|
Content |
June/July 2011 |
Management World is a bi-monthly publication of the Institute of Certified Professional Managers. It serves to highlight current business trends and improve management capabilities and productivity. Its publication is supported by a grant from the Administrative Management Society Foundation (AMSF). Articles may be printed for individual use, but not for republication.
- Institute of Certified Professional Managers
- James Madison University, MSC 5504
- Harrisonburg, Virginia 22807
Phone: 800-568-4120 - ©2011 Institute of Certified Professional Managers, All Rights Reserved.
Just as individuals have to choose the right and wrong ways to act, so do companies. When the law does not specify a course of action, then company managers are left to decide what is just and ethical. When companies act ethically, their stakeholders support them. When companies act unethically, they risk a loss of reputation, skilled personnel and consumer loyalty. The June/July issue of Management World shares several perspectives on ethical decision making and offers guidance to assist you when faced with your next ethical dilemma. Lynn S. Powell, CM, Editor
Globalizing
Your Moral Compass
“Relativity applies to physics, not ethics.” It’s quite possible that when Albert Einstein first made this statement he intended to refer only to personal ethics. At the time he said it, most people probably would have agreed that the principle applied to business as well. However, times have changed. As businesses operate in an increasingly globalized world, ethical conduct . . . . .
Business
Ethics: Ethical Decision Making
In a socioeconomic climate in which a sizable chunk of the population equates "business management" with "greed," the idea that businesses routinely make use of ethical decision-making tools cuts against the late-night punch lines. Yet as businesses grow in size and complexity, a solid ethical program is a practical and public-relations necessity for larger enterprises to . . . . .
Deloitte’s 2010 Ethics & Workplace Survey
In 2007, Sharon Allen, Deloitte LLP’s chairman of the board, commissioned the first annual Ethics & Workplace Survey. In the past the survey focused on the relationship between career-life fit and ethical behavior at work, how leadership transparency translates into a more productive and ethical workforce, and the reputational risk associated with the increased use of social networking. The 2010 survey takes a closer look . . . . . .
A code of ethics is a vital document for any business, as breaches of ethics can land companies in serious trouble with consumers, other organizations or government authorities. Creating a code of ethics makes decision-making easier at all levels of an organization by reducing ambiguity and individual perspectives on . . . . . .
Management Thought Leaders
Imagine a World Without Ethics
Why do we behave ethically? Just think what life would be like if everyone did what they wanted, without regard for consequences. Much of my time is devoted to traveling around the country and giving speeches about ethics. Because this topic is of fundamental importance across all social groups, I'm hired to address people in business, education, health care, law, and the government. At the end of every talk, I ask the group, "Why should we be ethical?"