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EthicsStat …Now You Know Defending Your Organization’s Ethical Culture Ethics Resource Center April 10, 2009. Confidence in Business is Waning.
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EthicsStat …Now You Know Defending Your Organization’s Ethical Culture Ethics Resource Center April 10, 2009
Confidence in Business is Waning “This crisis is neither the result of a normal turn of the business cycle nor an accident of history. We arrived at this point as a result of an era of profound irresponsibility that engulfed both private and public institutions from some of our largest companies’ executive suites to the seats of power in Washington, D.C. For decades, too many on Wall Street threw caution to the wind, chased profits with blind optimism and little regard for serious risks—and with even less regard for the public good.” President Obama’s 2010 budget message to Congress
Could You Defend Your Company Against Such Scrutiny? Strong Ethical Cultures Can Be Measured Strength of Ethical Culture Compared to the Norm 100% Above Norm Overall Ethical Culture Scores 80% 80% 75% 78% 77% 77% 76% 76% 76% 73% 69% Below Norm 50% Benchmark Co. 6 Co. 3 Co. 8 Co. 9 Co. 2 Co. 4 Co. 1 Co. 7 Co. 5 Ethical Culture Scores for Organizations Using the Ethics Resource Center’s Ethical Culture Assessment