Ethics in the C

onsulting Industry: Reality or Illusion?

In the years following the 2008 recession, businesses are regaining their momentum, and the economy has begun flourishing again. In the wake of the very most ferocious financial earthquake of the last 80 years, society continues to feel its tremors. Is this a sign of evolvement and growth? Or can it be a warning of an even more catastrophic phenomenon on the horizon? Unemployment is down and a majority of economists are optimistic in regards to the future. Organizations are expanding globally, and leaders are striving to attach their names for their companies’successes. But is this enough? Is success and welfare the sole measures of success? Do leaders of organizations decide and only the well-being of the enterprises, or do they follow their particular narrow ambitions? The search for personal interests may be the initiator of a capitalist economy, but that will not justify actions that harm organizations, individuals they serve, or society as a whole. And so the “do no harm” business ethics debate rages on, expanding and infecting the “trusted advisers” of the consulting industry consulta cnpj.

Consultants Should Do No Harm

In management consulting, executives and consultants are primarily accountable for creating value and safeguarding the interests of the clients, however they need to also protect society by pursuing their goals in an ethical manner. Needless to say, they focus on the clients’businesses making sound profit, shareholder equity and continuous growth, however it can be their responsibility to align the interests of these clients with the general good.

They’ve an obligation to acknowledge that there are multiple stakeholders, customers, employees, society and the surroundings, not merely shareholders and management. They will act with the most integrity, and serve the higher good, having an enhanced sense of joint accountability. It is essential to appreciate that their actions have profound consequences for everyone, inside and outside the corporation, now and in the long run. Consulting companies, should focus more on ethical guidance, because they hold significant influence over many companies’strategy and plans.

Consulting companies (strategy, management, accounting, etc.) have an obligation to advise their clients on how to build their successful enterprises on a great foundations, and to help them achieve sustainable economic, social, and environmental prosperity. It’s their responsibility not to distort or hide the facts behind facts, but to explain the reality and promote transparency. They need to also demonstrate with their client’s ethical ways to accomplish their goals. But is this what’s happening today?

Double-dealing, Fraud, Corruption, Insider trading and that’s just the end of the iceberg

If we have a close look at incidents which have occurred in the recent past, we locate a rotten record of behaviors in the management consulting industry. Numerous examples exist of partners and employees of major management consulting firms being involved in illegal and unethical scandals, in efforts to retain clients and to harvest personal gains. This can be a common among individuals who put their profits before customers.

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