Honesty in a Business

September 3, 2007

by Tetsutaro Mameda

On August 16, we had a guest speaker. During the talk, he showed us his criteria for hiring an employee. One of the criteria is honesty.

What do you think that honesty is important in a business?

I agree with him. Honesty is one of the most important characteristic in a business. Recently few well known companies in Japan had scandals which came from dishonesty. Fujiya, for example, which is famous sweets company, used of expired milk in cream puffs. Other example is livedoor case. Livedoor was quick growth IT Company. However, its 90% of revenue came from financial business. The management group committed a financial fraud. After that, Japanese stock marked went down. Dishonesty is the cause of the scandal. They caused huge negative impact to economics.

An entrepreneur needs to keep honesty in s/he mind when a company is growing bigger and bigger. A small injustice reads to a huge illegality.


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