Remove Compliance Remove Ethics Remove Incentives Remove Leadership
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Why is it so darn easy to say NO?

Women on Business

Ultimately, there is a lot less work for the employee who says “no” (think compliance departments). What if service people were given incentives for the “yes” answers they gave to customers and were docked pay for their “no” answers? If the person says “yes” they may have to do something and then take a risk for doing it.

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Simple Ethics Rules for Better Risk Management

Harvard Business Review

For far too long, managing risk has been seen as an esoteric business function — designed to control losses and adhere to compliance standards. Ethical lapses arise when people take risks but do not bear the downside of their risky behavior. Misaligned incentives can also create organizational “blind spots.”

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Interns to the Rescue! :: Women on Business

Women on Business

If possible, provide some financial incentive like a small hourly rate or commission for work well-done. Make sure you say in your ad description what they need to be successful with you (eg – a computer with internet access, a nice phone voice, computer skills, etc.). I have used www.internhere.com to post my request.

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Why Ethical People Make Unethical Choices

Harvard Business Review

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. Creating an Ethical Workplace. You and Your Team Series.

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Wells Fargo and the Slippery Slope of Sales Incentives

Harvard Business Review

” That speaks to why they did this in the first place: To meet sales quotas and earn incentives. ” Politicians, predictably, have railed against the leadership at Wells Fargo and have called for Stumpf’s resignation. Large-scale unethical sales practices often begin with minor ethical compromises.

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The Big Picture of Business – Business Success Checklist

Strategy Driven

Provide leadership. Legal compliance and precautions plan is annually updated, with measurable goals. Incentives-rewards-bonus plan is annually updated, with realistic, measurable goals. The organization maintains and lives by an ethics statement. Distribution standards are documented, practiced and measured.

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Who’s Responsible for the Walmart Mexico Scandal?

Harvard Business Review

Late last month, on the second anniversary of the story nearly to the day, Walmart released its first Global Compliance Report (GCR). Certainly an important goal for Walmart’s board and current management is to improve the company’s compliance capability. Think GM and its delays in addressing problems with an ignition switch.).