Topic > Trust in business is a means to better results...

All businesses strive to be effective and efficient. While the hallmarks of a capitalist economy are self-interest and competition, cooperation is also necessary to promote efficiency and productivity. For a company to be successful, people within it must develop relationships with each other and outside the organization to work together. These relationships are a function of trust. Trust is confidence in the integrity, ability, or character of a person or thing. Therefore, building trust is a critical step towards maintaining and promoting business efficiency. However, in terms of business ethics, the sole purpose of using trust is to promote business efficiency. Customers and the community place trust in companies and their methods by purchasing their products. Businesses trust trustees to act for them by working with them to gain their expertise. Even within a company there is trust in the form of employee-employer relationships. For example, employees trust that they will receive compensation for their work after certain time intervals or after producing certain units of output. If trust is lacking, these relationships will disintegrate and business efficiency will be reduced. However, trust in business can be used as a manipulative tool by managers and employers to get more out of their employees. Managers may sometimes “empower” one of their employees as a gift of “trust” only to give them more responsibility than they can chew as a blame system that isn't really in their control. This form of trust is "false" and negative. Anita Superson supports the idea of ​​the need for strong employer-employee relationships in the workplace. “The emplo...... middle of paper ...... entrusting others with the task of completing one's work efficiently. Bibliography Solomon, Robert C. and Flores, Fernando "Building Trust." Honest Work: 91-94.Superson, Anita A. “The Employer-Employee Relationship and the Right to Know.” Honest Work: 26-29.Ciulla, Joanne B. “From Curse to Calling: A Brief History of the Meaning of Work.” Honest Work: 5-9.Orlando, John. “The Ethics of Corporate Downsizing.” Honest work: 30-33. Solomon, Robert C. "Why Ethics?" Honest work: 136-138.Bok, Sissela. “Defining Secrecy: Some Crucial Distinctions.” Honest work: 72-75. Solomon, Robert C. "Is It Ever OK to Lie?" Honest Work: 69-72.Boatright, John R. “Financial Ethics” Honest Work: 169-175.Bok, Sissela. “Whileblowing and professional responsibility.” Honest Work: 398-402.Moore, Jennifer. “What's Really Unethical About Insider Trading.” Honest work: 176-183.