Ethics in the Consulting Industry: Reality or Illusion?

In the years following 2008 recession, businesses are regaining their momentum, and the economy has begun flourishing again. In the wake of the most ferocious financial earthquake of the past 80 years, society continues to feel its tremors. Is this an indicator of evolvement and growth? Or could it be a notice of an even more catastrophic phenomenon beingshown to people there? Unemployment is down and a majority of economists are optimistic concerning the future. Organizations are expanding globally, and leaders are striving to install their names for their companies’successes. But is this enough? Is success and welfare the only measures of success? Do leaders of organizations decide in favor of the well-being of these enterprises, or do they follow their very own narrow ambitions? The pursuit of personal interests could be the initiator of a capitalist economy, but that will not justify actions that harm organizations, individuals they serve, or society as a whole. So the “do no harm” business ethics debate rages on, expanding and infecting the “trusted advisers” of the consulting industry
consulta cnpj .

Consultants Should Do No Harm

In management consulting, executives and consultants are primarily accountable for creating value and safeguarding the interests of these clients, however they need to also protect society by pursuing their goals in a moral manner. Obviously, they focus on their clients’businesses making sound profit, shareholder equity and continuous growth, but it can also be their responsibility to align the interests of their clients with the typical good.

They’ve an obligation to acknowledge there are multiple stakeholders, customers, employees, society and the environmental surroundings, not merely shareholders and management. They ought to act with the utmost integrity, and serve the greater good, by having an enhanced sense of joint accountability. It is essential to understand that their actions have profound consequences for everyone, inside and outside the corporation, now and in the long run. Consulting companies, should focus more on ethical guidance, as they hold significant influence over many companies’strategy and plans.

Consulting companies (strategy, management, accounting, etc.) have an obligation to advise their clients on how best to build their successful enterprises on a solid foundations, and to help them achieve sustainable economic, social, and environmental prosperity. It is their responsibility not to distort or hide the facts behind facts, but to describe the truth and promote transparency. They must also demonstrate to their client’s ethical ways to reach their goals. But is this what’s happening today?

Double-dealing, Fraud, Corruption, Insider trading and that’s just the tip of the iceberg

When we take a close look at incidents which have occurred in the recent past, we locate a rotten record of behaviors in the management consulting industry. Numerous examples exist of partners and employees of major management consulting firms being associated with illegal and unethical scandals, in efforts to retain clients and to harvest personal gains. This can be a common among individuals who put their profits before customers.

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