Vance Lecturer discusses ethics, business | Newsroom ...

Mike Baur, the CEO of ScanSource, delivered the 2012 Vance Lecture on Business Ethics on March 29. Baur discussed the progression of the Greenville, SC- based company since he began it in 1992, offering advice to the PC students in attendance.

?I became enamored with the sales side of business and learned how to run my own P&L [profit and loss] at an early age,? Baur said. ?If you can become in charge of a small piece of a business and learn the P&L? the earlier the better? it?s amazing how you change your perspective on things.

?Once you learn the fundamentals, it?s amazing how things make sense to you. I?m not an accountant, but the fundamentals of finance to me are things I?d encourage people to learn at a young age.?

Baur also talked about some of the most common ethical dilemmas that ScanSource employees face.

?Hearing these examples gave our students a clearer understanding about the nature of ethical decisions,? said Dr. Suzie Smith, the Robert M. Vance Professor of Business Administration. ?To prepare them for these inevitable challenges, ScanSource trains them to respond according to their corporate values to promote long term success for ScanSource, their customers, and their suppliers.?

Much of Baur?s lecture related directly to business concepts that Smith and other business professors cover in class: technological developments in enterprise resource planning [ERP] systems and radio-frequency identification [RFID] tags along with the importance of living out corporate values statements and making a profit.

Norman Scarborough, the William Henry Scott III Associate Professor of Entrepreneurship, was most impressed with the way ScanSource, a publicly held company, focuses on doing business for the long term.

?We were pleased that our students could learn from Mr. Baur that doing business the right way and making a profit are not mutually exclusive activities,? Scarborough said. ?In fact, doing business the right way is the best way to create a profitable company.

?Too often, businesses and their managers are portrayed in the press as unscrupulous villains who pillage and plunder companies and exploit customers. Mr. Baur and ScanSource are proof that this is not the case.?

Source: http://www.presby.edu/newsroom/vance-lecturer-discusses-ethics-business/

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