article thumbnail

Governance: Transforming Organizational Culture

Tom Spencer

By tracing the essence of governance back to these fundamental components, we uncover a profound realization: governance is the mechanism through which the conflicting interests of individuals are managed within a larger group. Effective governance also impacts employee commitment to ethical conduct.

article thumbnail

Simple Ethics Rules for Better Risk Management

Harvard Business

For far too long, managing risk has been seen as an esoteric business function — designed to control losses and adhere to compliance standards. Ethical lapses arise when people take risks but do not bear the downside of their risky behavior. Creating an Ethical Workplace. Bad things happen in the dark.

Ethics 53
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Transformative Power of AI in Business

Tom Spencer

Supply chain management is another area where AI is revolutionizing operations. As a result, businesses have the potential to improve inventory management, reduce costs, and increase customer satisfaction through faster and more accurate deliveries. Zuhair Imaduddin is an Innovation Development Analyst at JPMorgan Chase.

Data 147
article thumbnail

Corporate Ethics Can’t Be Reduced to Compliance

Harvard Business

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
article thumbnail

Effective Governance: Overcoming Bias and Inertia

Tom Spencer

To overcome this challenge, senior managers should set the tone by encouraging employees to think beyond established boundaries, challenge conventional wisdom, and propose new ideas. Organizations can also adopt agile governance practices that allow for iterative decision-making and faster adaptation to the changing business landscape.

article thumbnail

Nurturing Psychological Safety in the Workplace Through an Age-Diverse Lens

Harmonious Workplaces

While we should guard against generalizing behavior and ignoring individual differences, each generational cohort tends to represent distinctive worldviews, ideals, and conflict management styles, making the workplace the “central theater” for the manifestation of generational identity (Lyons et al, 2019). Gerpott et al. Schultz, N.

Journal 96
article thumbnail

The Central versus Decentral Dilemma: How the HR Practitioner can Facilitate a “Center-Led” Solution

Kates Kesler

Agility” is the management word of the decade for sure. But to move with agility in a complex organization requires leaders to be confident that important decisions are being made at the right level and location across the enterprise. HR leaders are often asked: Where should work be managed in the organization?

Agile 65