and know others.
The Universal Declaration of Human Rights
PREAMBLE
Whereas recognition of the inherent dignity and of the equal and inalienable rights of all members of the human family is the foundation of freedom, justice and peace in the world,Whereas disregard and contempt for human rights have resulted in barbarous acts which have outraged the conscience of mankind, and the advent of a world in which human beings shall enjoy freedom of speech and belief and freedom from fear and want has been proclaimed as the highest aspiration of the common people,
Whereas it is essential, if man is not to be compelled to have recourse, as a last resort, to rebellion against tyranny and oppression, that human rights should be protected by the rule of law,
Whereas it is essential to promote the development of friendly relations between nations,
Whereas the peoples of the United Nations have in the Charter reaffirmed their faith in fundamental human rights, in the dignity and worth of the human person and in the equal rights of men and women and have determined to promote social progress and better standards of life in larger freedom,
Whereas Member States have pledged themselves to achieve, in co-operation with the United Nations, the promotion of universal respect for and observance of human rights and fundamental freedoms,
Whereas a common understanding of these rights and freedoms is of the greatest importance for the full realization of this pledge,
Now, Therefore THE GENERAL ASSEMBLY proclaims THIS UNIVERSAL DECLARATION OF HUMAN RIGHTS as a common standard of achievement for all peoples and all nations, to the end that every individual and every organ of society, keeping this Declaration constantly in mind, shall strive by teaching and education to promote respect for these rights and freedoms and by progressive measures, national and international, to secure their universal and effective recognition and observance, both among the peoples of Member States themselves and among the peoples of territories under their jurisdiction.
Article 1.
- All human beings are born free and equal in dignity and rights.They are endowed with reason and conscience and should act towards one another in a spirit of brotherhood.
Article 2.
- Everyone is entitled to all the rights and freedoms set forth in this Declaration, without distinction of any kind, such as race, colour, sex, language, religion, political or other opinion, national or social origin, property, birth or other status. Furthermore, no distinction shall be made on the basis of the political, jurisdictional or international status of the country or territory to which a person belongs, whether it be independent, trust, non-self-governing or under any other limitation of sovereignty.
Article 3.
- Everyone has the right to life, liberty and security of person.
Article 4.
- No one shall be held in slavery or servitude; slavery and the slave trade shall be prohibited in all their forms.
Article 5.
- No one shall be subjected to torture or to cruel, inhuman or degrading treatment or punishment.
Article 6.
- Everyone has the right to recognition everywhere as a person before the law.
Article 7.
- All are equal before the law and are entitled without any discrimination to equal protection of the law. All are entitled to equal protection against any discrimination in violation of this Declaration and against any incitement to such discrimination.
Article 8.
- Everyone has the right to an effective remedy by the competent national tribunals for acts violating the fundamental rights granted him by the constitution or by law.
Article 9.
- No one shall be subjected to arbitrary arrest, detention or exile.
Article 10.
- Everyone is entitled in full equality to a fair and public hearing by an independent and impartial tribunal, in the determination of his rights and obligations and of any criminal charge against him.
Article 11.
- (1) Everyone charged with a penal offence has the right to be presumed innocent until proved guilty according to law in a public trial at which he has had all the guarantees necessary for his defence.
- (2) No one shall be held guilty of any penal offence on account of any act or omission which did not constitute a penal offence, under national or international law, at the time when it was committed. Nor shall a heavier penalty be imposed than the one that was applicable at the time the penal offence was committed.
Article 12.
- No one shall be subjected to arbitrary interference with his privacy, family, home or correspondence, nor to attacks upon his honour and reputation. Everyone has the right to the protection of the law against such interference or attacks.
Article 13.
- (1) Everyone has the right to freedom of movement and residence within the borders of each state.
- (2) Everyone has the right to leave any country, including his own, and to return to his country.
Article 14.
- (1) Everyone has the right to seek and to enjoy in other countries asylum from persecution.
- (2) This right may not be invoked in the case of prosecutions genuinely arising from non-political crimes or from acts contrary to the purposes and principles of the United Nations.
Article 15.
- (1) Everyone has the right to a nationality.
- (2) No one shall be arbitrarily deprived of his nationality nor denied the right to change his nationality.
Article 16.
- (1) Men and women of full age, without any limitation due to race, nationality or religion, have the right to marry and to found a family. They are entitled to equal rights as to marriage, during marriage and at its dissolution.
- (2) Marriage shall be entered into only with the free and full consent of the intending spouses.
- (3) The family is the natural and fundamental group unit of society and is entitled to protection by society and the State.
Article 17.
- (1) Everyone has the right to own property alone as well as in association with others.
- (2) No one shall be arbitrarily deprived of his property.
Article 18.
- Everyone has the right to freedom of thought, conscience and religion; this right includes freedom to change his religion or belief, and freedom, either alone or in community with others and in public or private, to manifest his religion or belief in teaching, practice, worship and observance.
Article 19.
- Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.
Article 20.
- (1) Everyone has the right to freedom of peaceful assembly and association.
- (2) No one may be compelled to belong to an association.
Article 21.
- (1) Everyone has the right to take part in the government of his country, directly or through freely chosen representatives.
- (2) Everyone has the right of equal access to public service in his country.
- (3) The will of the people shall be the basis of the authority of government; this will shall be expressed in periodic and genuine elections which shall be by universal and equal suffrage and shall be held by secret vote or by equivalent free voting procedures.
Article 22.
- Everyone, as a member of society, has the right to social security and is entitled to realization, through national effort and international co-operation and in accordance with the organization and resources of each State, of the economic, social and cultural rights indispensable for his dignity and the free development of his personality.
Article 23.
- (1) Everyone has the right to work, to free choice of employment, to just and favourable conditions of work and to protection against unemployment.
- (2) Everyone, without any discrimination, has the right to equal pay for equal work.
- (3) Everyone who works has the right to just and favourable remuneration ensuring for himself and his family an existence worthy of human dignity, and supplemented, if necessary, by other means of social protection.
- (4) Everyone has the right to form and to join trade unions for the protection of his interests.
Article 24.
- Everyone has the right to rest and leisure, including reasonable limitation of working hours and periodic holidays with pay.
Article 25.
- (1) Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing and medical care and necessary social services, and the right to security in the event of unemployment, sickness, disability, widowhood, old age or other lack of livelihood in circumstances beyond his control.
- (2) Motherhood and childhood are entitled to special care and assistance. All children, whether born in or out of wedlock, shall enjoy the same social protection.
Article 26.
- (1) Everyone has the right to education. Education shall be free, at least in the elementary and fundamental stages. Elementary education shall be compulsory. Technical and professional education shall be made generally available and higher education shall be equally accessible to all on the basis of merit.
- (2) Education shall be directed to the full development of the human personality and to the strengthening of respect for human rights and fundamental freedoms. It shall promote understanding, tolerance and friendship among all nations, racial or religious groups, and shall further the activities of the United Nations for the maintenance of peace.
- (3) Parents have a prior right to choose the kind of education that shall be given to their children.
Article 27.
- (1) Everyone has the right freely to participate in the cultural life of the community, to enjoy the arts and to share in scientific advancement and its benefits.
- (2) Everyone has the right to the protection of the moral and material interests resulting from any scientific, literary or artistic production of which he is the author.
Article 28.
- Everyone is entitled to a social and international order in which the rights and freedoms set forth in this Declaration can be fully realized.
Article 29.
- (1) Everyone has duties to the community in which alone the free and full development of his personality is possible.
- (2) In the exercise of his rights and freedoms, everyone shall be subject only to such limitations as are determined by law solely for the purpose of securing due recognition and respect for the rights and freedoms of others and of meeting the just requirements of morality, public order and the general welfare in a democratic society.
- (3) These rights and freedoms may in no case be exercised contrary to the purposes and principles of the United Nations.
Article 30.
- Nothing in this Declaration may be interpreted as implying for any State, group or person any right to engage in any activity or to perform any act aimed at the destruction of any of the rights and freedoms set forth herein.
LINKS
Synchronicity
Brain Science
Wellbeing
Economy
BACKCOVER
Quote:
"In business we need to be hard headed not hard hearted." Ian Brealey
"Human values for business are absolutes. Human values for spirituality are relatives (lying between two absolutes of habits of vice and virtue. Human values for business success combine business and spirituality. In politics and company direction we call it democracy. Democracy is not tyranny of the leadership and not mob rule it lies between these two absolutes, a precarious living balance that is tested day to day."
more
"Human values for business are absolutes. Human values for spirituality are relatives (lying between two absolutes of habits of vice and virtue. Human values for business success combine business and spirituality. Success can come to those with wildly divergent spirituality but a spirituality of some kind. Humanism is a spirituality - a belief. In politics and company direction we call this combination of human values democracy. Democracy is not tyranny of the leadership and not assertive mob rule it lies between these two absolutes, a precarious living balance that is tested day to day. Democracy rests on compassion having at its heart a belief that government of a nation or the smallest business enterprise exists to maintain and improve the condition of the people within its scope, not just its leader or owner. Democracy relies on pride and patriotism. Democracy depends on the truthfulness, integrity, objectivity, competance, diligence, on trust and the love of those it serves." Ian Brealey
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