Standards. We live in a world of standards. We apply standards to everything: accounting, the environment, quality, behavior, health, safety, employment, trade, professionalism, food, transportation, technology, and the list goes on and on. We have standards we have to meet at work, standards we have to meet at home, and standards we set for ourselves and those we apply to others. Everything has a standard because everyone has a standard they apply to everything.
You know what I think about business ethics? It’s the topic of today’s episode and is in three parts. In relation to business ethics, the term ‘ordinary decency’ refers to the moral standing of an organization where honesty and fairness, a refraining from coercion and physical violence, and a respect for the law are its guiding principles. The cornerstone of this principle is honesty and honesty is built on truth.
You know what I think about Leadership and Management? You lead people and you manage things. This is the accepted axiom and implies that leadership and management go hand-in-hand. Management is a function and deals with supervision and exercising control, while leadership is about relationships, influence, and inspiration. In order to successfully develop and implement a corporate strategy, a leader must first be an effective manager.
You know what I think about legacy computer systems? Legacy systems are always on the chopping block because there is a seemingly never-ending cascade of new technology designed to make business more profitable and our lives easier. Moore’s Law would suggest that IT used to build systems today is superior to yesterday’s technology. However, new is not always better. Certainly, today’s IT is smaller and faster, but that doesn’t necessarily make it superior to the technology used in legacy systems. In fact, implementing new IT systems carry inherent risks that may outweigh the drawbacks of modifying or converting existing systems.
You know what I think about business and social justice? In this podcast I discuss a business’ role in society and where it’s responsibilities lie. What obligation does a business have to contribute to the common good? Listen in for the next few minutes and I’ll tell you what I think.
You know what I think about government intervention in business activities? Too often the government interferes in conflicts involving property rights, when if left alone to their own devices, the parties themselves would negotiate a better solution.