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Ethical Implications of AI in Consulting: A Deep Dive

Tom Spencer

While AI has the potential to bring significant benefits, it also raises important ethical questions. This article will explore some of the ethical implications of AI in consulting, and discuss potential ways to address these concerns. Potential for bias One of the main ethical concerns with AI systems is the potential for bias.

Ethics 88
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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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Behavioral Economics and Behavioral Finance Manifesto

Steve Shu Consulting

In this post, I want to share my thoughts on design values related to behavioral economics and behavioral finance (which going-forward in this post I’ll simply refer to as behavioral science for brevity). Recognize manipulation or influence (intended- or side-effects) and act ethically. Intend to help, not manipulate.

Finance 186
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Bridging the Gap: From the Consulting Industry to the Management Consulting Profession

Effective Managers

This distinction is crucial, as it separates those who simply sell hours for dollars from those committed to a higher standard of service, ethics, and accountability. While this model has its merits, including flexibility and a wide array of services, it lacks a unified set of standards or ethical guidelines.

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The Role of Consultants in an AI-Driven World

Tom Spencer

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. One of the key areas in which we excel is emotional intelligence.

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Why Finance Needs More Humanity, and Why Humanity Needs Finance

Harvard Business

Mihir Desai, professor at Harvard Business School and Harvard Law School, argues for re-humanizing finance. He says the practice of finance, with increasing quantification, has lost touch with its foundations. But he says finance can be principled, ethical, even life-affirming. Download this podcast.

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Winning Isn’t Everything: The Art of Playing Well

Tom Spencer

This idea has been echoed by some of the most influential figures in the business and finance world, including Professor Michael Porter, Michael Lewis, and Warren Buffett. The actions of these players in the financial industry were driven by their desire to win at all costs, rather than a commitment to ethical behaviour.

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