What Are the Consequences of Lacking Character in Business?
The absence of character in business can lead to significant negative consequences. It can result in legal issues and financial penalties if unethical practices are uncovered. A lack of character can also damage an organization’s reputation, leading to a loss of trust among customers, investors, and employees. This erosion of trust can result in decreased sales, lower employee morale, and difficulty in attracting top talent. Ultimately, it can jeopardize the long-term viability of the business.