The Management Centre

OCTOBER 23, 2020

Most of us hold these leaders to higher ethical standards than those in the commercial sector. Many that we have worked with have already committed to being ethical in their leadership practices. We asked participants on our Transformational Leadership course in 2020 what being ethical meant to them in practical terms.

Ethics 96

Ethics Policies Leadership Recruitment 96

Harvard Business

OCTOBER 6, 2016

For example, seeing that Starbucks cup might make consumers care more about products made from recycled materials. For example, one study showed that participants who selected green products over conventional products were more likely to cheat on a future task. But do such messages truly promote altruism?

Ethics 108

Ethics Study Groups Examples 108

Tom Spencer

OCTOBER 25, 2024

This article delves into the rising importance of ESG metrics, how companies are integrating them into their operations, provides leading examples, and highlights the evolving regulatory landscape. Governance Metrics: These assess the quality of a company’s leadership, executive compensation, and adherence to ethical standards.

Metrics 78

Metrics Ethics Government Financial 78

Steve Shu Consulting

NOVEMBER 23, 2018

For example, suppose there are a layered set of three main goals to encourage people to 1) participate in a retirement savings plan, 2) save enough money, and 3) invest wisely. ethical, philosophical, financial), and desired outcome measurements. financial spending, medication adherence, governmental compliance).

Ethics 276

Ethics Financial Tools Research 276

Epicflow

DECEMBER 20, 2024

Finally, wed like to give the example of a startup Senital 4D [1] which combines AI with 3D cell biology to accelerate cancer drug discovery. For example, the DARWIN EU initiative [2] collects real-world data on diseases, the use of medications, and their performance, which is further used by EMA for regulatory decision-making.

Pharmaceuticals 130

Pharmaceuticals Trends Industry Healthcare 130

Tom Spencer

APRIL 14, 2023

While AI has the potential to bring significant benefits, it also raises important ethical questions. This article will explore some of the ethical implications of AI in consulting, and discuss potential ways to address these concerns. Potential for bias One of the main ethical concerns with AI systems is the potential for bias.

Ethics 88

Ethics Consulting Healthcare System 88

Tom Spencer

APRIL 7, 2023

This article will explore some of the most notable examples of AI in consulting, including its use in market research, strategy development, and operational optimisation. This article will explore some of the most notable examples of AI in consulting, including its use in market research, strategy development, and operational optimisation.

Examples 88

Examples Consulting Management Tools 88

Harvard Business

DECEMBER 23, 2016

A few years ago, I was teaching a two-day program about ethics in India for entrepreneurs and business faculty who taught entrepreneurship. My aim was to take a new approach to values-driven leadership development, one that was a stark departure from the way companies and educators had been teaching business ethics.

Ethics 70

Ethics Culture Education Operations 70

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

Clarity Consultants

FEBRUARY 25, 2025

For example, compliance training can integrate scenarios showing both compliance successes and failures, reinforcing key principles through relatable characters and situations. Developing strong storytelling skills can make abstract topics like leadership, ethics, and innovation more tangible and memorable.

Training 130

Training Training Case Studies Case Study 130

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

Steve Shu Consulting

OCTOBER 24, 2015

I use this case to demonstrate one example of what a successful innovation center might look like. Chapter 8: Nudges Refined, Ethics Examined, Acceptability Explored – This chapter introduces Nudge Psyche, a checklist of things to think about so that you can be deliberate about how you approach nudge design and ethics.

Ethics 150

Ethics Finance Research Government 150

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

NOVEMBER 1, 2018

For example, there is evidence that people tend to be more dishonest later in the day , because they’re more fatigued, and when they’re anxious , because they’re more likely to look out for themselves. Managers seek resources for their employees, for example. Alex and Laila/Getty Images. vs. 72.2%).

Ethics 129

Ethics Study Research Hotels 129

Effective Managers

JUNE 24, 2024

Ethical Considerations and Challenges While AI offers numerous benefits, it also raises ethical concerns and challenges. With AI systems processing vast amounts of personal and sensitive data, businesses must adhere to stringent data protection laws and ethical standards to maintain customer trust.

Ethics 130

Ethics Efficiency Operations ROI 130

Steve Shu Consulting

NOVEMBER 10, 2015

For example, when presenting a set of choice options in list format, a cognitive bias known as the primacy effect may be observed where people tend to be influenced more by the first option in the list. These management considerations sometimes require a more detailed appreciation of behavioral science.

Ethics 150

Ethics System Finance Company 150

Successful Independent Consulting

FEBRUARY 12, 2021

For example, most successful independent consultants have over 500 connections on LinkedIn. Consider these two examples: Leadership alignment / strategic off-sites – Most companies can’t afford to have someone on staff to do this, or their existing staff doesn’t have the skills, bandwidth or right relationships with the executives.

Cash Flow 370

Cash Flow Consulting Insurance Insurance 370

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

The Consultants Peer Group

SEPTEMBER 20, 2023

As you are likely aware, there are enumerable media articles on ethics lapses in management consulting. USD] because of, among others, ethics and conflicts of interest abuses ; When McKinsey Comes to Town argues that the legendary firm has accrued an inordinate amount of influence chasing profits at the expense of moral principle.

Ethics 98

Ethics Consulting McKinsey Examples 98

The Consultants Peer Group

MARCH 24, 2023

Lack of consulting ethics once again. I have written previously on the topic ( Reputational Damage , see [link] ) and provided several examples of other negative press from a nearly $600 million settlement in work for Opioid companies, to implication in Angola corruption scandal, and to possible violations of French campaign laws.

Ethics 52

Ethics Consulting McKinsey Government 52

The Consultants Peer Group

MARCH 14, 2024

I had written several blogs regarding the high cost of ethic lapses in consulting, in particular in June of last year Consulting Ethics Challenges , which addressed the very public nature of PwC Australia’s ethics problems. The high costs of those ethics problems are now very visible and quite frankly ugly.

Ethics 52

Ethics Financial Consulting Report 52

Chad Barr

MARCH 2, 2022

It is true leadership that is strengthened by conviction to ideals and ethics, love of country, and the fight for justice for all. Great nations can be shaped and fortified when their greatest leaders light the way by example. The post Leading by Example appeared first on The Chad Barr Group.

Examples 52

Examples Ethics Travel Leadership 52

Steve Shu Consulting

DECEMBER 31, 2014

For example, in the case of building a home, an architect’s design values for a project might be to minimize ongoing water usage relative to landscaping, promote interactions among the family during cooking and eating activities, and foster an energizing and happy environment through the use of natural lighting.

Finance 186

Finance Software Ethics Tools 186

Harvard Business

MARCH 28, 2017

Companies have tried many different ways to limit unethical behavior, from creating codes of conduct to implementing ethical training. For example, a radiologist might need to read three X-rays, three MRIs, and three ultrasounds. Evidence suggests that such behavior is widespread, and it can have devastating consequences.

Ethics 70

Ethics Groups Study Research 70

Harvard Business

MAY 18, 2016

Similar examples of unethical behavior abound in many other industries, from banking to insurance to health care. Understanding the psychology that drives decisions can help us make sense of corporate cheating scandals and, hopefully, behave more ethically, and promote more ethical behavior in our own organizations.

Ethics 128

Ethics Study Insurance Insurance 128

The Consultants Peer Group

DECEMBER 2, 2023

Ethics is a crucial aspect of management consulting, as it affects the trust, reputation, and value of the profession. Management consultants are expected to adhere to high ethical standards and principles, such as those set forth by the Institute of Management Consultants USA (IMC USA) in its Code of Ethics1.

Ethics 52

Ethics Intellectual Property Report Consulting 52

Harvard Business

NOVEMBER 28, 2018

For example, the EU’s General Data Protection Regulation (GDPR) requires that organizations be able to explain their algorithmic decisions. It should integrate professional skepticism with social science methodology and concepts from such fields as psychology, behavioral economics, human-centered design, and ethics.

Ethics 132

Ethics Data System Report 132

The Consultants Peer Group

JUNE 27, 2023

In my one of my previous blogs, Consulting Ethics Challenges , June 14, 2023, I wrote about the major problems PwC’s government advisory services was having in Australia. The cost ethics lapses is now clear. For the past 35 years, as a Certified Management Consultant®, I have adhered to IMCUSA's enforceable Code of Ethics.

Ethics 52

Ethics Consulting Government Report 52

Tom Spencer

MARCH 24, 2023

AI may be able to analyse data and make predictions, but it will always lack the ability to understand the nuances of human behaviour which require emotional intelligence, creativity, and an understanding of ethical decision making. For example, I once worked with a non-profit that was struggling to raise funds.

Emotional Intelligence 88

Emotional Intelligence Ethics Consulting Case Interview 88

Harvard Business

NOVEMBER 16, 2018

He provides an example: “What we normally run into is in customs. He offers an example of how to present this: “Our normal expected return in a particular region is 18-24 months, and we believe that is attainable, but we’re projecting 24-36 months to achieve those objectives in a way that is sustainable and ethical.”

Management 129

Management Ethics Government Sales 129

The Consultants Peer Group

JUNE 14, 2023

Where’s the lead sentence of my March 28, 2023 Blog, Consulting Ethics Concern Once Again , “Lack of consulting ethics once again. I went on to describe some recent consulting ethics lapses and proposed fixes. Peter Westlund CMC® showed a path to avoid these ethical traps through professionalism.

Ethics 40

Ethics Consulting Finance Management 40

Harvard Business

JUNE 27, 2017

As brands assume more and more AI functionality, businesses must proactively manage any potential ethical and legal concerns. Take, for example, Robyn Ewing, who used to develop and pitch TV scripts to film studios in Hollywood. And then there are ethical challenges. How to Properly Rear Your Brand Ambassador.

Ethics 128

Ethics System Development Talent 128

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

Harvard Business

SEPTEMBER 22, 2023

Our expectations for what we require from our leaders – with the glaring example, perhaps, of national political figures – now include empathy, vulnerability, integrity, and morality. He has a point.

Leadership 244

Leadership Examples Company Ethics 244

The Management Centre

NOVEMBER 20, 2019

We listened in on a conversation between our leadership expert, Yvette Gyles (=mc Learning Director) and Cassie Edmiston (Head of Fundraising, Prisoners’ Education Trust ), to see what they think it means to be an ethical leader in 2019. For example I’ve recently been learning more about inclusion and diversity.

Ethics 49

Ethics Leadership Emotional Intelligence Education 49

Tom Spencer

MARCH 10, 2023

For example, in the financial industry, AI can be used to detect fraud, predict stock prices, and manage risk. For example, AI-powered tools can process large amounts of data and identify patterns and trends that would be time consuming, or perhaps even impossible, for humans to detect.

Consulting 88

Consulting Ethics Healthcare Retail 88