Being successful Quote by Lee R. Raymond
“He or she must be successful in economic terms, but always within an ethical framework. Whether his or her constituency is a corporation and its shareholders or the customers in a small and privately held business, his or her first responsibility is to serve that constituency.”
About This Quote
Source Policy: Corporate Ethics Guidelines, 2015
Success must be measured economically but always within ethical limits, serving the interests of the specific constituency, whether large or small.
In simple terms: Success needs profit and ethics.
Key Takeaway
Prioritize ethical decisions while achieving goals.
Themes
ethics
leadership
responsibility
Mood
pragmatic
serious
Type
business
leadership
When to use this quote
- budgeting
- strategic planning
- customer service
Key Concepts
business ethics
stakeholder theory
governance
Questions to Reflect On
- How do you balance profit and ethical duties?
- What mechanisms ensure ethical accountability?
A Different Perspective
Profit pressure can conflict with ethics.
