Condensing business ethics: ‘Focus on problems you can solve’
Financial Management (FM) magazine
Release Date: 02/27/2024
Financial Management (FM) magazine
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info_outlineAuthor Alison Taylor, a clinical associate professor at New York University’s Stern School of Business, explains the reasons business ethics has become a “confused topic” and why treating ethical problems as “tick-the-box PR” can make leaders look directionless.
Taylor’s book, Higher Ground: How Business Can Do the Right Thing in a Turbulent World, opens up a discourse on new ways to approach this complex landscape and highlights the importance of prioritising fundamental values, with the impact on human beings at the centre of decision-making.
What you’ll learn from this episode:
- Why business ethics is a complex issue.
- The problems arising from conflating ethics and ideology and treating “CEOs as politicians”.
- How to cut through the noise by taking a people-centric approach.
- The reasons that leaders should avoid treating ethics and impact issues as public relations problems.
- The importance of understanding and focusing on your core values.