Listen to this four minute clip on the difference between an ethical and unethical business, and most importantly what I think the biggest differentiator is. Spoiler: it is having people unafraid to have values[based conversations, which are scary, and emotionally challenging but essential if ethical norms are to be followed.
Creating an ethical culture in your business You cannot create a good enough ethical mousetrap – humans are vastly creative (even at fraud). The mishaps at LIBOR, VW, 2008 financial crisis, Deepwater Horizon, Wells Fargo all happened at businesses which had multiple layers of controls. So what can you do? Create an ethical culture – […]
Is ethical business, good business? When you talk about a person being good, you mean more than they follow the law. Yet some people think following the law is all that is required of business – notably Milton Friedman who won a Nobel Prize. It is clearly a nonsense idea – Friedman was a good […]