PHWP: Abstract Detail: Good business ethics require good training: The innovators

Focuses on recent financial reform legislation. According to the author, the effects of the legislation will be minimized unless financial services companies consider ways to boost the ethics training in their organizations. Companies use a variety of training techniques for instilling ethics in employees, ranging from training films to in-house training delivered by executives to hiring an outside consultant with expertise in ethics training. The author suggests that the consultant-developed training can be a good first step, even though it tends to be a costly approach. The second step would be to subsequently have someone in house who can follow up on the consultant’s training by delivering follow-up sessions. This person also needs the authority to enforce ethical principles throughout the organization. This individual may possess formal education in business ethics, as many new master’s programs are surfacing in the educational arena.

Bloom, L. (2010, August 5). Good business ethics require good training: The innovators. The Street [Online]. Retrieved August 9, 2010, from www.thestreet.com.