The 4 Way Test
Is it the truth?
Is it fair to all concerned?
Will it build goodwill and better friendships?
Will it be beneficial to all concerned?
Even if you've never heard these questions before, it's likely that they ring true for you. This may be the biggest strength of The 4 Way Test and why it's used by schools, governments, businesses, and homes around the world to stimulate open communication and build stronger, more effective relationships. Famous for its adoption by Rotary International in the early 1940s, it began even earlier than that.
In 1932, Herbert J. Taylor had just become president of Club Aluminum Products Company in Chicago, Illinois. The company, an employer of 250 people, was bankrupt with over $400,000 in debt, equal to about $4.3 million today. The country was in the midst of what we know today as The Great Depression. Not an ideal time to be in the hole financially! A Christian businessman, Taylor believed that "in right there is might." He believed that ethical conduct played an important role in relationships. He felt that if the company's leadership and employees were encouraged to think right, they would act right. What was needed was some sort of ethical code or yardstick they could easily memorize and apply to what they thought, said, or did in relationships with co-workers, vendors, and especially clients and customers.
In answer to Taylor’s prayer, one evening came The 4-Way Test. He tried it himself for 60 days. An enlightening test! Quite a few of the company's current business practices did not seem to stand up under its scrutiny. After 60 days, Taylor discussed it with four of his department heads, each of whom agreed to memorize and use the Test in their business decisions. Soon, the company adopted it as its official policy for business conduct. He had the Test copyrighted. Five years later, the company paid off the last of the $400,000 debt with interest and distributed over $1 million in dividends to stockholders -- all in spite of the continuing Great Depression.
* Text from the 4 Way Test website
Applying the 4 Way Test Today
Today's financial environment is also challenging. Our team at the Ringenberg Financial Group applies The 4 Way Test to every decision we make and every interaction with our clients. It serves as our core value statement and reflects our commitment to always acting in the best interests of our clients.
We encourage all businesses to adopt The 4 Way Test and promote its values.
To learn more about The 4 Way Test, visit the website at www.4waytest.org.