The Consultants Peer Group

JUNE 27, 2023

In my one of my previous blogs, Consulting Ethics Challenges , June 14, 2023, I wrote about the major problems PwC’s government advisory services was having in Australia. The cost ethics lapses is now clear. For the past 35 years, as a Certified Management Consultant®, I have adhered to IMCUSA's enforceable Code of Ethics.

Ethics 52

Ethics Consulting Government Report 52

Chad Barr

MARCH 2, 2022

It is true leadership that is strengthened by conviction to ideals and ethics, love of country, and the fight for justice for all. Great nations can be shaped and fortified when their greatest leaders light the way by example. The post Leading by Example appeared first on The Chad Barr Group.

Examples 52

Examples Ethics Travel Leadership 52

Effective Managers

MARCH 23, 2021

Is Ethics even a thing anymore? This is where abiding by a code of professional conduct and ethics gets difficult. Do ethics stop at the profit and loss statement, or do they extend to the end-result of the intervention? So, is Ethics still a thing? The post Do Ethics Still Matter? What is happening in our world?

Ethics 52

Ethics McKinsey Banking Financial 52

The Consultants Peer Group

SEPTEMBER 20, 2023

As you are likely aware, there are enumerable media articles on ethics lapses in management consulting. USD] because of, among others, ethics and conflicts of interest abuses ; When McKinsey Comes to Town argues that the legendary firm has accrued an inordinate amount of influence chasing profits at the expense of moral principle.

Ethics 98

Ethics Consulting McKinsey Examples 98

Tom Spencer

MARCH 24, 2023

AI may be able to analyse data and make predictions, but it will always lack the ability to understand the nuances of human behaviour which require emotional intelligence, creativity, and an understanding of ethical decision making. For example, I once worked with a non-profit that was struggling to raise funds.

Emotional Intelligence 88

Emotional Intelligence Ethics Consulting Case Interview 88

Tom Spencer

MARCH 10, 2023

For example, in the financial industry, AI can be used to detect fraud, predict stock prices, and manage risk. For example, AI-powered tools can process large amounts of data and identify patterns and trends that would be time consuming, or perhaps even impossible, for humans to detect.

Consulting 88

Consulting Ethics Healthcare Retail 88

The Management Centre

NOVEMBER 20, 2019

We listened in on a conversation between our leadership expert, Yvette Gyles (=mc Learning Director) and Cassie Edmiston (Head of Fundraising, Prisoners’ Education Trust ), to see what they think it means to be an ethical leader in 2019. For example I’ve recently been learning more about inclusion and diversity.

Ethics 49

Ethics Leadership Emotional Intelligence Education 49

Peter Stark

MAY 12, 2020

Instead of stepping up and aligning their behaviors to the new vision, they file an ethics violation. In the last six months, I have seen more ethics complaints filed than I have in my entire career. Almost every one of these complaints are sent to the company’s ethics “hotline” and are completely anonymous.

Ethics 39

Ethics Resources Examples Policies 39

Martinka Consulting

APRIL 24, 2017

My clients question to me was, if and after he hired her, is it was ethical to go after her customers? My example was, if she goes to her customers and says, “I’ve found a better opportunity for you and me with XYZ company and I’d like to talk to you about why I feel it’s better for you” it’s okay. My reply was “That’s business.”

Ethics 40

Ethics Culture Examples Consulting 40

The Consultants Peer Group

FEBRUARY 13, 2024

That is, a multinational professional services firm may consult in, for example, Saudi Arabia and, in doing so, it would be subject to that country’s laws and regulations, including nondisclosure and confidentiality agreements. I’ve written about it before (see also Consulting Ethics Concern, Once Again , Lions, TIgers, Consultants, Oh My!

Ethics 52

Ethics Boston Consulting Group McKinsey Government 52

Tom Spencer

MARCH 17, 2023

One example of a company that embodies Porter’s approach is Patagonia, an outdoor clothing company, which is committed to creating high-quality products as well as protecting the environment. These securities, which were backed by real-estate mortgages, were sold to investors as a safe investment.

Ethics 78

Ethics Financial Cash Flow Real Estate 78

Harvard Business

MARCH 23, 2017

Our research in Egypt , Zimbabwe , and India shows that organizations should view the prospect of building a strong ethical reputation in such environments as an opportunity, and consider the costs of resisting corruption as an investment in building such a reputation. Ethics Can Be a Differentiator.

Ethics 35

Ethics Case Interview Case Study Case Studies 35

Harvard Business

DECEMBER 23, 2016

A few years ago, I was teaching a two-day program about ethics in India for entrepreneurs and business faculty who taught entrepreneurship. My aim was to take a new approach to values-driven leadership development, one that was a stark departure from the way companies and educators had been teaching business ethics.

Ethics 28

Ethics Culture Education Operations 28

Harvard Business

DECEMBER 16, 2016

Most companies have ethics and compliance policies that get reviewed and signed annually by all employees. “Employees are charged with conducting their business affairs in accordance with the highest ethical standards,” reads one such example. Creating an Ethical Workplace. You and Your Team Series.

Ethics 28

Ethics Policies Resources System 28

The Consultants Peer Group

FEBRUARY 23, 2023

I wrote earlier this year ( See: Reputational Damage ) about some earlier examples of negative press including a nearly $600 million dollar settlement over consulting work with Opioid companies, with corruption in Angola, a criminal probe in French campaigns. Ponder the effect (repeat).

Consulting 52

Consulting Ethics Boston Consulting Group Healthcare 52

The Consultants Peer Group

SEPTEMBER 28, 2023

In the previous blog, Adherence to an Enforceable Code of Ethics , I presented that adherence of an enforceable Code of Ethics would be a major part of this market differentiation. It was said, “…that Marvin incorporated the code of ethics in establishing this firm” noting the impact Mr. Bower had on the founding of McKinsey.

Ethics 52

Ethics Consulting McKinsey Methodologies 52

Harmonious Workplaces

JANUARY 25, 2024

The evidence-based information plus real-world examples should illustrate how leaders can cultivate engaged, satisfied, and high-performing teams to attain organizational objectives. These practices include: Model the Way  — Create standards and set the example. Journal of Business Ethics 113 , p. link] Parris, D.L. &

McKinsey 98

McKinsey Sports Ethics Leadership 98

Steve Shu Consulting

NOVEMBER 23, 2018

For example, suppose there are a layered set of three main goals to encourage people to 1) participate in a retirement savings plan, 2) save enough money, and 3) invest wisely. ethical, philosophical, financial), and desired outcome measurements. financial spending, medication adherence, governmental compliance).

Ethics 276

Ethics Financial Tools Research 276

Harvard Business

DECEMBER 29, 2016

It’s hard for good, ethical people to imagine how these meltdowns could possibly happen. many of us face an endless stream of ethical dilemmas at work. We were surprised that 30 leaders in the study recalled a total of 87 “major” ethical dilemmas from their career histories. Wells Fargo. Volkswagen.

Ethics 31

Ethics Company Emotional Intelligence Study 31

Harvard Business

MARCH 24, 2017

This is just one example of pressures that unfortunately are all too common in business. The onus for ethical behavior falls first to the employee. Most companies talk a good ethics game and even make their goals public. For example, compensation tied solely to landing a contract invites abuse of the system.

Ethics 28

Ethics Company Policies Sales 28

The Consultants Peer Group

DECEMBER 18, 2023

For example, your project may yield cost savings through operational efficiencies or through improved flow. Furthermore, I refer to and attach PDF copies of both the enforceable Code of Ethics and the professional Code of Conduct. In simple terms, do not end the proposal on Fees. An estimated two million folks consult in the U.S.

Ethics 52

Ethics Intellectual Property Consulting ROI 52

Harvard Business

NOVEMBER 8, 2016

But as more organizations fall prey to complex intangible risks, from unwanted disclosure due to rampant cyber threats to breaches of conduct driven by skewed incentive systems, the aperture of risk management is expanding from protecting the balance sheet to promoting ethical leadership and values-based decision making.

Ethics 31

Ethics Management Balance Sheet Agile 31

Harvard Business

MARCH 13, 2017

Supreme Court, once said , “Ethics is knowing the difference between what you have the right to do and what is right to do.” While the benefits are clearly far-reaching and potentially game changing, there are ethical questions to consider. Potter Stewart, justice of the U.S. is more lax about privacy protection.

Ethics 29

Ethics Data Company Government 29

The Consultants Peer Group

OCTOBER 29, 2023

In this series I have outlined not only these very public ethics lapses but also present five ways you, as a management consulting professional, can distance, or differentiate, you and your practice from others who are not so inclined. Do you adhere to a Code of Ethics, a Consulting Competence Framework, and a Code of Conduct.

Ethics 52

Ethics Consulting Training Training 52

Steve Shu Consulting

OCTOBER 24, 2015

I use this case to demonstrate one example of what a successful innovation center might look like. Chapter 8: Nudges Refined, Ethics Examined, Acceptability Explored – This chapter introduces Nudge Psyche, a checklist of things to think about so that you can be deliberate about how you approach nudge design and ethics.

Ethics 150

Ethics Finance Research Government 150

CaseInterview.com

OCTOBER 30, 2019

My Reply: There is no right answer for everyone and depends on your personal sense of ethics. But , there will be one person out there in the world who considers you at worst dishonest, at best lacking ethics. And then I realized that I probably set the example by being generous in sharing information with and helping others.

Ethics 40

Ethics Case Interview Consulting Interviews 40

Tom Spencer

APRIL 21, 2023

For example, in a retail setting, let’s say a fashion clothing client wants to understand the purchasing behaviour of their customers. The data analysis may reveal that many customers are looking for sustainable and ethical clothing options.

Consulting 88

Consulting Data Healthcare Ethics 88

Harvard Business

APRIL 29, 2016

However, one of the more unsettling and unintended consequences of a singular focus on ethics-as-compliance is a checkbox mentality that gives the illusion of reducing risk without really doing so. So what can a company do to excel ethically? Plato emphasized a virtue-based system of ethics 2,400 years ago in his Academy.

Ethics 28

Ethics Culture Agile Exercises 28

Harvard Business

JUNE 2, 2017

In recent weeks, we have seen almost daily reports surface of potential ethical conflicts in the White House, whether it’s possible conflicts of interest between the Trump family’s business ties and government priorities or allegations of collusion between campaign allies and Russian intelligence.

Ethics 28

Ethics Government Research Study 28

Rick Conlow

JUNE 1, 2021

For example, think of a leader you know. Edelman’s Trust Barometer shows nearly half of employees do not trust business leaders to make honest or ethical decisions. Character defines a leader’s success and legacy. Answer these questions about that person’s character. Does the leader tell the truth?

eBook 101

eBook Ethics Training Training 101

Tom Spencer

APRIL 29, 2022

Stories of Mark Zuckerberg and Bill Gates who dropped out of Harvard are constantly used as examples to amplify this point. A few key examples include: Elon Musk , founder of SpaceX, has an MBA from Wharton. Appreciating the importance of ethics and reputation. Michael Bloomberg , co-founder of Bloomberg L.P.,

Ethics 88

Ethics Case Interview Case Study Case Studies 88

Tom Spencer

JUNE 9, 2023

For example, businesses like Netflix, Youtube, Amazon, and Airbnb use AI-powered recommendation systems to suggest movies, videos, products, and rental properties based on a user’s browsing history, past purchases, and revealed preferences based on past behavior. These systems can suggest relevant products that customers are likely to enjoy.

Data 147

Data Operations Efficiency System 147

Steve Shu Consulting

APRIL 9, 2011

Got an idea from Dan Wallace (Twitter handle: @Ideafood ) to write a manifesto (link to some other examples here ). Lead and practice ethically. Love the client and commit fully or leave at the earliest, ethical moment. Love the client and commit fully or leave at the earliest, ethical moment.

Management 289

Management Consulting Ethics Leadership 289

The Consultants Peer Group

OCTOBER 5, 2023

The new Code of Conduct is over and above the Code of Ethics and is not meant to subsume or replace it, rather to be in addition to the Code of Ethics. If you were to simply refer to the second blog you will likely see how these very public instances were caused by misplaced ethics and/or poor conduct behaviors. legality 1.4

Intellectual Property 52

Intellectual Property Consulting Ethics Advertising 52

The Consultants Peer Group

NOVEMBER 17, 2023

Yesterday I was a presenter on a national Zoom ‘webinar’ on the ‘High Cost of Ethics Lapses’ in the management consulting profession. Join me in membership at IMC USA and automatically fall under the enforceable Code of Ethics and Code of Conduct. Perhaps I should throw down the professional gauntlet.

Management 52

Management Consulting Ethics How To 52

Steve Shu Consulting

NOVEMBER 10, 2015

For example, when presenting a set of choice options in list format, a cognitive bias known as the primacy effect may be observed where people tend to be influenced more by the first option in the list. These management considerations sometimes require a more detailed appreciation of behavioral science.

Ethics 150

Ethics System Finance Company 150

Tom Spencer

JULY 28, 2023

In this blog post, we will explore how consulting firms can assist companies in adopting AI-powered clean technologies and highlight specific examples of how consulting firms can adapt their services to support organizations in this area.

Operations 78

Operations Energy Data System 78