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Why Business Ethics is Important?

Why Business Ethics is Important?
Ethics is knowing the difference between what you have a right to do and what is right to do. Tell us what do you think about Elon Musk’s Business Decision? This is a classic case for an ethical debate. Tesla CEO Elon Musk has been facing criticism for his plan to charge Twitter users USD 8 a month to get or keep a verified account. pic.twitter.com/3t5ahItE5z— Elon Musk (@elonmusk) November 8, 2022 He shared a hilarious meme in which he claims, while people are happy to pay $8 for a Starbucks coffee but complain about paying for a Twitter verification tick. He then shared another photo of a $58 sweatshirt. pic.twitter.com/kGncG7Hs3M— Elon Musk (@elonmusk) November 2, 2022 Visit our Gumroad Shop where we offer great digital products that will aid you in completing your projects both at workplace and home front. Planner printables, Inspirational Quotes, Checklists for all genres, DIY Ideas, Business Ebooks and much more…Our motto is “Maximum Value at Affordable Prices.” Professional code of ethics will encompass the following IntegrityAttitudeKnowing your limitsBeing fairBeing true to yourselfLeading by exampleAlways trying your hardestSeeking constant improvementBeing open mindedBeing grateful Read on – Famous examples of Social Enterprises Business ethics is the code of conduct imposed on employees or members of certain profession. Examples include punctuality, time management, confidentiality and transparency. While personal ethics govern a person’s whole life, it might be a good place to start -since it lays the foundation that helps the individuals to project the same values into their work practices. There is a saying that inspires me to the core – “If people don’t know you for your work ethic, you ain’t working.” Integrity gives you real freedom because you have nothing to fear since you have nothing to hide. What are the differences between these three? Charity – Non profit, not generating revenue or profit Social Enterprise – A combination of business and social goals, but with emphasis on the latter. Profit is reinvested in community or company. For Profit Company – Profit maximizing company, CSR and social impact considered add-ons to the core business agenda. So, lets talk about social business. What is a Social Business? A business that is designed and created to solve a social or an environmental problemA non dividend business The 7 principles behind a social business shall be Social and environmental issue is the business objectiveFinancial and economic stabilityInvestors get back their investment amount onlyOnce investments are paid back, the profits are reinvested for expansionEnvironmentally consciousWorkforce gets market wage with better working conditionsDoing it with joy Let’s find out how to create an ethical framework Define your core values early onIntegrate ethics in your hiring processLead by exampleCreate a culture of openness and welcome dissentCraft values everyone can ownLearn from immediate peers or distant modelsRemember that institutional character is fragileKnow your limits as a leaderEstablish an independent board Now brands talk so much about sustainability and being eco friendly. While it is manadatory for us to recycle the resources for the well being of forthcoming generations and to reduce pollution, how many businesses are truly satisfying their social reponsibilty is a million dollar question. Shop Local I personally feel “supporting local small businesses” is a genuine and direct way of contributing to the society as a responsible individual. 7 Reasons To Shop Local And Support Small Businesses – This is a great read as to why you should consider shopping local instead of big chain...
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How to Create an Ideal Logo for Your Brand?

How to Create an Ideal Logo for Your Brand?
What is an Ideal Logo? An ideal logo is distinct, appropriate, practical, graphic, and basic in form, and it expresses the intended message of the owner. An effective logo typically has an idea or “meaning” that conveys the desired message.  What Element of the Logo is Crucial? Identifiable. Your logo must, above all, be quickly recognised as part of your brand. It should unmistakably convey the principles and products of your company. Consider how the use of colour and type might affect how the design is perceived. What Exactly are Minimal Logos? A minimalist logo eliminates superfluous colours and decorations to produce a mark that is at least as powerful as a complex design. Don’t mistake minimalism for an unfinished or basic appearance. Although simple, minimalist logos are not simplistic. Why do Businesses use Simple Logos? Instant Recognition Is a Strength of Minimalist Logos Wordmarks that stand on their own attract attention and have a strength that excessive imagery lacks. This design approach produces a contemporary aesthetic that can develop and expand with the business by strictly using text and large fonts. Are Minimalist Logos Good? The research suggests that minimalist logos aren’t effective because they do not convey what the business does. Minimalist logos, according to the research, do not translate to making a brand more profitable. For new firms who seek the advantages of both a distinctive typography and a distinctive symbol, combination logos are wonderful. Abstract logos use graphic components to convey a message. Customers are more likely to recall abstract logo forms since the human brain is stronger at remembering distinctive designs. What are 3 Things a Logo Should be? Appropriate – The tone of a logo should be appropriate. It doesn’t have to say all that much.Distinctive and Memorable – It must be different enough to stick with us. The “doodle test” ought to be successful.Simple – Logos are exhibited in a variety of mediums and sizes. It needs to be able to be produced in every pixel size. Because of this, a good logo is one that is incredibly, incredibly simple. The 9 Types of Logos 1. Wordmarks/logotypes As their logo will show on all of their marketing materials, wordmarks are a wonderful option for businesses with memorable names or those looking to spread their name throughout the world. 2. Lettermarks/monogram logos For companies with a decent level of brand recognition already, letterform logos are a wise choice. Otherwise, it could be difficult to persuade people to recognise and remember the name of your business. Long-named brands can also benefit from them. 3. Letterforms It’s usual practise for brands to utilise their name’s abbreviation. If you’re working within such parameters, you could wish to follow tradition and design a lettermark logo. For companies with lengthy names who wish to make a condensed version more memorable, lettermarks are a popular option. 4. Logo symbols/Brand marks/Pictorial marks Finding the ideal illustration for your logo symbol might be difficult, especially if your company is still relatively new. It may take some time for customers to remember your logo and associate it with your business, and you may grow, change, and add new products as time goes on. Utilizing these kinds of logos has the benefit of establishing a powerful tone of voice. A cleverly created logo can become quite memorable if your business becomes well known. 5. Abstract Logo Marks If you decide to create this style of logo, make sure you’ve established your brand identity and know exactly what you want to communicate to your target audience. Additionally, for international firms whose names don’t translate well into multiple languages, an abstract logo mark can be...
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