article thumbnail

Do Ethics Still Matter?

Effective Managers

Is Ethics even a thing anymore? McKinsey and Company agreed to pay a US$573 million settlement for its role in the American opioid crisis. For almost a century McKinsey has been a leader in helping their clients be more successful. For almost a century McKinsey has been a leader in helping their clients be more successful.

Ethics 52
article thumbnail

Five Ways to Raise your Game in Consulting

The Consultants Peer Group

First, Confessions of a Whistleblower by Garrison Lovely highlighted several cultural problems at the consulting firm, McKinsey. Lovely has since left McKinsey. Lovely writes openly his experiences working in the $15 Billion annual revenue (2022) firm and recommends an approach to more accountability, especially in government arenas.

Ethics 98
Insiders

Sign Up for our Newsletter

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

article thumbnail

Five Ways to Raise your Game in Consulting - Part 3

The Consultants Peer Group

In the previous blog, Adherence to an Enforceable Code of Ethics , I presented that adherence of an enforceable Code of Ethics would be a major part of this market differentiation. Yikes, how the mighty have lost their NorthStar. Once again, the high cost of inappropriate behavior rears its ugly, and expensive, head.

Ethics 52
article thumbnail

How to Succeed as a Management Consultant

The Consultants Peer Group

Yesterday I was a presenter on a national Zoom ‘webinar’ on the ‘High Cost of Ethics Lapses’ in the management consulting profession. McKinsey, fined nearly $1bn for their involvement with opioid ‘crisis.’ Then more books, The Big Con , When McKinsey Comes to Town , and so forth. The jokes persisted. How about you?

article thumbnail

Five Ways to Raise your Game in Consulting - Part 7

The Consultants Peer Group

In this series I have outlined not only these very public ethics lapses but also present five ways you, as a management consulting professional, can distance, or differentiate, you and your practice from others who are not so inclined. Do you adhere to a Code of Ethics, a Consulting Competence Framework, and a Code of Conduct.

Ethics 52
article thumbnail

Personal Ethics -- in Consulting Offers and in Business

CaseInterview.com

My Reply: There is no right answer for everyone and depends on your personal sense of ethics. But , there will be one person out there in the world who considers you at worst dishonest, at best lacking ethics. Looking forward to hearing from you! If at all possible, try to avoid rescinding an acceptance on an offer.

Ethics 40
article thumbnail

How Future-Proof Are Your Leadership Skills?

Organizational Talent Consulting

If you believe that training is expensive, it is because you do not know what ignorance costs." According to a study by McKinsey & Company, it is projected that by 2030, the time spent during a workweek on information technology and programming tasks will increase the most. Evaluate the ethical consequences of decisions. &