Business Week magazine wrote an article Ethics 101 for CEO's (Jan. 26, 2004). Darden Graduate School of Business Administration at the University of Virginia is going to conduct research on developing a business school ethics program, and lead seminars for the nations CEO's. Implementing this program will help set and maintain the highest ethical standards which start at the head of the company. This effort will support CEO's and other business leaders to maintain a culture of ethical business practices. There is a concern whether this program will actually work. Will CEO's with big egos listen on what is good ethics practice? By the time CEO's become a CEO, they are set already in their own ways.
Ethics should play an important role on how a business is run. However, are ethics really practiced? Ethics can be a waste of time because ethical terms are easily shoved aside in the heat of competition. Look at ERON, how ethical where some of the upper management?
Ethics needs to be started from the top. If the CEO of the company is following their ethics codes then lower management and employee's will follow and if not started from the top, the rest of the company will follow. Ethics should be practice in all types of business but will this ethics program/seminars will actually work?