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High Cost of Ethics Lapses, Part ?

The Consultants Peer Group

I had written several blogs regarding the high cost of ethic lapses in consulting, in particular in June of last year Consulting Ethics Challenges , which addressed the very public nature of PwC Australia’s ethics problems. The high costs of those ethics problems are now very visible and quite frankly ugly.

Ethics 52
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Consulting Ethics Challenges

The Consultants Peer Group

Where’s the lead sentence of my March 28, 2023 Blog, Consulting Ethics Concern Once Again , “Lack of consulting ethics once again. I went on to describe some recent consulting ethics lapses and proposed fixes. Peter Westlund CMC® showed a path to avoid these ethical traps through professionalism.

Ethics 52
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McKinsey, Opioids, & Ethics

CaseInterview.com

That said, just because something is legal doesn’t mean it is moral, ethical, or advised. Over the past few years, I think McKinsey has lost its ethical and moral compass as a firm. I do think the vast majority of those who work at McKinsey have strong ethics. What I think McKinsey did was worse. That is the problem.

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Consulting Ethics Concern, Once Again

The Consultants Peer Group

Lack of consulting ethics once again. In my blog entitled, Reputational Damage (February 1, 2023), I highlighted two things that could have been done, and still needs to be done, to likely prevent these, and other grievous and damaging situations. Adopt and adhere to both a Code of Ethics and a Code of Conduct.

Ethics 52
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The High Cost of Ethics Lapses in Consulting

The Consultants Peer Group

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
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7 ways to be an ethical leader

The Management Centre

Most of us hold these leaders to higher ethical standards than those in the commercial sector. Many that we have worked with have already committed to being ethical in their leadership practices. We asked participants on our Transformational Leadership course in 2020 what being ethical meant to them in practical terms.

Ethics 96
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McKinsey, Opioids, & Ethics

CaseInterview.com

That said, just because something is legal doesn’t mean it is moral, ethical, or advised. Over the past few years, I think McKinsey has lost its ethical and moral compass as a firm. I do think the vast majority of those who work at McKinsey have strong ethics. What I think McKinsey did was worse. That is the problem.