Procura’s Post

Aligning your business practices with sustainability, ethics, and innovation is essential. Our comprehensive advisory services are crafted to help organizations not only excel in their procurement functions but to do so with integrity and impact. #Procura #Procurement #Supplychain #BusinessGrowth #TrainingThatWorks #EmpoweringSuccess Here’s how we support your journey:

𝐓𝐡𝐞 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐜𝐞 𝐨𝐟 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐄𝐭𝐡𝐢𝐜𝐬: 𝐇𝐨𝐰 𝐓𝐫𝐮𝐬𝐭 𝐢𝐬 𝐁𝐮𝐢𝐥𝐭 𝐓𝐡𝐫𝐨𝐮𝐠𝐡 𝐇𝐨𝐧𝐞𝐬𝐭𝐲. Have you ever thought about how much trust is worth in business? It’s more than just about profits—ethical values are the foundation of lasting success. Here’s how strong ethics have helped my business: 📌 Being honest and fair creates a strong sense of trust. 📌 Partners and customers feel confident working with you. 📌 A reputation for being reliable and transparent is built over time. 📌 Making ethical decisions helps navigate challenges better. 📌 Long-term success comes from people trusting your business. Instead of focusing only on profits, putting ethics first makes your business one that people want to work with. Trust, honesty, and fairness lead to stronger relationships and more success. PS: Ethics aren’t just good values—they’re key to building a solid business foundation that lasts. What’s your view on business ethics? Let’s discuss in the comments! 👇 #BusinessEthics #TrustBuilding #IntegrityInBusiness #FairTrade #Procurement

Why Business Ethics is Crucial for Running a Successful Business ? 🔑 Building Trust: A business grounded in ethical practices earns the trust of customers, employees, and stakeholders. Trust drives loyalty, and loyalty drives long-term success. 🌱 Sustainable Growth: Ethical decision-making creates a foundation for sustainable growth. It ensures your company can navigate challenges while upholding integrity, ensuring long-term profitability. 💼 Attracting & Retaining Talent: Employees want to work for companies that share their values. Ethical workplaces create positive environments where employees are engaged and motivated, leading to better retention and performance. ⚖️ Risk Mitigation: Following ethical guidelines reduces the risk of legal or regulatory challenges, protecting your business from costly disputes, penalties, and reputational damage. 🌍 Positive Social Impact: Ethical businesses contribute positively to society, focusing not just on profits but also on doing the right thing. Customers and partners prefer working with businesses that align with their own values. #BusinessEthics #SustainableBusiness #Leadership #CorporateResponsibility #EthicalBusiness #CorporateResponsibility #EthicalLeadership #SustainableBusiness #IntegrityInBusiness #TrustAndTransparency #CorporateGovernance #BusinessSuccess #ResponsibleBusiness #LeadershipDevelopment #EthicalBusinessPractices

Building Trust: Why Procurement Ethics is Key to Sustainable Business In procurement, ethics is essential for responsible operations. It's about prioritizing fairness, transparency, and integrity. However, sharp practices and unfair procurement still pose risks. (A)         Sharp Practices & Unfair Procurement: (i)       Sharp Practices: Exploiting loopholes for personal gain, such as bid manipulation or pressuring suppliers into unfair terms. (ii)      Unfair Procurement: Bribery, favouritism, and tender manipulation, leading to reputational damage and legal consequences. (B)         Ethical Procurement: (i)            Fair Supplier Selection: Transparent bidding ensures fair competition. (ii)          Avoiding Conflicts of Interest: Decision-makers must prioritize organizational goals over personal gain. (iii)         Full Disclosure: Clear communication prevents unethical behaviours. (C)         The Role of the Integrity Pact: Prevents corruption, promotes trust, and ensures ethical competition. (D)         Digitization's Role in Ethical Procurement: (i)            Transparency: Digital systems offer visibility and traceability. (ii)          Standardization: Digital platforms reduce ambiguity. (iii)         Real-Time Monitoring: Analytics flag ethical violations early. Why It Matters: Ethical procurement and digitization build trust, mitigate risks, and create sustainable supply chains. How do you ensure ethical practices in procurement? Have Integrity Pacts or digitization improved transparency in your organization? I'd love to hear your thoughts! #EthicalProcurement #SustainableBusiness #ProcurementIntegrity #SupplyChainTransparency #IntegrityPact #DigitizationInProcurement

Case Study: Ethical Dilemmas and Resolutions in Operations

Making business decisions based on morals and ethics doesn't limit your market. It galvanizes it. Positioning yourself as an organization with a code gives you meaning. It gives you authenticity. It gives you REAL authority.

🤔 What does it mean to run an ethical business? In this episode of Built to Win, we’re diving deep into what business ethics really involve. 💬 We’re starting an important conversation that often gets overlooked—exploring how establishing strong ethical values can shape your decisions and why taking a stand as an ethics-driven company can lead to lasting success for your business, customers, and stakeholders. This is a vital discussion, and it’s key to 👉 How Ethics Affect Your Long-Term Business Strategy: https://lnkd.in/gRcpAAqK

Which is an ethical business you have worked with? One of mine is Aila Recruitment | Certified B Corporation® - they always do what they say they are going to do, are transparent and strive to do things the right way. Business ethics are the principles, values, and standards of conduct that guide you to make the right decisions. If you get this right you will have a much better chance of having a positive impact on communities. Most of us set out to run businesses the right way and we might rely on that instinct to make business ethics happen. It's not always possible to rely on instinct. There are tools and processes that you can put in place to help you when it gets bumpy. ✨Code of Ethics ✨Whistleblower policy ✨Internal financial controls ✨Ethics-focused risk assessment ✨An independent board advisor ✨Clear management structure Ethical businesses don't just happen, they are a result of embedded cultures, leadership and processes. Which is an ethical business you have worked with? Share the love below 👇👇👇 #Purpose #Sustainability #Progress ___________________________________________________________ I’m Sarah and I support small and medium-sized businesses to grow sustainably 🚀 I am your trusted partner for continued impact 🥳 Rome wasn't built in a day, but it started one day 💚 Follow #ProfitsToMakeYouSmile for tips and advice

5 Unspoken Business Ethics for Unstoppable Success: 1. Integrity over shortcuts 2. Respect for all stakeholders 3. Transparency in dealings 4. Accountability for actions 5. Continuous learning and improvement Embrace these principles for unstoppable growth! #BusinessEthics #SuccessMindset

The best branding in the world won’t save you if your business ethics are garbage. Make sure your standards and what you value is being put into practice at your business.