What are the ethical standards in the workplace environment?

How ethical principles influence work as a people professional?

The Informed Minority: Navigating the Maze of Manipulation in Life and Business

In the intricate tapestry of human existence, a silent battle often unfolds – the clash between an uninformed majority and an informed minority. This statement, while provocative, invites scrutiny to understand the interplay between knowledge, power, and ethical responsibility. In this context, “ethical values” become the moral compass guiding our personal and professional conduct, serving as a shield against manipulation by the informed few. By examining the origins of ethical values, their influence on work as people professionals, and their role in corporate responsibility, we can empower ourselves to navigate the complex ethical landscape of life and business.

Where Do Ethical Values Come From?

Before delving into the ethical battlefield, understanding the genesis of these values is crucial. Our ethical framework is woven from multiple strands:

  • Cultural Fabric: Cultural norms and traditions deeply influence our sense of right and wrong. The values ingrained in our communities and families shape our perceptions of fairness, honesty, and responsibility.
  • Religious Teachings: Religion offers moral directives that guide our behavior and decision-making. Whether we adhere to specific doctrines or embrace broader spiritual principles, the teachings of various faiths contribute to our ethical compass.
  • Philosophical Schools: Philosophers across time have grappled with questions of morality, offering frameworks for ethical conduct. From consequentialism to deontology, these diverse perspectives continue to inform our understanding of right and wrong.
  • Personal Experiences: Personal experiences, especially encounters with injustice, can significantly shape our ethical principles. Witnessing or experiencing harm can instill a strong desire to act with integrity and uphold justice.

These interwoven threads create a unique ethical tapestry for each individual, constantly evolving through introspection, learning, and engagement with the world around us.

Ethical Principles in Action: The People Professional’s Moral Compass

For people professionals, navigating the workplace arena presents specific ethical challenges. From recruitment and employee relations to performance management and conflict resolution, our actions require an unwavering commitment to ethical principles. These principles translate into tangible everyday practices:

  • Fairness and Equity: Ensuring just treatment of all employees, regardless of background, identity, or position, is paramount. This includes eliminating bias in recruitment, upholding equal pay practices, and providing opportunities for development without discrimination.
  • Honesty and Transparency: Open communication and truthful dealings are essential in building trust and fostering a positive work environment. This includes transparent communication about company policies, employee conduct expectations, and decision-making processes.
  • Respect and Dignity: Every individual deserves to be treated with respect and dignity. This means valuing diverse perspectives, creating a harassment-free environment, and ensuring that employees feel safe and appreciated in the workplace.
  • Confidentiality and Privacy: Protecting employee data and personal information is crucial. This includes respecting confidentiality in sensitive matters, obtaining consent for data collection, and ensuring secure storage and use of personal information.

By grounding our professional conduct in these core principles, we create a workplace environment where individuals feel valued, respected, and empowered to thrive.

Do Ethical Values Provide the Moral Compass?

While ethical values serve as a vital guide, adhering to them is not always straightforward. Complex situations arise where competing values clash, creating ethical dilemmas. In such scenarios, critical thinking and a commitment to doing the right thing are necessary. Consulting our internal moral compass, considering the potential consequences of our actions, and seeking guidance from ethical frameworks can help us navigate these challenges.

Furthermore, ethical leadership plays a crucial role in setting the tone for organisational conduct. Leaders who actively champion ethical values, foster open communication about ethical concerns, and hold themselves and others accountable for ethical lapses create a work environment where ethical decision-making thrives.

Corporate Responsibility: Protecting Human Rights in the Workplace

The ethical sphere extends beyond individual actions and encompasses the responsibility of corporations towards their employees, stakeholders, and the wider community. This responsibility manifests in upholding and protecting human rights within the workplace environment. This includes:

  • Freedom from Discrimination: Ensuring a workplace free from discrimination based on protected characteristics like race, gender, religion, disability, or sexual orientation. This involves implementing anti-discrimination policies, providing sensitivity training, and addressing discriminatory practices swiftly and effectively.
  • Safe and Healthy Working Conditions: Protecting employees from physical and mental harm by providing safe working conditions, adequate training, and access to support mechanisms. This includes addressing issues like bullying, harassment, and stress in the workplace.
  • Fair Compensation and Working Hours: Upholding fair compensation practices that respect employees’ contributions and providing reasonable working hours that ensure work-life balance. This includes ensuring compliance with wage regulations, avoiding wage exploitation, and offering flexible work arrangements where feasible.
  • Freedom of Association and Collective Bargaining: Protecting employees’ right to form or join unions and bargain collectively for better working conditions. This promotes worker empowerment and ensures their voices are heard within the organisation.

By committing to these core principles of human rights protection, corporations demonstrate their commitment to ethical conduct and fulfill their responsibility towards a just and equitable society. However, upholding ethical standards in the workplace environment presents ongoing challenges. Globalisation has expanded the ethical landscape, requiring corporations to consider the ethical implications of their operations across diverse cultural contexts. Issues of forced labor, environmental degradation, and unfair working conditions in supply chains necessitate diligent due diligence and proactive measures to ensure ethical sourcing and production practices.

Technology, too, presents novel ethical dilemmas. The use of artificial intelligence in recruitment and performance evaluation raises concerns about bias and fairness. Automation and job displacement require careful consideration of worker retraining and redeployment to mitigate negative impacts. The ethical implications of data privacy and security in the digital age demand robust data protection strategies and responsible data governance practices.

Addressing these challenges necessitates a multi-pronged approach. Firstly, continuous education and training are crucial for both individuals and organisations to stay abreast of evolving ethical issues and best practices. Workshops, seminars, and access to readily available ethical resources can equip individuals with the tools to make informed decisions in complex situations. Additionally, incorporating ethical considerations into organisational policies, procedures, and performance evaluation metrics can incentivise ethical behaviour and hold individuals accountable for upholding ethical standards.

Furthermore, fostering a culture of open communication and ethical reporting within organisations is essential. This encourages employees to voice concerns about potentially unethical practices without fear of retribution. Whistleblower protection mechanisms and accessible reporting channels create a safe and supportive environment for individuals to raise ethical concerns and ensure they are addressed promptly and effectively.

Ultimately, navigating the ethical maze of life and business requires a collective effort. Individuals must strive to understand the origins and application of ethical principles in their personal and professional lives. Organisations must commit to upholding ethical standards within their operations and across their supply chains. Governments and regulatory bodies must enact and enforce laws that promote responsible business practices and address emerging ethical challenges. By working together, we can create a world where ethical values not only guide individual decisions but also serve as the foundation for a just, equitable, and sustainable future.

The uniformed majority will always lose against an informed minority. So your job is to become informed about your life and business. Protect yourself and your business from the risks of manipulation by the minority.

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News opinions analysis reviews and activism with local and global people. Sixth generation movement to power 4th industrial revolution faster cheaper better. Connecting the world to achieve more with less.

6G Today Tomorrow and Everyday Thereafter

How do we improve on yesterday so that today and tomorrow is better and more cost effective. What is it that we have that is good?

  • What could be better?
  • Why is it not working now?
  • How are we going to change things?
  • When will we achieve enough is good enough?
  • Where do we need to act?
  • Who can help us move forward?

Striving for perfection is not our goal. Do not let perfection be the enemy of the good enough. Focus on making realistic changes for the better happen. Dreaming of a better world tomorrow does not make the real world good enough today.

Practical action to progressively improve the world we live in

Most people in 3rd world countries are not interested in woke words. They simply want to live better tomorrow than they did today. Most peoples 1st world problems could be alleviated with a holistic approach to good business management and lifestyle choices.

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Aspiration to live better wherever you live in the world can be fulfilled by solving all our problems together at once not by a piecemeal approach. Good words do not put food on the table or a roof over your head. Sodding your neighbour does not protect you from destroying everything you have built around you.

People can work together for common good

We do not need to be in the same country culture or place to work as a team to achieve what we want for ourselves. Getting what you want can help others to get what they want out of the investment of time.

Putting up trade barriers does not work for the builder of walls. Forcing people to be in your gang does not make progression towards goals fast enough. Seeing the mutual benefit at the end for all people on the bus does.

Our holistic approach to making decisions for the common good will be successful for all who lend support

If you put your shoulder to the wheel you can reap the rewards from the effort.

We are not looking for constant companions but do seek constant progress. Moving it forward a little everyday is better than big leaps now and again. We do not need to be beside you for every step but would like to be with you at the end of the journey. We can achieve more together than on our own.

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Financial success always beats other stakeholder interests?

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Do you want financial success in terms on capital value increase and dividend increases? Are you prepared to sacrifice the interests of other stakeholders to achieve this? Is long term business sustainability less important than short term financial success?

You can be very financially successful and still fail. When financial success is pursued at the expense of other stakeholders interest you have a recipe for catastrophic failure eventually.

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Shareholders and customers are stakeholders in the business performance not just senior management team. Pushing for bonuses at the expense of other stakeholders interests has always resulted in catastrophic losses.

Pick a more balanced risk management strategy for the benefit of all stakeholders

The financial crisis in 2008 is the most recent near systemic collapse due to poor senior management team business decisions. The senior management teams were very good at creating extra value for themselves which will have long term benefits but their customers and shareholders in the financial crisis of 2008 have lost big time and many have yet to recover lost business value.

The sad fact is that shareholders or rather their representatives pension and investment fund managers have accepted and fuelled the poor decision making of senior management teams by being part of the problem. They have misrepresented big business owners long terms interests by allow senior management teams to get away with bad business decision making that only interests the senior management teams not shareholders or customers.

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Senior management teams are not taking enterprise risk management methodology onboard. Too often they pay lip service to the principles and practices of enterprise risk management.

  • Poor risk management cultures continue to dominate
  • Poor compliance standards are being accepted and even encouraged
  • Systemically poor risk management practices flourish on basis of a level playing field. They are doing it to make money so so should we

Enterprise risk management practices and processes need to be improved to prevent future catastrophic systemic collapses in business.

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Guide to better business protection with BusinessRiskTV

Governments and self regulating bodies need to drive business improvements with carrots and sticks. Personal accountability at board level is necessary before good enterprise risk management practices will be embedded. If business leaders cannot see the wood from the trees than they need to be forced to open their eyes.

Short term greed is prevalent within our corporate structures. If our oversight by governments and professional bodies do not pull their their fingers out then economic and social catastrophes lie ahead in the next decade.

There is more to business than short term profit maximisation. However too many business leaders do not hold to this view. Their greed will take us closer to the cliff edge if they are not forcefully stopped.

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Do our business leaders and politicians really understand corporate risks and how this will impact on society?

Do they care? Too often the answer must be no. So they must be made to care by other people in our capitalist society. Capitalism is the best system on which to base our future but it should not be left to greedy people to rape the good that comes from capitalism.

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Profit maximising corporations are not the flagships of capitalism. There is more to business life than profit. Reconciling business priorities is not easy. It is made easier with enterprise risk management principles and practices. Develop a more successful stakeholder management strategy for your business with BusinessRiskTV.

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A blind horse always frightens itself

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Failure Of Governance

Poor corporate governance endangers the existence and success of businesses

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Looking at the costs of failure of governance. Good governance can be expensive but not compare to the cost of governance failure.

The risk of enterprise failure increases with inadequate governance risk and compliance processes

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Managing Business Rules

There are several techniques that can be useful for managing business rules in an organisation. Here are some recommendations:

Documenting business rules: One of the most important techniques for managing business rules is to document them in a clear and concise manner. This can include using a variety of formats such as decision tables, flowcharts, and natural language descriptions.

Centralising business rules: To avoid inconsistencies and duplication of effort, it is advisable to centralise the management of business rules. This can be done using a dedicated software tool or a repository that stores the rules and makes them accessible to relevant stakeholders.

Version control: It is crucial to keep track of changes to business rules over time, especially when multiple stakeholders are involved. Version control techniques such as branching and merging can help in managing changes to business rules.

Testing and validation: Business rules should be tested and validated thoroughly to ensure their accuracy and effectiveness. This can be done using a variety of techniques such as unit testing, integration testing, and user acceptance testing.

Auditing and monitoring: Regular auditing and monitoring of business rules can help to identify any potential issues or areas for improvement. This can be done using automated tools or through manual reviews.

Governance and ownership: Establishing clear governance and ownership of business rules is essential to ensure that they are being managed effectively. This can include assigning ownership to specific individuals or teams and establishing processes for reviewing and approving changes to business rules.

By following these techniques, organisations can effectively manage their business rules and ensure that they are aligned with their business objectives and regulatory requirements.

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Running a business can be very satisfying but it can also be dangerous for the health of your finances! Potential risks will present ways to threaten business survival or reduce profitability. Other risks may present opportunities to grow faster. Both types of risk need to be managed to maximise your success both personally and corporately.

The business environment sets the scene for successful businesses it does not dictate your success or failure

Anyone can cross their fingers and hope for success but clever business leaders don’t leave their success to luck!

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Not everything is going to go well no matter how hard you plan things. Life often gets in the way of the best business plans! In the real world you have to take calculated risks to achieve more than the next business leader who is risk averse.

How do you get the enterprise risk balance right though?

There are many ways to get the right enterprise risk management ERM balance right. First of all you need to know where you are now and how much of an appetite for risk your key decision makers have.

Once risk appetite and risk tolerance are clear then the culture of risk management can be tailored to strike the right risk management balance for your organisation.

How to identify manage and control the effect of risk on your business objectives

Some risk has to be accepted. How much? What is not acceptable has to be managed. How will risk is managed will dictate how sustainable your business will be in future as well as how successful it will be.

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