State of Business Magazine, Spring 2007, Ethics in the Balance
  vol. XIX no. 1

Spring 2007 contents
Dean's Letter
Rajeev Reports
Media watch
In Brief
To The Point
State of Business 
				    Information








Ethics in the Balance

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AROUND THE GLOBE
If ethical issues are complex for companies doing business just in the United States, they are even more so for companies that operate internationally. One of the most frequently asked questions is how these companies can maintain integrity, when dealing in countries whose traditions and business practices are seemingly disparate from ours. "Most of the values necessary for an ethical business are values that can be embraced by people and are consistent with cultural mores," said Knapp. Living by these standards gives the company leeway to be ethical, but conduct business according to local standards. Olson noted that "Nike worked out its child labor issues that way, by finding creative solutions and moving toward aspirations that are in the ideal."

While people are generally more aware of the importance of ethics, surveys continue to show there is still a great mistrust of corporate institutions by all Americans. The World Economic Forum’s 2005 global opinion survey said there was “an alarming picture of declining trust” in institutions. Even high school students polled recently by the Better Business Bureau said that they didn’t think corporate America could be trusted. And, while many had trouble identifying the “good guys” in business, the students could easily name the corporate culprits.

HIGH PRAISE
With all these issues permeating American business and society as a whole, it is no surprise that the Southern Institute’s work has been highly sought after and highly praised by civic and business leaders.

Atlanta Mayor Shirley Franklin accepts the 2006 Ethics Advocate AwardSaid Atlanta Mayor Shirley Franklin, “The Institute is helping shape this region’s character as a place where we learn from each other and pursue a shared vision based on common values.”

David Ratcliffe, CEO of Southern Company, noted, “The greatest value the Southern Institute has provided is the opportunity for us as leaders to share best practices with our peers in a very tangible way and, on a personal level, to associate with peers in leadership positions who are trying to find accountability and living those values.”

With these and many more accolades, there is no doubt that, as Robinson Dean H. Fenwick Huss said, “The Southern Institute puts Robinson on the leading edge of ethics education and will help the College provide global companies the type of ethical leadership necessary for them to thrive in the 21st century.”

For more information, the Southern Institute can be found at www.robinson.gsu.edu/ethics.

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