Ethics

5 Reasons Leaders Should Study the Ethics of Information – Ryan Ayers

mickyates Best Practice, Business, Ethics, ideas, Leader, leadership Leave a Comment

Business leaders establish standards for their enterprises and society as a whole. Through understanding and example, they show others how to live and work in a high-tech, digital age. Ethical behavior is a lynchpin of leadership. In simplistic terms, this means doing the right things for the right reasons. An ethical corporate culture starts at the top and works its way down through the ranks of an organization.

Collaboratively, the American Library Association (ALA) and the International Federation of Library Associations and Institutions (IFLA) have created a standardized code of ethics. The framework is an ideal starting point for enterprises that desire to build an ethical culture. The key principle of the outline rests in fair treatment for all, responsibility to society and professional excellence.

Using this framework, leaders can find a balance between personal beliefs and professional convictions. This kind of philosophy is a refreshing take on corporate responsibility in a world that’s rocked by headlines detailing executive transgressions nearly every day. The following segments reveal 5 more reasons why leaders should study the ethics of information.

Reason 1:  Ethical Behavior Sets an Example That Others Will Follow

By respecting others and conforming to unreproachable standards in their personal and professional lives, leaders exemplify ethics in action. These leaders are and honest when difficult situations arise. They speak candidly about organizational activities that can present a challenge when it comes to taking a moral high ground. Ethical leaders are transparent and regularly meet with groups and individuals so that enterprises and community stakeholders know that their opinions are valued and respected. These practices build trust and rapport, while allowing stakeholders to voice their concerns and share responsibility for organizational outcomes.

Reason 2: An Ethical Business Model Sets the Stage for Exemplary Performance

Leaders who are effective in maintaining ethics create formal statements that outline the values and belief systems for their respective organizations. These documents can change over time and aid enterprise staff members in navigating through ethical grey areas. This kind of documentation clearly speaks to all stakeholders, starting with the top corporate leaders and on down to front line staff members. Competent leaders ensure that all internal stakeholders are aware of this framework and know that they’ll be held accountable for complying with its doctrines. This must hold true for all, especially the most visible and powerful figures in the organization.

Reason 3: An Ethical Business Model Promotes Continuous Excellence

Adept leaders view ethics as an ongoing learning process for themselves and staff members. It’s a learned practice that affects all organizational activities. In an ever-evolving world, the definition of what’s ethical for a given situation changes, requiring stakeholders to evolve in tandem. Effective leaders champion ethics in their organizations and take preemptive steps to halt misconduct. With words and actions, ethical leaders express what virtue looks like and reward staff members that consistently conform and exceed moral standards.

Reason 4: Ethics Encourages Social Responsibility

Social responsibility is an integral part of ethical corporate behavior. There’s no shortage of accounts revealing how corporations and agencies have mishandled situations in a less than desirable fashion. Even a few of America’s most beloved institutions have faced boycotts, fines, public outcry, scorn and ridicule. When this occurs, many detractors may mention ethics in passing, but few give attention to the concept as the only viable solution for establishing a sustainable moral compass. With 1% of the population now owning approximately 40% of all wealth, its essential for leaders – especially those at top corporations – to take a stand for the global population. We are slowly seeing examples of this with the giving Pledge where many top billionaires donating their money to help the global community, but we need to see more leaders stand-up and help.

Reason 5: An Ethical Business Culture Establishes Expectations

Without proper corporate guidance, internal stakeholders do not know what’s expected of them. By outlining and sharing ethical values, leaders build rapport and trust in their organizations. Conversely, leaders who outline ethical concepts and then go against the practices that they promote may cause irreparable damage. Appropriate professional conduct is the only effective way that leaders can establish organizational principals among stakeholders who look for guidance every day. By conducting themselves properly, leaders build trust, establish their competence and make their intentions clear.

Effective leaders understand that ethical behavior is a powerful tool for influencing and guiding organizational stakeholders. By acting ethically, these professionals build trust, establish their authority and forge a path for achieving organizational objectives. With their daily actions, the best leaders in the world communicate the pivotal values of their organizations and empower stakeholders with the frame of mind for making ethically responsible decisions.

References:

Business News Daily

Entrepreneur

Norwich University

Rutgers University

University of Nevada, Reno

These Tech Trends will dominate Business in 2019 – Diana Smith

mickyates Big Data, Business, Customer, ideas, Leader, leadership, Technology Leave a Comment

Modern businesses are very much dependent on the technology trends because they can help cut costs on infrastructure and sometimes even on labor. This is going to continue to be the case this year and small companies in particular need to be on the lookout for trend developments that can be used to stay competitive against large corporations.

Have in mind that this doesn’t mean a company that can afford the latest gadgets always stays lucrative. In fact, there’s nothing that can replace having a good product and a devoted customer service.

Remote work

The advances in communication tech allow everyone to work from home. The companies can track the work of their employees all over the world and have all the infrastructure of a traditional office without the expenses of it. There are also savings in the outsourcing process itself.

Have in mind that running virtual offices still requires managers and assistants. They need to have all the same skills that the traditional managers have in order to manage the personal relations that will still come into play even when the employees are miles apart.

Customer data

The most important asset a business can have is the data its customers leave online. With the right information, you can target the customers with more precision and fewer expenses. Gathering and accessing the data will be the infrastructure of any marketing campaign that can actually reach the consumer.

The main concern regarding the information you collect from the users will be how upfront you need to be about the fact that you’re gathering it in the first place. You need to establish the trust between you and the customers if you want the data to be useful. And consider the implications of the EU GDPR.

Security concerns

Many like to discuss security concerns as they relate to online security and the safety of the data companies compile. However, securing the actual physical office is still as imperative as it ever was. For a small business, the most important thing to worry about is who can get access to the office and the parts of it in which you keep important information or money.

Experts such as the ones from JD Security provide access control software that allows you to monitor and control who has access to your business remotely. This helps save money on physical security and buys you peace of mind.

Going mobile

Almost everyone has more than one mobile device and they are used for anything the traditional computers used to be used for. This provides a variety of new opportunities for the companies looking for new ways to advertise.

Retail companies especially can take advantage of using mobile devices to target the customers based on where they are. Letting people know about your offers when they are near the store is probably the most effective way of advertising with a goal of getting new customers through the door.

Wearable devices

Wearable devices have been around for years, but they haven’t really found their way to commercial use beyond fitness. However, sophisticated wearable devices can help a lot when your employees are monitored remotely and you still want to prevent shrinkage and have a tighter managerial control.

Having each employee wear a device around their wrist also helps a lot with the safety issues. This is a great concern with construction businesses that need to spend a lot on insurance. These devices will let you stay on top of your employees’ activity while they are performing a risky task and help you stay on top of emergency situations.

These tech trends will affect companies of all shapes and sizes. For smaller businesses they may mean a chance to compete against those with more resources.