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The economic costs of sin.(Scan)(Brief Article)
We don't often think of religious and moral ideas as mattering to the profit and loss of businesses. But Marjorie Cooper, a professor of marketing at Baylor University, recently showed that morality has important cash value. Or perhaps I should say cash costs.
Cooper cites numerous studies of the costs of internal fraud, dishonesty, employee theft, etc. She finds that the yearly business costs of internal fraud are somewhere between the annual GDP of Bulgaria ($50 billion) and the GDP of Taiwan ($400 billion).
Then she cites research showing that many managers make the same mistakes over and over again. They evidently do not learn from errors, partly because they have been ...
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Source: HighBeam Research, The economic costs of sin.(Scan)(Brief Article)