Companies that practice what they preach are usually companies that succeed. There is a clear connection between organizations that practice ethical business practices and improved financial performance. And while outlining core values and a corporate mission is important, if organizations can’t follow up on promises and walk the talk, those promises ring hollow.
When I think about the property management industry, the idea of walking the talk by conducting business in an ethical manner is top of mind. Business ethics relates to companies’ business policies and practices regarding governance, discrimination, social responsibility and fiduciary responsibility. Each of these concerns is extremely important in the world of property management and can be impactful to the business.