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In the 21st century, ethics is neither a luxury nor an option.
There is a growing impatience within society with selfish and irresponsible actions that impoverish some, while enriching the crafty. Hewlett Packard demonstrated its commitment to ethical integrity under the leadership of Carly Fiorina. Reynolds Tobacco Company was caught covering up knowledge about the addictiveness of nicotine.
In addition to social responsibility, there are other compelling motivations for 21st century organizations to make ethical values a priority. With the nation in a recession at the time, the catchy slogan helped Clinton connect with Americans on a critical issue. It seems almost too basic to merit mention, but irresponsible behavior is so common that the obvious must be stated.
Fueled by selfish ambition, greed can cause leaders to lose perspective and rationalize unethical behaviors.
The bad news for offenders is that society is more alert than ever before to ethical recklessness that benefits some, while injuring others. Kilcullen and Kooistra exposed the sins of the R. Sources on the changing role of business ethics and corporate social responsibility.
An internal memo distributed throughout the R. Ethics as a Priority More than simply a legal or moral responsibility, ethics need to become an organizational priority. Leaders must also keep a constant eye on the mission, vision, values, culture, strategy and goals of their own organizations.
However, to succeed in the 21st century, organizations will have to figure out how to make ethics a priority. Priorities are those few things that are deemed most important. Many things are important, some more and some less important, but only a few things are most important.
Ethical values need to achieve recognition as among the elite, most important success factors in modern organizations.
As an organizational priority, ethics will not only affect decision-making but also, and ultimately, institutional culture. To achieve this ideal, there must be an alignment process that integrates business ethics with mission, vision, values, strategies and goals.
Ethical values are essentially social in nature, therefore, this alignment process will be concerned with relationships and defining relational expectations.
The goal of an ethical organizational culture is the greater good of all.
Internal relationships between leaders and followers, as well as external relationships with clients, customers, vendors and the community are all prized. As a result, people are treated well consistently and an ethical culture emerges.
A great opportunity awaits organizations alert to the potential of ethical values in shaping the future. One illustration of this kind of possibility thinking is found in a challenge put to the International Olympic Committee. The challenge originates from a growing disillusionment with the Olympic Games, which has become characterized by the worst features of the competitive culture: Almost simultaneously on another front, disenchantment with the social and ethical consequences of globalization is occurring.
When this occurs, communities benefit from the positive influences employees take from their workplace back to families, friends and associates. Values-Based Culture In the 21st century, ethics is neither a luxury nor an option.
More than competence, experience, intelligence and drive, people at all levels of an organization need ethical values. Kidder is the founder and president of the Institute for Global Ethics, an organization whose research has identified four key factors in creating a values-based culture.
Shared core values According to Kidderthere are five core values found in some form in every culture worldwide. They are honesty, respect, responsibility, fairness and compassion.
A values-based culture will make these core values the driving force in decision-making.You write your business plan, you create forecasting spreadsheets, you build PowerPoint presentations for clients and investors, etc.
The other kind uses AutoCAD to design the product, a compiler to write the code, etc. -- whatever it takes to start actually making the product. Financial Statement Fraud Historically represents a small percentage of fraud cases % of cases in the ACFE Report to the Nations But, it is usually the most material Median loss of $1 million in the ACFE Report to the Nations.
If this industrialist used his political and corporate influence for his own selfish ends, he could be described as a robber baron. unless backed by great capital.
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During the last decade of the century, such small businesses as still remained were fast-failing survivals of a past epoch PowerPoint Presentation Last modified by.
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