Making Your Company More Ethical
Recently two scholars associated with the University of Pennsylvania published a short article in the Harvard Business Review on What You Can Do to Improve Ethics at Your Company
. This advice is based on a study of a sample of C-Suite executives from around the world as well as on the experience the authors gleaned from their own consulting practices.
The 30 leaders in the study recalled a total of 87 “major” ethical dilemmas from their career histories. More than 50 had occurred in the course of the last five years. Another surprise was how few of the incidents were caused by bribery, corruption, or anti-competition issues (only 16 percent of all ethical dilemmas mentioned). More often the dilemmas were the result of competing interests, misaligned incentives, clashing cultures.
Their advice is simple, clear and very practical.