March 15, 2005
Effective or Virtuous: Pick One
Just when the drum-beat of KenLayBernieEbbersDennisKozlowskiMarthaStewart began to seem as unstoppable as, well, a tsunami, the always-refreshing Michael Schrage tees off at "the pea-brained 'ethics-ification' of business decision-making:"
"Be honest. Would you look your employees in the eye and tell them something that wasn't quite true if it would dramatically increase the chance that your key IT implementation would be finished on time and on budget? I would.
"How about deliberately withholding important information from your boss because you know that its disclosure would provoke his immediate counterproductive intervention in an important project? I would."
From Schrage's perspective, too often people with hidden agendas, ulterior motives, or who just plain take issue with a decision try to turn a legitimate difference of opinion into an illegitimate ethical conflict.
But weren't Arthur Andersen, Enron, and WorldCom prime examples of ethical lapses on an operatic scale? No—they were cases of fraud, misrepresentation, and criminality.
Beyond Schrage's colorful rhetoric ["CEOs are supposed to be Chief Ethics Officers; CIOs should be Chief Integrity Officers. How noble. How politically correct. How silly."] is a real point: Business decisions involve tradeoffs, and simply declaring one should do what's "right" typically resolves precisely nothing since "right" is in the eye of the beholder.
So weigh the tradeoffs astutely and clearly, make a decision, articulate the rationale to those concerned, and move on. How refreshing.
Posted by Bruce at March 15, 2005 12:18 PMPosted to Cultural Considerations | IT | Leadership | Strategy Printer-friendly version
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)
"Adam Smith, Esq. is, and will remain, the definitive
voice on law firm strategy."
—David
Jabbari, Global Head of Know-How, Allen & Overy
"I just don't know what the profession would do without you."
—Chairman, AmLaw 25 firm
“Constantly stunning.’—Managing Partner
"I read three things: The Wall Street Journal, The Economist,
and Adam Smith, Esq.—and I tell my partners to do the same."
—Managing Partner, AmLaw 50 firm
“You have a fascinating niche which you cover ever so much better than
does the conventional legal press.”
—Walter Olson of Overlawyered
“Required reading: Amazing.”—Venture Capitalist
"You're the brand name in law firm economics. There is no one out
there—repeat, no one—who covers this business better, or thinks about
it more creatively, than you. I tell people this guy is really, really good."
—Chair/Managing Partner, AmLaw 50 firm
Business Pundit
CorporateCounsel.Net Blog
Conglomerate
BusFilm by Larry Ribstein
Business Pundit
Carnival of the Capitalists
Chicago Boyz
Ensight
Marginal Revolution
Ronald Coase Institute
Stephen Bainbridge
"Adam Smith, Esq.,"® an inquiry into the economics of law firms, and the maroon banner, are a federally registered trademark belonging to Adam Smith, Esq., LLC, which is partially owned and controlled by Bruce MacEwen.
This weblog is licensed under a Creative Commons License.