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CAN'T WRITE A SPEECH OR PRESENTATION? GET SOMEONE ELSE TO DO IT FOR YOU
When it comes to writing and delivering a speech, many individuals become increasingly intimidated. This feeling of dread is only worsened if the presentation hosts higher ranking company officials that can potential make or break your...
Career Resolutions -- Make Them Stick in 2006
A December 2005 study by executive search firm Korn-Ferry revealed that 70% of executives plan to make a career related New Year's resolution. Yet, experience shows that more than 80% of them will be significantly off-track before the end of...
Do You Have A Vision For Your Online Business?
A characteristic of many successful businesses (both online and off-line) is that they have a vision for their business. They know what they are working towards, and they are creating a business that will be like their vision of the future. It...
The Real Truth About Making Money on the Internet
Are you thinking about starting an online business? Have you already started one and you’re not making the money you’d like to? If you answer yes to either of these questions then there are some truths about internet marketing that you need to...
Wrapping Up Your Year in Present Time
T he end of the year is a natural time for reflection. And depending what frame of mind you're in, the changing year can either feel great-or miserable. Are you counting your blessings or counting your hard luck stories? B efore you even...
 
Ethical Competition with Grace and Good Sense

Using Grace and Good Sense for Ethical Competition

While all companies have the right to do business; this does frequently present a question with regards to ethical behavior when it comes to competition.

How much should you trust the "other" guy? How much should you tell the "big" guy? How far apart should you really set yourself?

Sure, you can always answer the questions of your competitors, but how much information is enough, and how much is too much? There is a difference between working with integrity, and simply handing all of your “secrets” over to the competition.

These are things you will need to ask yourself every time another competing businessperson or person in a similar industry approaches you with questions with regards to your services, rates, and other business-related information. How much should your competition really know about you?

There are some points that you can politely and professionally decline to give away, but you must have enough integrity to not seek the same information from the competitor to whom you have previously denied your own information. These points include:

Your rates - how you develop your rates is your business, and allowing the competition to know how to calculate rates will lose you an important advantage.

Where you get your sales - you have worked hard to develop your customer base. You needn’t provide your competitors a free ride.

Try to maintain an understanding with your competition that neither you, nor they will badmouth each other, should a customer "switch sides." You can establish this policy by simply creating an example.

Make


certain that your competition does not ask your friends and associates who your customer are, so that they can hone in on your existing business.

While making sure that you’re not being copied, you should also be original and join your own committees that you feel will be beneficial to you. You want to develop your own purposes and interests, not those of your competitor.

Make certain that other companies do not take your slogan and modify it slightly for their own use - and don’t do this yourself. At most, use other slogans for inspiration.

Watch the copyright on your ads. Your ads should not be copied close to word-for-word, and you should not copy the ads of others'.

Don't feel the need to associate with the competition after meetings. Your competition may simply be honing in on your sales opportunities. Work the room equally, so that nobody is taking advantage of your friendliness.

While you don't need to take the attitude that the business world is a war ground, you should also make certain that nobody is taking advantage of your knowledge, integrity and hard work. Remember that it is a small world. We are all judged on the way in which we speak about others, how we compete, and our feelings towards others. Be professional and work with grace at all times, and you will never need to concern yourself with ethics in your business.


About the Author

********************
Copyright 2004
Kate Smalley, President
Connecticut Secretary
Specializing in Transcription and Freelance
Secretarial Services
http://www.connecticutsecretary.com
kms@connecticutsecretary.com
********************

 

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