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Ethics and Morality

This paper presents complete and practical fresh way to manage enterprise-wide sustainability risks to go beyond compliance and legal liabilities business have to incorporate with risk management based viewpoint and culture into core business purpose of the company. Sustainable management will succeed only if managers and personnel’s recognize that improvements produce worth for them. Cultural change within the situation of overall sustainability management system must be accomplished within the business in order to provide sustainability management based advantage, seizing opportunities. The strategies and purposes regarding climate change issue should be assimilated into an overall sustainability management framework, which is an integral part of firm’s business strategy. Assimilation and the all-inclusive approach are the key notion for both a financial business and sustainability. The enterprise sustainability risk management model provides many benefits, which allows a business to ensure its sustainability, these include

v Managerial methods and processes such as tactical planning, corporate governance , human resource management, the decision making process, reputation management, crisis management, corporate resource planning and financial risk management

v Shareholder gaining

v Methodical process for tactical and operational decisions at all levels in business

v The assimilation of economic, social and environmental factors with tactical objective according to triple bottom line concept

v An thoughtful interdependence between business, society and environment

 

 

Ethics and Morality

 

What Is Morality?

For a topic as subjective as morality, people sure have strong beliefs about what's right and wrong. Yet even though morals can vary from person to person and culture to culture, many are practically universal, as they result from basic human emotions. We may think of moralizing as an intellectual exercise, but more frequently it's an attempt to make sense of our gut instincts.

When Virtue Becomes Vice

The nature of a virtue is that a vice is almost always hidden inside.

By Mary Loftus, published on September 02, 2013 - last reviewed on September 05, 2013

After being shot at close range by saloonkeeper John Schrank, a serious fan of term limits, Theodore Roosevelt continued with his scheduled campaign speech, the bullet still lodged in his chest. "It takes more than that to bring down a Bull Moose," he said, speaking for an hour before consenting to medical treatment.

Self-confidence, resilience, and fearlessness produce bold leaders who perform well on the job, whether as presidents, CEOs, or war heroes. But the very same virtues are also just a few degrees from antisocial behaviors with decidedly negative consequences. Lack awareness of your own fears and limitations and it's easy to become reckless, impulsive, and callous, ignoring other people's fears and limitations as well.



"Some traits may be like a double-edged sword," says psychologist Scott Lilienfeld, developer of the Psychopathic Personality Inventory and an Emory University professor. "Fearless dominance, for example, may contribute to skillful leadership in the face of a crisis, or to reckless criminality and violence," he reports in the Journal of Personality and Social Psychology. In his personality assessments of 42 presidents, Teddy Roosevelt ranked highest in fearless dominance.

The nature of a virtue is that a vice is almost always hidden inside.

In the newest view of personality, our traits are no longer seen as binary—you are either conscientious or you're not—but as dimensional, existing on a continuum. Not only does each characteristic fall on a spectrum, each holds the grain of its own destruction: Organized becomes obsessive. Daring escalates to risky. Modest slips to insecure. Confident turns to arrogant, cautious to anxious, persuasive to domineering, friendly to ingratiating.

The seven deadly sins might very well have started out as ambition, relaxation, awareness of one's good work, righteous anger, a healthysexuality, and enjoying a good meal. It's all a matter of degree.

In their recently published book, Fear Your Strengths, executive developers Robert Kaiser and Robert Kaplan say that in their collective 50 years of business consulting and executive coaching, they've seen virtually every virtue taken too far. "We've seen confidence to the point of hubris and humility to the point of diminishing oneself. We've seen vision drift into aimless dreaming and focus narrow down to tunnel vision. Show us a strength, and we'll show you an example where its overuse has compromised performance and probably even derailed a career."

Human nature, social norms, and the culture of the workplace generally pull us toward virtues. But virtues are not always what they seem. Not only can they conceal vices, they are not invariably virtuous. In a world where rapid change is the one constant, all received wisdom, including what is virtuous, must be regularly re-examined. Nothing is a blanket prescription in a highly dynamic universe. Change requires, above all, adaptability, the ability to stretch beyond the status quo, get beyond what you were taught or see beyond what has worked in the past.

Even when, on the surface, they seem to be one of the best things about an individual or organization, deeply held, unquestioned strengths can be destructive, says Jake Breeden, a faculty member of Duke CorporateEducation and author of Tipping Sacred Cows: Kick the Bad Work Habits that Masquerade as Virtues.

Take the Air Force colonel who, for decades, had made sure to greet each recruit personally with a handshake. After he retired, the incoming colonel replaced his greeting with a video, assigning the personal welcome down the ranks to the sergeants, although it caused him to be perceived as colder and more distant than his predecessor. When someone finally summoned the nerve to ask the new colonel about his video greeting, he replied, "I'm giving the sergeants a little bit of sunshine. I get enough as it is."

The new colonel was well aware of the implications of his decision. He didn't do it out of laziness or disregard. By raising the profile of his senior enlisted men, the new C.O. banished an unsustainable cult of personality that depends on a single, charismatic individual. "The beloved C.O. had retired completely unaware of the unintended consequence of what he perceived to be his greatest virtue," Breeden points out.

Sticking to preconceived ideas of the virtues that make a "good parent," "loyal employee," "inspiring boss," "productive workplace," or "loving spouse" may often sell ourselves or others short. What's more, commonly accepted values such as personal involvement, high standards, and meticulous preparation can all backfire. Involving yourself personally in every project and every decision can lead to micromanaging, burnout, and resentment from those under the all-too-constant supervision, whether you're a corporate VP or a hovering mom.

Demanding excellence across the board can shut down creativity and risk-taking and indicate a lack of priorities—everything doesn't have to be done perfectly; some things just need to get done. And too much preparation, especially if done in isolation and without feedback, can delay the final outcome or product without actually improving it. We are prone to "falling in love with a script we've worked hard to prepare, at the expense of being flexible," says Breeden.

This is not a call to immediately give up your best qualities and firmly held values. "It's likely the virtues you hold most closely are there for deep and personal reasons," says Breeden. "The goal is to stay true to yourself while avoiding the ways your unexamined beliefs and automatic behaviors can backfire." Even your most engaging traits can be overused, or trotted out at the wrong time, or go too far in degree.

How do you know when a virtue is wearing out its welcome? Only self-awareness can keep core values in check. Taking personal inventory can lead to a realization of which virtues are constructive and beneficial in your life, and when, and which are actually holding you back, making you miserable, or sabotaging work and relationships. And never assume that a virtue that served you well in the past will always continue to do so.

Excellence—or Paralyzing Perfectionism?

Striving for excellence has its payoffs—good marks, approval, awards, a sense of a job well done. But pursuing excellence across the board reflects rigidity and can lead to perfectionism, an inflexible devotion to high standards, and an inability to set priorities.

Psychologist Simon Sherry and colleagues at Canada's Dalhousie University decided to turn the microscope on their peers by examining levels of perfectionism, conscientiousness, and academic productivityamong psychology professors. They found that conscientiousness is associated positively with total publications, but perfectionism is associated negatively with the number of journal publications. It restricts productivity. What's more, the perfectionists' papers tended to have little impact.

"There really is a fine line between striving for excellence and striving excessively for perfection," says Gordon Flett, professor of social sciences and humanities at Toronto's York University and co-developer of the widely used Multidimensional Perfectionism Scale. Perfectionism doesn't just impact work performance. It takes a toll on health as well. Perfectionists, Flett says, exhibit high levels of chronic illnesses.


Jeff Riedel

Perhaps the most destructive part of pursuing excellence at all costs is that it can destroy creativity, risk taking, and experimentation. Innovation, argues Harvard Business School's Clay Christensen, demands occasional failure. Companies that go under, he says, are often companies that are doing everything right—they just didn't see that new, disruptive idea or technology that made them obsolete coming down the pipeline.

Excellence, meet good enough. The evolution of any organism is more a branching out to see what happens than a streamlined, linear path toward perfection.

To Breeden, the pursuit of excellence is one of those sacred cows that need to be carefully re-examined. Excellence in all matters overlooks the fact that life is often messy. And it fails to discriminate between what is important and what is not. What's more, there's a need to distinguish between process excellence and outcome excellence.

It is much more necessary to seek excellence of outcome than excellence of process. Mistakes (and their corrections) are often the best teachers, and a push for excellence in all things obscures their contribution to success, especially in a world demanding innovation.

For Harvard's Christensen, disruptive innovation isn't restricted to the business world, where flexible start-ups encroach on established firms. It has value in private life, too. In a recent speech, he issued "a call for disruption in parenting. I fear that we have parents who have raised a generation of children who don't have the courage to deal with difficult issues."

If children are never allowed to cope with failure, he says, then "when they reach adulthood and see daunting tasks, they just choose not to address them." When children are allowed to overcome obstacles, experience failure, and persevere, they develop determination. Instead of giving up after a try or two, they will search for ways to succeed with the resources available to them—finding workable if not "perfect" solutions. It's impossible to guarantee children's success or safety, but they can be allowed to discover the traits of resourcefulness and tenacity—values that trump a drive for excellence in many real-world pursuits.


Date: 2015-01-02; view: 930


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