RWS 290 Chapter Notes - Chapter 1: Business Ethics, Takers
2 Sep 2018
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Document Summary
The trust extended by the general public to business executives is far lower than the trust extended to members of other selected professions. 85% of senior executives surveyed believe that public trust in business has gone down. 62% of survey respondents across 20 countries said their trust in corporations had gone down following the economic crisis of 2008 and 2009. Surveys show that employees often do not trust their own business leaders. Just 51% of employees trust senior managment, and only 36% of employees believe their company leaders act with honesty and integrity. Strong predictor of cheating in the workplace is cheating in school. Cheating is so pervasive that some use the label a "global cheating culture" Post-trust era - public overwhelmingly views businesses as operating against the public"s best interests, and the majority of employees view their leaders and colleagues skeptically. There are three parts that make credibility; competence, caring, character.
