|Four Way Test|
One of the most widely printed and quoted statements of business ethics in the world is The 4-Way Test. It was created by Rotarian Herbert J. Taylor in 1932 when he was asked to take charge of the Chicago based Club Aluminum Company, which was facing bankruptcy. Herbert looked for a way to save the company, which was mired in depression caused financial difficulties. He drew up a 24-word code of ethics for all employees to follow in their business and professional lives. The 4-Way Test became a guide for sales, production, advertising, and all relations with dealers and customers, and the survival of the company was credited to this simple philosophy.