By Stephen K. Henn
There's a ''new normal'' in enterprise ethics
Despite the entire phrases and laws geared toward construction moral and accountable organisations, saw misbehavior has increased-think of the Siemens scandal and Bernie Madoff. Business Ethics: A Case learn Approach confronts the brutal truth approximately company ethics because it exists today-it's no longer working.
This stirring casebook powerfully attracts an instantaneous line among ethics and company performance-that is, the sounder your company's moral starting place, the improved it is going to practice in model popularity, revenues, patron pride and loyalty, worker productiveness, or even in diminished regulatory burdens.
So, how are you going to strengthen management that units the appropriate tone on the top?
Author and ethics specialist Stephen Henn solutions that query with candidly insightful case stories that examine each attitude of moral lapses, including:
- A CFO's Dilemma
- The Duke collage Lacrosse Scandal
- Arthur Andersen
- The Stanford felony Experiment
- The Smithsonian Institution
- Firestone/Ford Tire Recalls
- Jordan's Furniture
- Whirlpool and management Development
- Ponzi Schemes
- And many more
Examining the outdated mind-sets and dogmas on enterprise ethics and retaining them as much as the sunshine of day, Business Ethics: A Case research Approach finds how the moral overall healthiness of your company will forecast even if it outperforms the contest. this is often your twenty-first-century rule booklet for knowing the ''new normal'' in company ethics
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Additional info for Business Ethics: A Case Study Approach
Additionally, research conducted by the Institute of Business Ethics has shown that companies with a clear commitment to ethical conduct outperform those that do not. This study, conducted in the United Kingdom, explored indicative measures of ethical commitment and corporate responsibility and then compared them against financial performance measures over a period of four years. In this way, the research investigated whether it can be shown that a commitment to business ethics does pay. Seven indicators were chosen—four of corporate financial performance—market value added (MVA), economic value added (EVA), price earnings ratio (P/E ratio), and return on capital employed (ROCE)—and three of corporate responsibility—having a code of ethics, ratings for managing social and ethical risks, and being cited consistently in the annual list of Britain’s Most Admired Companies.
Like the laws passed down in Exodus, the Code of Ur-Nammu deals with many offenses ‘‘common’’ to the time and proscribed punishment ranging from monetary payment to death. Similarly, the Code of Hammurabi of ancient Babylon, developed around 1760 BCE, expanded the scope of the rules encompassing nearly 300 acts or situations. It is interesting to note that the ancient codes are not simply laws, though most of them follow the ‘‘if you commit this crime, you will receive this punishment’’ pattern.
Such behavior varies between couples and even varies between relationships one individual may have. From the establishment of boundaries, there develops a sense of what is acceptable behavior or what constitutes standards of behavior. The Ancient World The deep history of ethics is rooted in the first laws. As any parent knows, molding the behavior of a child often means behavior corrections. As much as the child psychology books tell you that you should mold behavior with positive reinforcement, the stress and strain of the moment makes it simple to define the boundaries and then to take the time to show how to act appropriately.