Two practical guidelines for resolving truth-telling problems
J. Brooke Hamilton III, David Strutton
Journal of Business Ethics · 1994 · Volume 13 · Issue 11
Abstract
The news reminds us almost daily that the “truth” is apparently not highly valued by many in business. This paper develops two prescriptive standards — the Expectation and Reputation guidelines — that may help businesspeople avoid violating clearly accepted truth standards. The guidelines also assist in determining whether truth is required in circumstances where honesty seems in conflict with the practical demands of business. A discussion of why, when and how these guidelines may be applied to facilitate truth-telling by business organizations follows, along with illustrative examples.
Keywords
Economic Growth, Business Organization, Practical Guideline, Truth Standard, Prescriptive Standard
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