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Do Ethics Still Matter?

Effective Managers

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? Did any CEOs or Executives in the banking industry wake up one morning and decide to defraud their customers?

Ethics 52
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What You Can Do to Improve Ethics at Your Company

Harvard Business

It’s hard for good, ethical people to imagine how these meltdowns could possibly happen. But what about the ordinary engineers, managers, and employees who designed cars to cheat automotive pollution controls or set up bank accounts without customers’ permission? Volkswagen. and the U.K., Cross-cultural differences.

Ethics 39
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Is AI Technology on the Verge of Displacing Humans?

Effective Managers

Any piece of work that has been prepared based on the data set on which ChatGPT was trained is bound to be thorough. Yes, ChatGPT has been trained on a very large data set. Much of the highly proceduralized work of bank tellers has been replaced by automated tellers and online banking. But there is a catch.

Ethics 59
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8 Reasons that May Cause You to Loose Customers

Tom Spencer

The customer service reps must not be trained enough or must be unhappy with their job to behave in this manner. One of the big five banks in Canada, Scotiabank, has outsourced printing of cheques to an external vendor called D+H. From airlines to banks we experience this all the time. Employees need to want to be helpful.

Banking 88
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Transforming Governance Through Modern Technology

Tom Spencer

This can ensure that businesses operate ethically, transparently, and in the best interest of stakeholders. For instance, a commercial bank might utilize predictive analytics to identify fraud, money laundering, and cybersecurity threats.

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Does Doing the Same Work Over and Over Again Make You Less Ethical?

Harvard Business

Companies have tried many different ways to limit unethical behavior, from creating codes of conduct to implementing ethical training. Our first study looked at data on employees who process mortgage applications in a Japanese bank. Evidence suggests that such behavior is widespread, and it can have devastating consequences.

Ethics 28
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8 Issues that May Cause You to Lose Customers

Tom Spencer

The customer service reps must not be trained enough or must be unhappy with their job to behave in this manner. One of the big five banks in Canada, Scotiabank, has outsourced printing of cheques to an external vendor called D+H. From airlines to banks we experience this all the time. Employees need to want to be helpful.

Banking 78