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There is a very simple, easy way to differentiate yourself in this highly competitive world, whatever industry you work in: incorporate strict ethical standards into every aspect of your business (and personal) relationships. Are you trustworthy, loyal, and fair? Do you reveal conflicts of interest? Do independent research? Do you continually learn and improve? These are some of the ten components of ethical business and leadership that Dr. Andrew Stotz tells us about in today’s episode.
Andrew Stotz is a former president of the Chartered Financial Analyst Society of Thailand and is one of Thailand’s award-winning equity analysts. He’s also the founder and CEO of A.Stotz Investment Research. He’s an author, a university lecturer, and co-founder of CoffeeWORKS, Thailand’s specialty coffee roaster. Andrew is the host of ‘My Worst Investment Ever’ podcast, with 555 episodes and counting. He is also now the new host of the Deming Institute podcast called, “In Their Own Words.”
Join us for a discussion around the ten ethics that Andrew stands for, and how you can easily adopt them in your own life – in order to become a rare and valuable member of any team, family, group, or society. We’ll also discuss some of the major differences in Eastern vs. Western culture, with regard to ethics, corruption, and general business practices.
Discussion Points
- Andrew’s background and many business ventures
- The Five Ethics in relationships:
- Loyal
- Trustworthy
- Fair
- Confidentiality
- Revealing conflicts of interest
- Andrew’s parents led by example
- Asian families – close physically/helping each other, but not open emotionally
- Different cultures east/west consider different things to be unethical/corrupt
- The Five Ethics in your work:
- Diligence
- Independent thought
- Objectivity
- Thoroughness
- Continual Improvement/Learning
- The Econ 101 professor who lit a fire under Andrew
- My key takeaways:
- Leaders are ethical in their interaction with others
- Leaders are ethical in how they do their work
- Leaders know ethics are their competitive advantage
- Contact me with questions or comments
Resources:
Dr. Andrew Stotz Worst Investment Ever Podcast
Andrew Stotz Investment Research Website
The Culture of Leadership YouTube Channel
The Culture of Leadership LinkedIn
The Culture of Leadership Podcast Archives
The Culture of Leadership Facebook
The Culture of Leadership Instagram
If you have any questions for Brendan around this episode or generally around culture, leadership, or teamwork, feel free to contact him here.
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