Ethics

Coaching Tip

At a time when fraud, sexual harassment, and other forms of workplace misconduct are making daily headlines, ethics has become as indispensable a tool for the modern workplace as technology or finance. In TAKING ETHICS SERIOUSLY , author John Hooker, provides an intellectual framework for deciding whether an action is ethical. Hooker brings his extensive background in philosophy, logic, and management science to the rigorous analysis of ethical dilemmas.

Ethics 141

Ethics

Coaching Tip

At a time when fraud, sexual harassment, and other forms of workplace misconduct are making daily headlines, ethics has become as indispensable a tool for the modern workplace as technology or finance. In TAKING ETHICS SERIOUSLY , author John Hooker, provides an intellectual framework for deciding whether an action is ethical. Hooker brings his extensive background in philosophy, logic, and management science to the rigorous analysis of ethical dilemmas.

Ethics 100

"Ethics, Schmethics"

Execupundit

He hits the bulls-eye with this essay on ethics and purchasing procedures. [I Not one word either about their tacit expectation that, in addition to providing services, we will also provide interest-free, 90-day financing on those services. Bravo to Robert Boguski.

Ethics 130

To Understand Complexity, Use 7 Dimensions of Ethical Thinking

Leading Blog

T HE BOTTOM LINE is that there is no “good leadership” without ethical thinking. The thinking that powers leadership choices must be grounded in ethical values or the impact on important constituents will be overlooked. 7 Lenses™ of Ethical Responsibility.

Ethics 147

Ethical Viewpoints & Environmental Investments: Helping Your Business Profit Emotionally (Without Wasting Profit)

Strategy Driven

With this in mind, are there any ways for us to embody a more ethical outlook while also keeping our finances down? The best place to begin is by looking at your business and how compliant it is from an ethical standpoint. For those companies that don’t think about it, you’ll soon see that your customers won’t align with your ethical viewpoints or you may have financial penalties.

Ethics 109

Developing a Strong Work Ethic Takes Work

Your Voice of Encouragement

We were all about the same age and from similar economic backgrounds, so it wasn''t a difference in generations or finances. It’s rooted in the development of a strong work ethic in childhood. Parenting Strong Work Ethic Personal Stories Personal Responsibility

Ethics 103

Why Finance Needs More Humanity, and Why Humanity Needs Finance

Harvard Business Review

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. Desai is the author of the new book, The Wisdom of Finance: Discovering Humanity in the World of Risk and Return. He also writes about finance and the economy for hbr.org.

Finance Can Be a Noble Profession (Yes, Really)

Harvard Business Review

When I ask students graduating from Harvard Business School what they’re doing next, I often get some version of “I’m going into finance but…” Then they quickly explain that finance is just a way station on the route to nobler goals. Recently, I asked a few students how people react to their choice to go into finance, and I was greeted with nervous laughter. The usual reactions to misbehavior in finance are outrage or regulation.

Quotes And Leadership Lessons From Ant-Man And The Wasp

Joseph Lalonde

You can’t be an ethical leader while doing unethical things. A Reel Leadership Article Paul Rudd and Evangeline Lilly return in the 20th Marvel Cinematic Universe movie Ant-Man And The Wasp.

Why Are Some Sectors (Ahem, Finance) So Scandal-Plagued?

Harvard Business Review

Ethics Leadership Risk management LIBORIn the past 25 years, the size of settlements, fines and penalties for individual corporations found guilty of wrongdoing has escalated from millions of dollars, to tens of millions, to hundreds of millions, to billions.

A Crisis of Character – A Book Excerpt

Lead Change Blog

Medical doctors are considered one of the most respected professions, yet the incidence of violations of ethics, misconduct and more appear to be higher than what one would expect from a profession that goes by the Hippocratic Oath to do no harm.

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So You Think Your Boss Is Breaking The Law

Strategy Driven

Your career is on the line; the personal finances of your family are on the line. Practices for Professionals business ethics strategydrivenPhoto courtesy of Pixabay. In the movies, if someone suspects their boss is breaking the law, the conclusion to the story is pretty standard.

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How to Fix Financial Capitalism? Focus on Ethics

Harvard Business Review

It has forgotten, as economist Robert Shiller writes in Finance and the Good Society , that "financing is really creating the architecture for reaching a goal. The goals served by finance originate with us. Finance is not about making money per se. Restoring trust and confidence requires commitment to and investment in professional and business ethics. Here are a few examples: Commit to a gold standard code of ethics and professional conduct.

How to Speak Up About Ethical Issues at Work

Harvard Business Review

You suspect that your finance colleague might be fudging numbers, your boss isn’t telling his manager the truth about an important project, or your co-worker is skipping out of the office early but leaving her computer on so it looks like she’s just down the hall.

Case Study: Can an Ethical Bank Support Guns and Fracking?

Harvard Business Review

As the founder and president of a new ethical bank focused on environmental sustainability, Jay McGuane realized that he and his board needed to set guidelines about which loans to approve and which to reject on “values” grounds. Without clear ethics rules, Jay worried that his already divided directors would fall into bitter squabbling, which could lead to resignations, negative media attention, and a flight of investors. What is ‘green’ if not an ethical principle?

CEOs Who Began Their Careers During Booms Tend to Be Less Ethical

Harvard Business Review

For instance, people who entered adulthood during economic depressions tend to be attuned to economic and national security throughout their adult lives , and particularly cautious with their personal and professional finances. Based on these previous findings, we wondered: Would CEOs who began their careers during boom times be less ethical? Our question stemmed from the idea that prosperous times are often linked to ethical missteps.

It's Your Country.Lead It!

Coaching Tip

For our children's future, America needs to get better by reengineering our shared values and implementing a united ethical purpose. Despite waitressing to supplement her 20-year career as a support specialist at a cable company, the woman said that her finances are strained as utility bills, gas prices and the expenses of her two daughters keep growing. The American Dream is dying. .

Class 139

How Goldman Sachs Drifted

Harvard Business Review

Ethics Finance Organizational culture Steven G. Mandis of Columbia Business School discusses his book, What Happened to Goldman Sachs: An Insider’s Story of Organizational Drift and Its Unintended Consequences. Download this podcast.

The Future Is Where Brands Must Focus

Great Leadership By Dan

And the actions that these brands take to demonstrate their credibility must clearly illustrate a blend of corporate ethics and brand authenticity.

Brand 164

The Trust Issue

Strategy Driven

The ‘actual’ difference between ethical brands with a moral code and those exposed as being without one, is increasingly a key factor in consumer brand adoption or rejection. Businesses want to have strong and long-lasting relationships with their consumers.

Brand 141

Management Futures: The best people make the best managers

Chartered Management Institute

For the past few decades, the matters of ethics and social responsibility in business have been put firmly in their place: a short section near the end of the annual report; a few minutes before the close of the Board meeting. It has been – and often still is – seen as very much junior to the big beasts of finance, strategy and marketing.

PR 82

Some Ideas To Help Accelerate Your SWOT Analysis

Six Disciplines

Products and Services (price, quality, Finances (stability, profitability, debt to equity ratio). Cultural (values, ethics). A SWOT analysis is a tool used to assess an organization''s strengths, weaknesses, opportunities and threats. The purpose of using the SWOT tool is to uncover or reveal the organization''s competitive advantages, and what opportunities (sales, profitability) to capitalize upon.

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Know Your History, Purpose and Direction

CoachStation

My career from that point has almost always been in leadership roles within the retail, hospitality, finance and contact centre industries in Australia and overseas. Industries we have worked within include finance, architecture, recruitment, health, government and local council.

Hammer 163

If the Auditors Sign Off, Does That Make It Okay?

Harvard Business Review

Fastow suggested that to avoid falling into an ethical trap he should have asked himself the right questions: Am I only following the rules or am I following the principles? Fastow said we can begin by understanding that structured finance is like steroids: a little can cure many illnesses, but a lot can destroy your organs. Ethics Finance Risk management

Ideas To Help Accelerate Your SWOT Analysis

Six Disciplines

Products and Services (price, quality, Finances (stability, profitability, debt to equity ratio). Cultural (values, ethics). A SWOT analysis is a tool used to assess an organization's strengths, weaknesses, opportunities and threats. The purpose of using the SWOT tool is to uncover or reveal the organization's competitive advantages, and what opportunities (sales, profitability) to capitalize upon.

SWOT 146

What It Will Take to Change the Culture of Wall Street

Harvard Business Review

One of the changes I document in the book is how Goldman drifted from a focus on ethical standards of behavior to legal ones — from what one “should” do to what one “can” do. This kind of interdependence has the potential to move the focus back to ethical standards of behavior instead of just legal ones. Compensation Ethics Finance William C.

Psychopaths on Wall Street

Harvard Business Review

Citing Richard Peterson, managing partner of MarketPsych (a firm that provides psychological and behavioral finance training for the industry), DeCovny notes that these are some of the traits that also predict success on Wall Street. Consistent decisions in their self interest, even where it is ethically questionable. Ethics Finance HealthPsychopaths are the subject of endless fascination.

The Libor Scandal and the Price of Prosperity

Harvard Business Review

Now, let me couch this for you in the human terms of political economy — the terms in which you and I should rightly conceive of an "economy" as the sum of the enduring human good; not merely as a set of pipes for the grease of finance to be injected into. Economy Ethics FinanceTo the long, dismal list of fatally broken institutions — GDP, governments, schools, corporations — we can add the mysterious Libor , and its conveniently comfortable calculation.

Hamel 17

How Share-Price Fixation Killed Enron

Harvard Business Review

Were the rating agencies aware of Enron''s oft-maligned financing structures? In essence, these financing structures were a "fail safe" designed to ensure that Enron''s balance sheet remained investment grade. The financing structures built to protect Enron in just such an event were unwound. Ironically, the company''s bankruptcy might have been avoided had Enron lived up to the promises in those oft-maligned financing structures. Ethics Failure Finance

Why the Fed Is So Wimpy

Harvard Business Review

Ethics Finance Government Regulatory capture — when regulators come to act mainly in the interest of the industries they regulate — is a phenomenon that economists, political scientists, and legal scholars have been writing about for decades. Bank regulators in particular have been depicted as captives for years, and have even taken to describing themselves as such.

Culture, Not Leverage, Made Wall Street Riskier

Harvard Business Review

The result was an intense focus on risk, including risks related to ethical standards. Ethics Finance Risk management Over the summer, U.S. regulators announced new rules that would limit the leverage (ratio of debt or assets to equity) that the biggest U.S. banks can use in their business. The reasoning, backed by several respected scholars, is that leverage was a leading cause of the financial crisis.

High Frequency Trading: Threat or Menace?

Harvard Business Review

Ethics Finance Technology There’s a wonderful scene (one of many) in Michael Lewis’s new book, Flash Boys: A Wall Street Revolt , in which John Schwall, then the head of product management at RBC Capital Markets in New York, decides one day in 2011 to figure out how stock trading had evolved into a high-speed, unfair race he thought it had become. Schwall goes into his backyard with a cigar, a chair, and an iPad, and Googles “front-running,” “Wall Street,” and “scandal.”

Hedge 12

Why Bankers Need to Be Put Into Little Boxes

Harvard Business Review

Compensation Ethics FinanceThere's a beguiling little moment in the financial-crisis documentary Inside Job where hedge fund billionaire George Soros describes the principles of oil tanker design. If a tanker consisted of one big tank of oil, the sloshing liquid would soon capsize the vessel, Soros explains. So tankers are comprised of lots of smaller, separate tanks, which keeps the sloshing in check and the ships afloat. Financial markets are like that, Soros goes on.

Do Commodities Speculators Make Things Cost More?

Harvard Business Review

Ethics Finance Global business Commodities trading, Adam Smith wrote in 1776 , was a boon to efficiency and a foe to famine. It was also extremely unpopular, especially in years when harvests were poor (he was writing specifically of trading in corn). The popular odium.

Why Companies Are Blind to Child Labor

Harvard Business Review

For example, Apple says that whenever it finds an underage worker in its supply chain, it sends the child home safely, continues paying his or her wages, and even finances the child’s education and offers employment once doing so is legal. Ethics Psychology Social responsibility Articl

3 Ways To Successfully Attain Any Goal In Life.

Rich Gee Group

A better way to break up your steps would be to have three segmented goals (with sub-goals) that build up to your main goal, ownership of the Z4: Finance – a. When are the Finance and Research steps complete? Initiate the finance process.

Goal 230

These Are the People You Need on Your Startup Team

Chart Your Course

Business leadership researchers tell us that the best traits for your CFO are emotional stability and global ethics. The finance department is your business foundation so you need it to be one that you can trust. New ventures, especially tech startups, have a character of their own.

CFO 130

Leadership Lessons from the Banking Upheaval

Great Leadership By Dan

New CEO Antony Jenkins has set out an ethical vision for the bank, assessing performance “not just on what we deliver but on how we deliver it.” Finance should by definition be a risk-averse business.

SAC and the Strange Focus on Insider Trading

Harvard Business Review

Ethics Finance Government Five years after a financial crisis that, as best anybody can tell, had almost nothing to do with insider trading by hedge funds, the two biggest post-crisis criminal crackdowns on the financial sector in the U.S. have centered on. insider trading by hedge funds.

Hedge 12

At Olympus and Goldman Sachs, Two Very Different Whistleblowers

Harvard Business Review

Ethics Finance LeadershipOne of the great challenges for business leaders is to separate fact from opinion. Bad facts must lead to action. Bad opinions may lead to action, but not necessarily. The different implications arising from hard fact and harsh opinion are illustrated by two whistleblowers who have recently published books. The first whistleblower — using facts — is former Olympus CEO Michael Woodford , who uncovered a huge accounting fraud at the company.

The Perils of Hitting “Reply All”

Great Leadership By Dan

The job seeker, Manos Katsampoukas, sent his resume to 4000 recruiters politely asking for a position in finance or marketing. The industry in general doesn’t have the greatest reputation when it comes to integrity, ethics, and treating people with respect.

PR 180

The Big Picture of Business – Business Success Checklist

Strategy Driven

Strategic Plan includes provisions for refinancing, equity and debt financing. Finance charges are negotiated. The organization maintains and lives by an ethics statement. When you own and operate a business you need to have certain procedures for an efficient and seamless function. Sometimes the difficulty of managing your time makes for a haphazard operation.

Leadership and Product Management

Lead on Purpose

Accounting/Finance: This group is often completely ignored by product management.