Harvard Business

DECEMBER 16, 2016

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.

Ethics 70

Ethics Policies Resources System 70

Harvard Business

MARCH 24, 2017

This is just one example of pressures that unfortunately are all too common in business. The onus for ethical behavior falls first to the employee. Most companies talk a good ethics game and even make their goals public. For example, compensation tied solely to landing a contract invites abuse of the system.

Ethics 71

Ethics Company Policies Sales 71

Harvard Business

APRIL 29, 2016

However, one of the more unsettling and unintended consequences of a singular focus on ethics-as-compliance is a checkbox mentality that gives the illusion of reducing risk without really doing so. So what can a company do to excel ethically? Plato emphasized a virtue-based system of ethics 2,400 years ago in his Academy.

Ethics 70

Ethics Culture Agile Exercises 70

Harvard Business

SEPTEMBER 19, 2017

I’ve been a consultant for almost 20 years, advising companies on complex challenges in ethics, risk, and responsibility. Happily fading from memory is the cliché that ethics and compliance teams effectively constitute a “business prevention department.”

Ethics 136

Ethics Metrics Energy Financial 136

Harvard Business

DECEMBER 12, 2018

At the same time, the need to win can blind us to ethical considerations. In one study, we asked 164 MBA students to read a hypothetical scenario (based on a true story) about an investment banker facing an ethical dilemma, and to estimate the likelihood that this banker would indulge in unethical behavior. Our Studies Study 1.

Ethics 133

Ethics Comparison Banking Study 133

Epicflow

JULY 12, 2022

During the recent decade, companies have been making efforts to transform their business processes and culture to turn into data-driven organizations. . Data privacy, ethics, and security will be treated as areas of required competency. Cultural challenges. Continue working on culture development.

Data 187

Data Analysis Efficiency Survey 187

Harvard Business

JULY 19, 2018

For example, many managers still believe that the errors they make in evaluating their employees can be corrected by training them to recognize the potential errors and suggesting ways to avoid them, while the actual evidence shows that such training can actually increase the number of errors they make. We advocate for three main changes.

Research 131

Research Journal Ethics Metrics 131

Management Consulted

AUGUST 1, 2013

This fits hand in hand with their culture of treating new hires as potential Partners, offering them opportunities early on to engage in important projects. For example, here’s the straightforward Oliver Wyman career pathway: Analyst. OLIVER WYMAN CULTURE. Strategic Information Technology and Operations. Consultant.

Oliver Wyman 201

Oliver Wyman Interviews Mercer NERA Economic Consulting 201

Harvard Business

MARCH 7, 2017

Susan Fowler, a former site reliability engineer at Uber, recently wrote about her “very, very strange year at Uber,” characterized by a pervasive culture of alleged sexual harassment. But must employees, investors, and other constituents accept harmful employment cultures in fast-growth organizations until a crisis occurs?

Recruiting 143

Recruiting Recruitment Finance Agile 143

Harvard Business

JULY 5, 2017

Jones’ offer was rescinded when she refused to get rid of her dreadlocks, a hairstyle that the firm deemed a poor fit for its culture. In this example, organizational culture and the legal system mutually reinforce the idea that non-Eurocentric hair is unprofessional. Now, let’s look at a different visual cue.

Case Interview 132

Case Interview Fashion Culture Insurance 132

Harvard Business

APRIL 18, 2017

Immigration does not merely increase the size of the population in the destination country; it also increases demographic and cultural diversity, particularly when immigrants have come from very distant countries. In fact, whether cultural diversity carries more economic benefits than costs is still a hotly disputed question among scholars.

Construction 129

Construction Culture Policies Development 129

Martinka Consulting

APRIL 24, 2017

(This is what happens when you create the right culture.). My clients question to me was, if and after he hired her, is it was ethical to go after her customers? If she goes and badmouths her previous employer it’s wrong, it won’t impress her customers, and it could damage his culture. My reply was “That’s business.”

Ethics 40

Ethics Culture Examples Consulting 40

Rick Conlow

MAY 17, 2023

This type of leadership creates a culture of trust, respect, and open communication within the organization. 10 Cultural Principles of Servant Leadership Embrace the ten key principles of servant leadership. In summary, these companies serve as excellent examples of how servant leadership applies in various industries and contexts.

Leadership 112

Leadership Training Training Airlines 112

Harvard Business

APRIL 11, 2017

A recent merger has shifted the organization’s culture from one that values collaboration as a way of achieving high performance to one that encourages intense competition. His religious and cultural values contrast sharply with many of the values held by the majority of his colleagues and superiors in his organization.

Ethics 131

Ethics Video Case Interview Survey 131

Harvard Business

FEBRUARY 5, 2018

90% of them reference ethical behavior or use the word “integrity,” 88% mention commitment to customers, and 76% cite teamwork and trust. For example, all fast-food restaurants must embody the values of speed and convenience; all software makers must value reliability and ease of use.

Ethics 134

Ethics B2C B2B Company 134

Harvard Business

MAY 25, 2017

” Take, as an example, the world’s largest mining company by market capitalization, BHP Billiton. Specifically, to help modify the bank’s culture to match its stated values, the Remuneration Committee and Board recommended a change to the reward split: TSR 50%, customer satisfaction 25%, and people and community 25%.

Financial 122

Financial Banking Metrics Benchmarking 122

Rick Conlow

JANUARY 31, 2022

Seldom does a day go by without another story in the media about a leader–in government, religion or business–that bites the dust because of an ethical or behavioral failure. 5 Lead by Example to Improve Retention: You go first! This leadership principle–leading by example–is an art forgotten by many.

Leadership 123

Leadership Examples ROI Ethics 123

Harvard Business

SEPTEMBER 5, 2018

Here are some examples of common workplace systems and processes that can get tainted by class-based bias: Hiring, Onboarding, and Culture Fit. Many companies use some sort of “culture fit” criteria to judge whether a candidate would fit in. What is culture fit? For example, what are elite sports?

Company 132

Company Resumes Sports Culture 132

Harvard Business

SEPTEMBER 17, 2018

After all, those that find themselves embroiled in bribery scandals, for example, face a host of consequences, including business disruption, steep financial and legal costs, and harm to their brand and reputation. And consumers are placing a higher and higher value on whether a company has ethical practices, too.

Company 70

Company Ethics Tools Operations 70

Harvard Business

DECEMBER 20, 2016

election and Brexit are only the most recent examples of the pervasive, burgeoning importance to corporations of business-in-society issues. In virtually every country across the globe, a broad range of governmental and ethical issues directly and immediately shape what companies can and cannot do. But the U.S.

Ethics 70

Ethics Policies Government Examples 70

Harvard Business

NOVEMBER 28, 2018

Traditionally, this research has focused on the contextual or external drivers of engagement, such as the characteristics of the job, the culture of the organization, or the quality of its leaders. Why is it that some people are more engaged — excited, moved, energized by their jobs — than others?

Emotional Intelligence 132

Emotional Intelligence Energy Ethics Study 132

Harvard Business

SEPTEMBER 4, 2018

Reading the report with that lens can help leaders better understand the biases that get in the way of ethical conduct and ethical organizations. ” For example, leaders are more likely to talk about deadlines, objectives, and effectiveness than values such as integrity, respect, and compassion. Performance over principles.

Ethics 70

Ethics Report Recruiting Recruitment 70

Tom Spencer

MARCH 16, 2014

STEEPLED: Social, Technological, Economic, Environmental, Political, Legal, Ethical, and Demographic. For example, social factors might be quite relevant for a retail business, but political factors will be more relevant for a global munitions dealer. Cultural and sporting events. Prohibitions, taboos, and ethical issues.

Analysis 114

Analysis Intellectual Property Trends Ethics 114

Harvard Business

NOVEMBER 15, 2016

In his Nicomachean Ethics , Aristotle states that it is a fact that “all knowledge and every pursuit aims at some good,” but then continues, “What then do we mean by the good?” ” That, in essence, encapsulates the ethical dilemma. ” Unraveling Ethical Dilemmas. Cultural Norms vs. Moral Values.

Ethics 70

Ethics Operations System Data 70

Harvard Business

APRIL 10, 2018

For example, firms with better-connected CEOs can obtain cheaper financing , and firms with well-connected board directors see better performance. We analyzed each CEO’s network by documenting their school ties, work ties, and leisure social ties (for example, clubs and charities) in the past. Bernhard Lang/Getty Images.

Research 130

Research Finance Study Analysis 130

Harvard Business

DECEMBER 1, 2016

The Empathy Index seeks to answer the question: Which companies are successfully creating empathetic cultures? We break down empathy into categories: ethics, leadership, company culture, brand perception, and public messaging through social media. How do you go about infusing your company culture with more empathy?

Company 70

Company Ethics Methodologies Automotive 70

Harvard Business

NOVEMBER 11, 2016

For example, before seeking to acquire another firm, Joe, the CEO of a midsize consumer packaged goods company, gathered his team and revealed the company’s financials in great detail. When trust is sullied, rancor, animosity, and misgivings can turn a culture of cooperation into a mosh pit of dysfunction. Always Wear White.

Software 132

Software Ethics Company Course 132

Harvard Business

MARCH 22, 2018

They also consider it fair when their evaluations are accurate and are conducted based on ethical and moral principles. For example, in one of our studies we had participants work on a task for two rounds. Specifically, employees perceive the fairness of evaluation processes when they feel included and respected.

Comparison 133

Comparison Research Ethics Study 133

Harmonious Workplaces

JANUARY 25, 2024

Merging insights from leading consulting firm McKinsey, academic journals, and contemporary cultural references like Ted Lasso , this blog explores the multifaceted nature of leadership to which many, if not most, organizations may wish to aspire. These practices include: Model the Way  — Create standards and set the example.

McKinsey 98

McKinsey Sports Ethics Leadership 98

Harvard Business

MAY 19, 2016

For example, it is legal to possess and use Modafinil in the United Kingdom without a prescription, but not in United States. Because these drugs are — for the most part — safe, effective, and easy to get, they pose several ethical challenges for both workers and organizations. billion in 2015. The Big Questions.

Ethics 133

Ethics Exercises Study Policies 133

Harvard Business

JULY 19, 2018

Each Aravind surgeon, for example, has help from six paramedics in the clinical domain and four assistants for administrative and support services. For example, Narayana Health encourages family members to provide post-ICU care for patients after undergoing a four-hour audio-and-video curriculum developed with Stanford University.

Transportation 121

Transportation Training Training Examples 121

Harvard Business

AUGUST 28, 2018

They knew that being noticed — for example, by interjecting during meetings and taking credit for accomplishments — was a conventional strategy for professional advancement. For example, Sharon (all names have been changed), an administrator in a compliance office, recounted an interaction with a male colleague.

Leadership 132

Leadership Study Policies Meeting 132

Harvard Business

JULY 25, 2016

These issues include legislation, regulation, litigation, enforcement, investigations, geopolitical risk, demands for ethical actions, and public criticism, affecting all the functions of the corporation in their interaction with all levels of global governments (central, regional, local).

Ethics 70

Ethics Financial Intellectual Property Analysis 70

Harvard Business

JUNE 9, 2017

For example, overly restrictive rules that force advisory or review committees to staff themselves with people whose primary asset is they are “conflict free” can deprive them of the input of true experts. However, when policies are created to prevent any outlier event, the results are often undesired unintended consequences.

Pharmaceuticals 124

Pharmaceuticals Policies Journal Research 124

LSA Global

NOVEMBER 19, 2018

Competitive or Collaborative Culture in the Workplace. When designing the ideal organizational culture to best execute your business and people strategies, what is the best balance between healthy competition to motivate performance and smart collaboration to ensure that the whole is greater than the sum of its parts?

Culture 39

Culture Ethics Accenture McKinsey 39

Rick Conlow

AUGUST 19, 2021

For example, one manager declared that customer service was his #1 priority. Leaders who are genuine not only act the part but also declare their values, ethics, and standards quite clearly. Former CEO of Medtronic, Bill George , led by example. How well does he or she listen to others?

eBook 144

eBook Leadership Emotional Intelligence Research 144

Harvard Business

SEPTEMBER 20, 2016

The culture in such sales forces may be sales-oriented and even competitive, yet salespeople still behave ethically and remain focused on meeting customers’ needs. Large-scale unethical sales practices often begin with minor ethical compromises. Things escalate and spread from there. .”

Sales 70

Sales Ethics Banking Insurance 70