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Why Ethics Matter: A Business with let out value Is a Business at Risk May 4, 2011 by Dawn-Marie Driscoll and W. Michael Hoffman talk of the t witness about values has become an industry. Best-selling books promote earthborn virtues for living and spiritual values for reflecting. Conventional wisdom and vista leaders â€" such as the Dalai Lama and the late sweet basil Cardinal Hume â€" believe that the decade of greed is evolving into an era in which many people are seeking the meaning of life. Thats all fine. But the last time we looked, the blood line earth was still engaged in delivering goods and services and making a profit. Does that mean that business ethics are an oxymoron? No. determine have a pragmatic place in the business world precisely because of societys shifting sands. invoke any of the currents that are buffeting organizations today and youll find a rationale for values-driven management. Here are a few. Reasons To Have Values-Driven Management diverseness: Individuals of different ages, religions, and gender clearly have distinct and mayhap contrasting ideas about appropriate ways to behave in an organization, depending upon their perspectives and life experiences. Their interpretations of the same set of facts, as well as their response to them, may differ widely.

Globalization: Individuals raised in diverse cultures may have different reactions to various questions or issues. Instead of describing some actions as ethical and another(prenominal)s unethical, some pick to say they are dealing with cultural sensitivities. But that doesnt help companies or their employees understand what is expected of them. Cost pressures: a good deal eliminated in rounds of cost-cutting are the compliance police and structural backups intentional to prevent misdeeds. Individuals are increasingly left on their own to make decisions. Virtual work: With so many employees out in the field, working from home or at other diverse locations, a common organizational standard of bearing is difficult to assimilate... If you want to get a full essay, show it on our website: Orderessay

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