I searched for some more information on what actually happens if ethical behaviour would be completely exiled. The most important fact mentioned in the article would be that when ethical behavior would be banished, the reliability of data is at stake.
I definatly think we should be mentioning this in our investigation.
Article
Summary
Recent events such as the collapse of Enron, the imprisonment of Bernie Maddof and the ethics scandal which involved Hewlett Packard point out that good ethics are losing ground. Never before, however, have business ethics been so important to the well being of the global economy as they are today. Increased shareholder value, a good reputation and the avoidance of internal corruption are just a few of the many reasons why companies should invest in a more ethical approach. Unethical behavior results in lower productivity, lower returns to shareholders and the risk of losing the organization’s reputation permanently. Besides above-mentioned effects, unethical behavior could become a cultural norm in the organization, leading to goal lowering, budget twisting, etc.
When ethical behavior would be banished, the reliability of data is at stake. The author divides data into a financial and a process category, but since we are only interested in the relation ethical behavior /financial performance I’m only going to summarize the first category.
It is proven that financial data is getting less reliable and that the decreased reliability will even worsen in the future, as it is pointed out that MBA students cheat considerably more than other university students.
The future is looking bright, doesn't it? ;)
Olivier Goossens
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