Chapter Ten. Ethics, Honor, Integrity, and the Law

I consider Drucker’s lessons on the subject of ethics, honor, and integrity to be among his most important and relevant. This is even more important today because the world has shrunk so much that most businesses must deal with foreign cultures with very different beliefs and value systems from our own.

In the 1970’s the United States had gone through a number of national scandals. First there was Watergate, which eventually resulted in Richard Nixon’s resignation from the presidency, and there were corporate scandals. In some respects, these scandals and others rivaled those we have seen in recent years. They certainly got our attention.

Lockheed Aircraft bribed the Japanese government to subsidize ...

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