Plagiarism Checker Online

Honesty is an essential virtue that business leaders should cultivate. Honesty profoundly determines the success or failure of the business organization. One of the main reasons that makes business leaders be dishonest is to make customers buy products on a false promise.

In so doing, the business leaders increase sales and profitability of the company. However, one way or another, customers would still find out that the company cheated them. Thus, dishonesty only helps in meeting the objectives of the business in the short-term. Therefore, dishonesty leads to irreparable damage to a company.

In some instances, dishonest business leaders may appear to be successful through exploiting other people. However, a closer examination of these business leaders would show that they are not as successful as they seem to be to the general population. Plagiarism Checker Online

Dishonest leaders are not as contented with their success as people who have achieved their success by honest means. The true measure of success is not leaving a trail of casualties as one seeks to be successful.

Honesty would help improve the reputation of business leaders. This would help them in undertaking various transactions with various stakeholders of the business.

Their word alone would satisfy the stakeholders. Thus, honesty would help in improving relationships with various stakeholders. Good relations would ensure the long-term success of the business organization.

On the other hand, it is impossible to buy reputation. Business leaders can only build reputation gradually through being honest in their undertakings.

Plagiarism Checker Online There are instances where being dishonest may offer business leaders an easy way out of a difficult situation. When faced with such as predicament, most business leaders would choose to be dishonest. However, business leaders who have a high level of integrity would swallow the bitter truth and be honest. This may be detrimental to the company in the short-term.

However, being honest is ultimately beneficial to the business leader as it makes the leader avoid using a chain of lies to cover the initial lie. Dishonest leaders find themselves in a quagmire due to the continuous lies. Thus, it is critical for business leaders to be honest. Honesty is not naivety.

Over the years, UPS has been able to establish its operations in Africa, Asia, Australia, Europe, and in almost all the states of the United States of America.

To be able to establish these operations, UPS has been utilizing financial assistance of various global investment bankers through seeking long-term financing: venture capital. This way, UPS has been able to maximize its dividends because of diversification of risks.

Plagiarism Checker Online UPS has also benefited from the global investment banking process through assistance in development of protective strategies against UPS competitors. For instance in the 1980s, entry of Federal Express Corporation threatened existence of UPS in the American parcel service market.

Federal Express Corporation’s entry strategy was characterized by overnight shipment of parcels by air. To counterattack this strategy, UPS took a huge loan: approximately $29 million, from a global investment banker (not mentioned), and used it to acquire nine used 727 airplanes from Braniff Airlines. It started a two-day delivery by air, known as Blue Label Air.

UPS’s counterattack strategy from its global investment banker also included running adverts on television to convince businesses to utilize its two-day parcel delivery service. Eventually, the strategy was a success and UPS was able to regain its market share in the United States.

Plagiarism Checker Online Moreover, UPS has managed to acquire a number of subsidiaries through utilization of M&A (mergers and acquisition) services of global investment banking.

Some of these subsidiaries include Prost-Transports SA Speditionsgesellschaft mbH in Germany, UPS Yamato Company in Japan, IML Air Services Group and UPS of America in United Kingdom, and UPS Parcel Delivery Service Ltd. in Thailand. UPS have been able to acquire many of its principal subsidiaries through M&A undertaken by various global investment bankers.