Enough ethics?

Seth Godin Blog

But ethics? In fact, most companies strive to be just ethical enough. To get ethics to the point where no one is complaining, where poor ethics aren't harming their KPIs. Being more ethical was the most important KPI? Most companies seek to be more profitable.

Why Ethical People Make Unethical Choices

Harvard Business

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. Clearly it takes more than a compliance policy or Values Statement to sustain a truly ethical workplace. Corporate ethical failures have become painfully common, and they aren’t cheap.

Ethical Leadership: A new kind of poverty?

Peter Stark

Every day we are bombarded with news about decisions made by leaders that cause us to question their integrity and ethics. We are facing a new kind of poverty – ethical leadership. Organizations and their cultures are, therefore, shaped by the values and ethics of their leaders.

Are CEOs Less Ethical Than in the Past?

Strategy+Business

This year's CEO Success study shows that boards of directors, institutional investors, governments, and the media are holding chief executive officers to a far higher level of accountability for corporate fraud and ethical lapses than in the past.

Why It’s So Hard to Train Someone to Make an Ethical Decision

Harvard Business

One of the conundrums of ethical decision making is that many moral decisions that are quite straightforward — even easy — to resolve in a classroom or during training exercises seem far more difficult to successfully resolve when confronted during actual day-to-day decision making. There are three obstacles that make ethical decisions in the workplace different and more difficult than in training simulations. Ethics Decision making Transparency Digital Article

Business ethics, ripples and the work that matters

Seth Godin Blog

The happy theory of business ethics is this: do the right thing and you will also maximize your long-term profit. The unhappy theory of business ethics is this: you have a fiduciary responsibility to maximize profit. It comes down to this: only people can have ethics.

How Leaders Can Create an Ethical Organization

Gina Abudi

Leaders in the organization need to enable for an ethical culture in the organization. Enabling for ethical organizational culture is more than just simply saying ethics are important. There are a number of practices that organizations can put in place in order to create an ethical organizational culture. Leaders must model appropriate ethical behavior [.]. The post How Leaders Can Create an Ethical Organization appeared first on Gina Abudi.

Simple Ethics Rules for Better Risk Management

Harvard Business

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. Ethical lapses arise when people take risks but do not bear the downside of their risky behavior. Creating an Ethical Workplace.

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. 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. Another surprise was how few of the incidents were caused by bribery, corruption, or anti-competition issues (only 16% of all ethical dilemmas mentioned). Ethics. Ethics.

6 Traits That Predict Ethical Behavior at Work

Harvard Business

Trust and openness are crucial elements of an ethical organizational culture. Only when employees are able to voice the problems they see can ethical lapses be discussed and resolved. A first step in building this kind of culture involves a hiring approach in which companies actively seek those individuals inclined to speak up when ethical challenges surface. A morally attentive person will see ethical issues where others may see none. Creating an Ethical Workplace.

Want More Ethical Employees? Give 'Em a Nudge

Strategy+Business

Nudges cost little and have a high success rate in the public policy realm, but can companies use them to transform workplace conduct

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? Ethics Digital Article

Jessica Kennedy Takes On Ethics, Power, and Gender

Strategy+Business

Jessica Kennedy, an assistant professor at Vanderbilt University's Owen Graduate School of Management, talks to strategy+business about the connection between unethical behavior and high rank, and between moral outrage and gender

Is Your Company Using Employee Data Ethically?

Harvard Business

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. But ethical conflicts can arise, say when the analysis identifies sensitive personal relationships that perhaps should not have existed on corporate servers in the first place. Potter Stewart, justice of the U.S.

5 Signs Your Organization Might Be Headed for an Ethics Scandal

Harvard Business

Corporations often approach ethics as an individual problem, designing oversight systems to identify the “bad apples” before they can turn the organization into a “rotten barrel.” Bad apple explanations also fail to explain the string of ethical crises at Uber, the long-term impunity of powerful men who sexually harass colleagues, or any of the other ethics scandals we’ve seen this year. Ethics Digital ArticleVince Streano/Getty Images.

CEOs Are Getting Fired for Ethical Lapses More Than They Used To

Harvard Business

From 2007-2011, forced turnovers due to ethical lapses were 3.9% On a regional basis, the share of all successions attributable to ethical lapses rose most sharply in the U.S. We see five reasons for the rise of ethics-based dismissals. Third, more companies are pursuing growth in emerging markets in which ethical risks are heightened due to higher levels of corruption and less mature governance structures. Ethics Digital Article

Praising Customers for Ethical Purchases Can Backfire

Harvard Business

In one study, participants viewed a short 40-second Starbucks commercial that either praised a customer for making an ethical purchase (it used phrasing such as: “Everything we do, you do. You buy more fair trade certified coffee than anyone else”) or praised the company for its ethical business practices (“Starbucks is the biggest buyer of fair trade coffee in the world”). Ethics Marketing Customers Digital Article

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. ” We thought the latter might force employees to be more cognitively alert and deliberative, which could lead them to behave more ethically simply by avoiding automatic, self-interested decision making. Ethics Behavioral economics Digital ArticleOne of the many things managers worry about is employees breaking the rules.

CEOs Who Began Their Careers During Booms Tend to Be Less Ethical

Harvard Business

Based on these previous findings, we wondered: Would CEOs who began their careers during boom times be less ethical? Our question stemmed from the idea that prosperous times are often linked to ethical missteps. Moreover, risk appetite, optimism, and overconfidence increase during booms, any of which can increase the likelihood of someone traversing ethical lines. Our work suggests that they may be more ethical, too. Ethics Generational issues Digital Article

Ethics Allegations Will Hurt White House Staffers Even If They Turn Out to Be False

Harvard Business

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. Unfortunately, the researchers who study this topic have a rather large “sample size”: Ethical stress is an alarmingly common scourge in organizations.

Is Your Company as Ethical as It Seems?

Harvard Business

The onus for ethical behavior falls first to the employee. Most companies talk a good ethics game and even make their goals public. Ethical behavior has to be led by example, and promoting people who ignore ethics when expedient for them tells everyone that the company wants results and it does not really care how they are obtained. A company could have a terrific ethics policy, but actions speak louder than words on paper. Picture this.

Best Business Books 2011: Ethics and Aspirations

Strategy+Business

If Employees Don’t Trust You, It’s Up to You to Fix It

Harvard Business

Employees who don’t trust their managers usually point to big-picture, obvious things: Their superiors skate the edges of ethical behavior, hide information, take credit for others’ hard work, or flat-out deceive people. Ethics Digital ArticleThree years ago, 37% of CEOs were concerned about a lack of trust in businesses, according to the PwC Annual Global CEO survey. Across industries, that number has climbed to 55%.

True Leaders Believe Dissent Is an Obligation

Harvard Business

Ethics Communication Leadership Digital ArticleThese are head-spinning times for those of us who think about the best ways to lead and the most effective ways to compete. What defines acceptable personal behavior (let alone behavior worth emulating) among public officials? Why would executives at so many iconic organizations — Volkswagen, Wells Fargo, FIFA — tolerate behavior so egregious that it threatens the very future of their organizations?

Keep a List of Unethical Things You’ll Never Do

Harvard Business

Ethics Digital ArticleHBR STAFF. Management is about commitment, execution, and follow-through. Did you act? Did it work? Do it again. It didn’t? Do something else. Above all, keep doing things; keep taking action. I teach a course in strategic controls at the University of Portland.

We’re Unethical at Work Because We Forget Our Misdeeds

Harvard Business

Understanding the psychology that drives decisions can help us make sense of corporate cheating scandals and, hopefully, behave more ethically, and promote more ethical behavior in our own organizations. Behavioral economics Ethics Digital Articlepaul garbett FOR HBR.

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Teaching an Algorithm to Understand Right and Wrong

Harvard Business

In his Nicomachean Ethics , Aristotle states that it is a fact that “all knowledge and every pursuit aims at some good,” but then continues, “What then do we mean by the good?” ” That, in essence, encapsulates the ethical dilemma. ” Unraveling Ethical Dilemmas. The rise of artificial intelligence is forcing us to take abstract ethical dilemmas much more seriously because we need to code in moral principles concretely.

Managers Aren’t Doing Enough to Encourage Whistleblowing

Harvard Business

Some employees even claimed that they were fired for calling the internal ethics hotline. These claims raise important questions that every major company needs to ask: Are employees aware of our ethical standards and the laws surrounding our business? Companies communicate very little about the process they follow to investigate calls to their internal ethics lines. Is there a specific time frame for investigating ethics complaints from employees?

When Tough Performance Goals Lead to Cheating

Harvard Business

This research was recently published in the Journal of Business Ethics. This suggests that while goal setting may indeed have negative consequences on ethical behavior in organizations, only people with particularly susceptible personality traits may be prone to the effect. This would require ethical behavior to be embedded in an organization’s culture, which communicates to employees the kind of behavior that is valued and accepted.

Leadership Takes Self-Control. Here’s What We Know About It

Harvard Business

Our review makes clear that helping employees maintain self-control is an important task if organizations want to be more effective and ethical. For example, we came across research showing that employees with low self-control were no more likely to engage in deviant behavior when organizations promoted an ethical culture —displaying the company’s code of conduct where employees could see it made them less tempted to behave unethically.

When You Feel Pressured to Do the Wrong Thing at Work

Harvard Business

In what specific ways does the practice that concerns you violate ethics, customers’ interests, or even the law? So ask yourself if there are other ways you could help your boss achieve his or her goals, without crossing whatever ethical or legal lines concern you. Ethics Managing yourself Leadership Digital Article

The Leadership Blind Spots at Wells Fargo

Harvard Business

Senior leaders were so focused on financial impact that they couldn’t see the ethical damage. Pushing back against members of Congress last week, he asserted, “the culture of the company is strong” and is “based on ethics and doing what’s right.” In the worst cases, whistleblowers claim they were fired after reporting violations to the bank’s ethics hotline or trying to alert supervisors to illegal behavior.

Ethics and Good Business

Martinka Consulting

My clients question to me was, if and after he hired her, is it was ethical to go after her customers? The post Ethics and Good Business appeared first on Martinka Consulting. A client called me last week to discuss the following and keep in mind my recent post about how some firms don’t pay enough (good) attention to their people.

We Shouldn’t Always Need a “Business Case” to Do the Right Thing

Harvard Business

I’ve been a consultant for almost 20 years, advising companies on complex challenges in ethics, risk, and responsibility. Each year several clients raise the same issue: the need to get buy-in from a skeptical senior executive in order to demonstrate a concrete benefit that will follow a proposed investment in an ethical business initiative or function. The problem is that our obsession with making the business case for ethics makes us sound apologetic and hollow.

Like It or Not, “Smart Drugs” Are Coming to the Office

Harvard Business

Because these drugs are — for the most part — safe, effective, and easy to get, they pose several ethical challenges for both workers and organizations. The issue of smart drugs is rife with ethical and business dilemmas.

The “Maximize Profits” Trap in Decision Making

Harvard Business

Decision making Leadership Ethics Digital ArticleWhat’s the right way to make hard business decisions? We all know the standard answers: Obey the law and do whatever maximizes profits or produces the greatest shareholder value. This logic and the institutions that reinforce it, like competitive markets and the rule of law, have transformed the world and lifted billions of people from poverty. But, for gray area decisions , the standard answer isn’t the right answer.

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CEOs under Fire

Strategy+Business

Why more chief executives are losing their jobs over ethical lapses, and some tips on how to prevent missteps. For more insight, read "Are CEOs Less Ethical Than in the Past?

How Your Hiring Process Could Predict Unethical Behavior

Strategy+Business

She has found that moral character is the aspect of personality that can best predict ethical behavior -- and thus is important for companies not to overlook During the typical corporate hiring process, a significant amount of information is exchanged.

5 Questions to Ask Before You Call Out Someone Powerful

Harvard Business

Ethics Difficult conversations Digital ArticleA leader in the health industry recalled an incident from 40 years ago that still haunted him. In the early stages of his career he decided he had to speak up about malpractice he had witnessed.

Why We’re Seeing So Many Corporate Scandals

Harvard Business

Second, they don’t consider at a human level how their stated strategic intents shape the acceptable ethical boundaries for those who must turn those intents into reality. ” Given the archaic structures and processes, and without repeated, clear guidance on “what we don’t ever risk,” is it any surprise that decisions about ambiguous options subsequently turn out to be ethically compromised? Ethics Digital Article