Message to managers and executives across all organizations: “You live and work on planet Earth and manage real people, start acting that way!”
Business Ethics
Business Ethics
Pursue Your Freedom and Happiness – My New Book is Published!
My new book has been published. It pays tribute to freedom, truth, and the dignity of the human soul. It’s my way of thanking America for saving me and my family, and giving me the opportunity to thrive. I wrote it to help others seek genuine freedom and find joy. Available on Amazon now: Pursue Your Freedom and Happiness.
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Courage is the Virtue that Makes All Other Virtues Possible
by Chris Banescu –
Courage is the virtue that makes all other virtues possible. Courage helps us develop and sharpen our character. Courage is what enables us to practice all the other virtues, especially when doing so exacts a significant cost in our personal life, professional career, or business.
It’s not enough to know and believe in the virtues. We must act on them. Belief in, intellectual affirmation of, or knowledge of the virtues alone is not enough to develop our character. We must practice them! And this is where courage comes in and helps us to take appropriate action.
All courageous speech and conduct must be grounded in reality, ethics, and integrity. Our words and actions must support and defend truth, goodness, justice, and righteousness. This is important, because unethical, corrupt, or wicked individuals can also use courage to support evil purposes and unrighteous goals.
Wisdom needs to accompany courage. [Read more…]
Employees Are An Organization’s Most Valuable Resource
by Chris Banescu –
Employees are an organization’s most valuable resource. They must be managed fairly and equitably. They must be appreciated and respected. Leaders must strive to build relationships based on integrity, trust, and mutual understanding with the individuals they lead. Management must always remember that employees, especially engaged, loyal, smart, productive, and responsible ones are to be managed with care and concern.
Employees who are treated well, know their jobs are secure and management has their backs, are paid fairly and equitably, and are trusted and respected by their leaders and organizations, will be much more productive and loyal. They will literally give it their all and always strive to go “above-and-beyond,” safe in the knowledge that the company they work for genuinely cares about them and has a vested interest in their success and well-being. [Read more…]
Rewards and Recognition Required to Motivate and Retain Employees
by Chris Banescu –
Companies and organizations must reward and recognize their employees in order to succeed and insure that they continue to be engaged, motivated, happy, and productive.
It is not just rewards or just recognition. It is not an either/or proposition. It’s also not rewards versus recognition. One does not have priority over the other.
It is rewards AND recognition. Why? Because it’s ethical, fair, and right, and it works!
Both are required in order to justly compensate, effectively lead, capitalistically reward, and ethically motivate and recognize your employees. Anything less will never be sufficient to attract and retain the talent necessary to insure the long-term success, profitability, and prosperity of any enterprise. [Read more…]
Business Schools Add Courses On Ethics, But Are Graduates More Ethical?
by Ben Schiller –
Post-financial meltdown, business schools are trying to make their graduates more responsible. But does taking one class on ethics work, or does a new ethical model need to permeate the curriculum?
Many industry watchers saw business schools as contributing factors in the financial crisis, arguing that, by failing to challenge orthodoxies, and overlooking “socially useless” activities, they helped create conditions for collapse. That nearly every relevant banker, regulator, and politician was an MBA graduate helped make the case.
But what about now? Have b-schools changed?
Yes, and no, according to a survey of how schools are teaching social, environmental, and ethical topics.[Read more…]
Codes Are Not Enough, Why We Need Ethics
by Chuck Colson –
At the recently concluded meeting of the American Economic Association, the most contentious issue had nothing to do with economics, per se. It wasn’t about “the economics of the organic food system,” or “the costs and benefits of pollution control,” as two of the seminars were labeled.
No, the behavior drawing the most attention, both inside and outside the profession, was ethics — or more to the point, the lack of ethics — of economists themselves.
According to a recent article in Slate magazine, the call of for a “code of ethical standards” comes in the wake of series of “blows to the prestige of the profession.” These include “housing crisis, the credit crunch, the financial crisis, the recession, the collapse of several European economies, and the overhaul of U.S. banking regulation.” [Read more…]