ETHICS: YES, WE REALLY NEED IT

ETHICS ISSUES: THE NEED for ETHICS

Ethics is about what’s right, good and true, and being ethical is all about ‘doing the right thing.’  Sounds simple enough—define ‘right’ properly and you’re well on your way.  Well, what is ‘right’?  What’s right for some may not be right for others. What’s right in one situation may not be right in another.  What’s right at one particular time may not be right at another.

The same goes for good. Being ethical is also about doing good.  Well, what is ‘good’?  What’s good for one may not be good for another, etcetera, etcetera.

But there’s hope.  What’s ethical must perforce be true, and here we have an anchor, for truth is not relative.    Truth is an—theoverarching principle, the first of first principles in fact, and as such is

ETHICS ISSUES: RISK MANAGEMENT

ETHICS and RISK MANAGEMENT:  Truth, Trust and Honesty

Risk management is like walking a tightrope.  You can play it safe by walking the low rope.  Or you can walk the high rope with more risk of damage but a chance at bigger gains.  Nobody ever said that walking a tightrope, or making decisions, was easy.

Risk is real, and taking risk is a fact of life.  But taking foolish risks is, in a word, senseless.

An awful lot of risk is being sold by an awful lot of ethicists(?) these days.  Some of them, at very prestigious institutes of higher learning, are teaching their students that it’s OK to lie.  And/or cheat.  Don’t believe it?  Check out www.extremeethics.org/business-ethics.  An example from an issue of the Harvard Business Review:  “There is no compelling economic reason to tell the truth