Can you tell me in which ways ethically gray areas would be beneficial to companys? I know you had said "were essential for effective executive coaching" but in what ways?

 

Ethics not only encompasses the generic conception of conduct that is acceptable or not within a country or culture, but companies, as smaller societies, have in their internal social structure an ethical code of what is allowed and not allowed, be it whether declared or not.

Ethical conflicts are a common dilemma in organizations. In fact, a survey conducted by IDEA among 110 Argentine managers of companies with local, North American and European capital indicates that:

-62% of respondents consider that ethical standards are sometimes useful.

-The Argentine manager is considered ethical because that is what corresponds and they taught him.

-Although 51% work in companies where there is an official area to resolve ethical doubts, 53% of them never used them.

-55% say that the organization does not provide training on ethical issues, but it is not an expected training either.

These data show that, although the majority of companies have established codes of ethics and structures of declared values, in the majority, there is no 'Management by Values', which generates a dichotomy between the declared code and the practiced one. This encourages the emergence of schizoid organizations, where there is an abysmal difference between the values ??that are declared and those that are practiced.

The lack of ethical training in companies reveals that ethical codes are structures that are taken for granted and are expected to come with the education received in the family, which limits companies to fine-tune their Securities Management.

A written and easily accessible code of ethics helps employees know what is appropriate. Also, it is useful to guide you when there are grays.

A company whose direction and leadership are not based on ethical principles and values ??can be very counterproductive because it undermines its credibility in the market. A practiced code of ethics affects not only the execution of values, but also the growth of capital both in human terms and in monetary assets.

A culture guided by leadership based on ethics fosters cultural environments for the generation of trust, honesty and empathy, keys to doing long-term business. Being perceived as a trustworthy company tempts potential employees and buyers alike.

A Management by Values ??is key to creating, increasing and preserving the value of the company. Investors look for trustworthy organizations, where their leaders and collaborators are upright and project a culture of ethics in everything they do.

It can also produce benefits for the company such as increased demand for its products, access to capital markets, merger opportunities, superior and sustained growth, better profits and higher price for its shares and wealth, not only for its shareholders, but also for its workers.

Ethical intelligence (the ability to decide, act and resolve situations, basing its conduct on socially shared human values ??and beneficial for both the individual and the community where it is immersed) is to the organizations of the XXI century what emotional intelligence was to companies of the late twentieth century.

Not only is it beneficial for key decision-making, since it affects the hiring of people, policies when doing business and human relationships above all, ethical intelligence affects the creation of sustainable, tempting, attractive business cultures and profitable