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Ethics and Governance in Project Management: Small Sins by Eduardo Victor Lopez, Alicia Medina

By Eduardo Victor Lopez, Alicia Medina

This booklet indicates govt, venture, application, and portfolio managers how moral habit can make sure that a firm has right governance. wrong governance and unethical habit have ended in such recognized monetary mess ups as Enron and Madoff Investments. The ebook hands managers with vital instruments: Small Sins Allowed (SSA) and Line of Impunity (LoI), which jointly will be the root for renewed Read more...

summary: This e-book indicates government, venture, application, and portfolio managers how moral habit can make sure that a firm has right governance. incorrect governance and unethical habit have ended in such recognized monetary failures as Enron and Madoff Investments. The ebook hands managers with vital instruments: Small Sins Allowed (SSA) and Line of Impunity (LoI), which jointly should be the root for renewed and full of life company governance. SSA is a robust instrument that is helping managers identify a degree above which adherence to moral criteria is anticipated. LoI aids managers in making a choice on moral fault traces that could exist in an organization and keeps unethical habit in fee

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Additional info for Ethics and Governance in Project Management: Small Sins Allowed and the Line of Impunity

Sample text

She was not doing this using other people’s phones reachable outside of her work, which could have compromised her personal set of values. She only compromised the work-related set of values. Outside of her job she continued to be a 100 percent honest person. All Ms. Gay’s co-workers attended the wedding, as she was (and still is) a very much beloved friend, although nobody else has had long-distance privileges since then. Questions Have you ever witnessed a similar situation? Explain. Is there a problem with holding different ethical standards in the workplace versus in one’s personal life?

Nevertheless, even though it is true that signs of a paradigm shift can be seen everywhere, it is also true that scandals did not retreat. It appears that the times of unsatisfactory equilibrium are still here, and any perception of evolution is still nothing but a dream. A deeper understanding of this dynamic requires an exploration of three key concepts: ethics, context, and governance, which are covered in the next three chapters. In Chapter 5, two new concepts will be introduced: the Small Sins Allowed and the Line of Impunity.

There are two reasons for business to engage in ethical practices: a desire to do the right thing and a desire to convince stakeholders of the ability to do the right thing. In the first case there is no external pressure or government constraint; the ethical motivation comes from universal and cultural moral values. In the latter case the motivation is to mitigate the risk of legal consequences. The need to connect ethics with management practice became evident, as supporting ethical principles should not contend with having a competitive posture.

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