INSTANT MBA: Companies Need A Single Moral Standard Across All Management Levels
BI
"Corporate executives and business owners need to realize that there can be no compromise when it comes to
Wadhwa says having a uniform moral standard that employees across all management levels adhere to is key. The best strategy will encourage employees to come clean and learn from their mistakes. The worst strategy won't allow for errors, thereby pressuring employees to hide information and cover up a problem. This will only create a corrosive corporate culture. Ultimately, everyone — entry-level employee and executive — needs to be held accountable.
"The best organizations build ethics into their management and compensation systems. They reinforce corporate values by making them an integral part of how success is measured and rewarded. Remember that doing the right thing doesn't automatically bring success. But compromising ethics almost always leads to failure."
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