Why Good Managers Make Bad Ethical Choices
Business Codes of Ethics: Much Ado About Nothing, or the Real Deal
“Morgan Stanley: Code of Ethics and Business Conduct,” and “Starbucks Code of Behavior” discuss the approaches and provisions these two companies have utilized in their attempts to establish credible ethical environments, and the “Strategic Leadership of Ethical Behavior in Business” article takes the position that ethical behavior involves a business strategy, and must be elevated to the upper echelons of business strategic planning. There seems to be a divergence of opinion on the value or lack thereof of a business code of ethics. Some have argued that business codes of ethics have little value or utility and are merely for public show and consumption. According to these proponents, corporations merely pay lip service to their codes of ethics. On the other hand, it has been argued that business codes of ethics are an essential and vital part of the ethical fabric of corporations.
Using the aforementioned articles as a starting point, what is your perspective on the value or lack thereof of a business code of ethics? Do you think such a code is merely for public show and consumption? Do you think a corporation simply pays lip service to its code of ethics? Why do you feel this way?
References (May use outside sources as well): Press CTRL + CLICK
Morgan Stanley: Code of Ethics and Business Conduct
Starbucks Code of Behavior
Strategic Leadership of Ethical Behavior in Business
Barclays boss tells staff ‘sign up to ethics or leave’
Business Ethics: A Manual for Managing Responsible Business Enterprise In Emerging Market Economies
Making the Case for Business Ethics
OUTSIDE THE BUSINESS:
Dispatches From the Frozen North (Standard Setting in the Way to do Business)
Why Good Managers Make Bad Ethical Choices (Setting corporate responsibility)