This room became the staging grounds for early hackers, as MIT students from the Tech Model Railroad Club sneaked inside the EAM room after hours to attempt programming the ton, 9-foot-tall 2.
IV Number 4 We need a Nobel Prize in business, awarded to organizations that demonstrate how business effectiveness meaning survival, market share, profits, and stock value results directly from ethical behavior.
A society that is not built on ethics — on fairness, freedom, and mature hearts and minds — cannot survive for long. This year will certainly be worse in terms of big companies going bust. Taking a look at what went wrong and why these companies failed reveals moral and ethical shortcomings.
But to truly understand, one must look deeper, into the very hearts and souls of the leaders who guide corporate responsibility. One must look at the moral and ethical stance of an organization and the role of leadership in creating a culture of values.
September 11th was a tragedy that brought harsh consequences for many businesses. One can blame terrorism. But the recent rash of bankruptcies is more frightening in that we brought this on ourselves. There is no doubt there some were in a position to know when to jump ship before the rest of us.
But how do large organizations get to that point overnight? What creates the organizational culture that allows a house of cards to be built in the first place?
What drives good leaders to make unethical choices? Where are the ethically responsible leaders? To assume that all of the leaders in Enron were evil, greedy and selfish is too simplistic. There is more to the story, and we must understand how such ethical violations and consequent collapses occur.
How can it happen? In the space shuttle Challenger exploded causing the death of seven astronauts. A subsequent investigation of the culture at NASA revealed important lessons. There was not one single error that occurred, and neither did the managers intentionally commit wrongdoing. Yet it could have been prevented.
The errors were years in the making. NASA engineers noticed damage to crucial O-rings yet they repeatedly convinced themselves the damage was acceptable. The culture at NASA was extremely success-oriented.
They had hired the best of the best, and had highly complex and sophisticated performance goals. The pressure to succeed gradually mounted until minor violations of standards became the standard.Organizational ethics is the ethics of an organization, and it is how an organization responds to an internal or external stimulus.
Organizational ethics is interdependent with the organizational culture. Five Standards of Excellence for Ethical Leaders For quite some time, picking up The Wall Street Journal meant reading stories rife with indictments of CFOs, CEOs and accountants.
Though many leaders practice good principles, clearly it is time to inspect closely what it means to lead with ethics. By supporting ethically sound behavior, managers can strengthen the relationships and reputations their companies depend on.
Maintaining Ethical Standards.
Organizations use compliance and ethics programs to clarify and communicate their ethical standards to employees and help develop their ethical decision -making skills. A compliance and ethics program can identify the boundaries of legal and ethical behavior and establish a system to alert management .
Standards of ethical conduct Adopted by the Regents of the University of California, May Purpose; Applicability. Fair dealing; Individual responsibility and accountability. Creating standards for ethical behavior often begins with a code of ethics.
Companies develop a code of ethics to guide their actions and to establish a common definition of right versus wrong. A code of ethics is a guide for acceptable behavior.