Why Business Leaders Fail At Using Ethics Essay - 1554 Words

Summary Ethical Fading uses a psychological lense to examine why business leaders fail at using ethics. Self-deception, along with its varied enablers, are the cause of this unethical trend. This allows one to act in self-interest while simultaneously believe that one’s ethical code was enacted, thus the ethical decision fades to a less morally risky business, personal, or religious decision. The aforementioned enablers comprise of language euphemisms, the processes to immoral decision making, misconceptions concerning moral responsibility, and the restricting representation of our self. Language euphemism is how we use language to edit ethics out of a situation; e.g collateral damage used for civilian casualties, or right sizing used for layoffs. Two process lead to immoral decision: psychological numbing and the â€Å"induction† mechanism. When one is repeatedly exposed to ethical dilemmas one becomes desensitized to the ‘ethics’ of that dilemma, leading that person to be less reflective and have more unethical behavior. The downward spiral continues as one thinks less and less of the issue, often becoming ignorant to the fact that what they are doing might be wrong. The â€Å"induction† mechanism describes the way businesses test new practices and can be stated as an if-then statement: if the past practices were ethical, then today s nearly identical practices are as well. However, small changes in practice add up over time, ending with unethical and - it some cases - illegalShow MoreRelatedThe Financial And Banking System Of The Standard Chartered Bank Iranian Transaction Scandal1466 Words   |  6 Pages3316868 786-266-1849 dmass019@fiu.edu 10/05/2015 †¢ What are ethics and their importance in global banking and business today? 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