The document discusses the importance of ethics, integrity, and accountability in project management, emphasizing the need for adherence to moral principles and transparency in decision-making. It outlines DeGeorge's moral guidelines for multinationals, the significance of ethical displacement, and the necessity of appropriate background institutions to regulate behavior. Additionally, it highlights the consequences of lacking integrity and the essential characteristics of effective internal measures to ensure business ethics.
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COMPETING WITH INTEGRITY
The document discusses the importance of ethics, integrity, and accountability in project management, emphasizing the need for adherence to moral principles and transparency in decision-making. It outlines DeGeorge's moral guidelines for multinationals, the significance of ethical displacement, and the necessity of appropriate background institutions to regulate behavior. Additionally, it highlights the consequences of lacking integrity and the essential characteristics of effective internal measures to ensure business ethics.
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ETHICS
Integrity refers to adhering steadfastly to moral
principles and being honest in all actions undertaken during a project lifecycle Accountability entails taking responsibility for one's decisions and actions while being transparent about their implications Underlying DeGeorge’s views on integrity is a universal ethics which rejects ethical relativism but is sensitive to charges of moral imperialism. DE George speaks of “acting with integrity” rather than “acting morally” (though he equates the two) because integrity seems less moralistic or naive, while continuing to emphasize the autonomy of the agent. In short, “integrity” may be easier for many to swallow than “morality.” DeGeorge argues that ethical pluralism is not the major stumbling block to acting with integrity internationally. principles of justice and fairness in order to make progress in resolving our moral disputes. The ethical integrity of the firm is strongly dependent on the individuals who run it; Some moral problems can only be resolved by seeking a resolution on another level (the technique of ethical displacement); Current background institutions on the international level (and particularly in less developed countries and second world nations) are inadequate to control the behavior of multinationals. DeGeorge’s moral guidelines are the following: “Do no intentional harm”; “Produce more good than harm for the host country”; “Respect the human rights of one’s employees”; “To the extent that local culture does not violate ethical norms, multinationals should respect the local culture and work with and not against it”; “Multinationals should contribute by their activity to the host country’s development.” The second theme of ethical displacement is the view that various moral problems cannot be solved at the level at which they occur, but can only be resolved by moving to another (generally “higher”) level. Accordingly, the problem a manager of a multinational faces, when confronted with demands for payoffs or for bribery, may not be resolvable without moving to the level of the firm or to the firms in that market and instituting appropriate structural changes. DeGeorge’s third theme is that without appropriate background institutions (e.g. laws, world and local organizations, moral expectations) to impose constraints on their behavior, individuals and firms may play fast and easy with legal and moral standards. And whereas first world nations, in general at least, have adequate background institutions, this is not the case in the rest of the world
In the fast-paced world of project management, where
success is often measured by meeting deadlines and achieving objectives, it is crucial to address ethical considerations and dilemmas. Project Manager‘s are responsible for making critical decisions that can impact not only the outcome of a project but also the reputation and integrity of the organisation they represent. A broad understanding of a “good” practice has been used. For example, under this methodology, a public authority in a project identified a serious conflict of interest and suspended the project until the relevant individuals were removed or recused from their position a conflict of interest should be classified as a bad practice because such a serious conflict should not have been missed in the early stages of the project. However, the fact that the problem was eventually detected and acted upon before serious damage could be done can be considered a good practice as the project had the right processes in place and was able to apply them in a timely fashion. It is worth mentioning that projects that contained good practices in certain phases, but manifested corruption in other phases or in the project as a whole, as well as those that were cancelled though they had certain practices to ensure integrity, have not been included. Thus, the selection process is designed to cover projects which had gone through comprehensive processes in all phases. Competing with integrity in international projects is crucial for building trust and fostering long-term relationship key principles to consider: Transparency: Be open about your processes, pricing, and project objectives. Transparency fosters trust and reduces misunderstandings. Ethical Standards: Adhere to local and international laws and ethical standards. This includes avoiding bribery and corruption, and respecting human rights. Cultural Sensitivity: Understand and respect the cultural norms and practices of the countries you’re working in. This helps in building rapport and ensures smoother collaboration. Fair Competition: Compete on the basis of quality, price, and innovation rather than unethical tactics. Highlight your strengths and unique offerings without undermining competitors. Sustainability: Consider the environmental and social impact of your projects. Engaging in sustainable practices can enhance your reputation and attract clients who prioritize corporate social responsibility. Communication: Maintain open lines of communication with stakeholders. Regular updates and responsiveness to feedback demonstrate commitment and professionalism. Collaboration: Foster partnerships and alliances with local firms to enhance your understanding of the market project managers bear the responsibility of upholding accountability throughout every stage of a project's lifecycle. It includes being transparent about progress updates, budgetary allocations, and potential risks associated with the project. By fostering a culture of accountability within their teams, project managers can mitigate risks and enhance trust among stakeholders. critical in project management decision-making. Integrity and accountability must be upheld throughout the decision-making process to ensure fairness, transparency, and sustainable outcomes. By addressing ethical dilemmas, fostering effective communication, promoting team collaboration, and embracing environmental sustainability, project managers can navigate the complexities of their roles while upholding ethical standards Another dilemma revolves around resource allocation and team management. Project managers are responsible for making decisions about assigning tasks, setting priorities, and managing conflicts within teams. In this challenging role, they often face conflicting demands from team members who may have different skill sets, work preferences, or personal issues that impact their performance. Striking a balance between fairness and efficiency becomes a delicate task for project managers as they navigate through these complexities. dilemmas faced by project managers in their day-to-day roles and proposes ethical solutions to address them effectively. These dilemmas may include conflicts of interest, competing demands from different stakeholders, or pressure to compromise on quality or safety standards. By exploring real-life examples and best practices, this section aims to provide insights into resolving these dilemmas while upholding professional ethics. Disadvantage of lack of integrity Legal sanctions such as fines, impositions of damag confiscations, and even imprisonment of individuals. Commercial consequences such as the termination business relationships and blacklisting (exclusion fro future opportunities). Damage to brand reputation. Lower levels of employee satisfaction and retention. Increased unethical employee behaviour that directly harms the company such as embezzlement, wrong use of employee time and resources, confidentiality breaches. Absenteeism. Lower level of customer retention and customer loyalty. Risk of negative reactions from the community in which it operates. internal measures that ensure business integrity and ethics, but they all share similar characteristics: Business leaders and managers are personally committed, credible, and willing to act on the values they espouse ("tone from the top"). The guiding values and commitments make sense and are clearly communicated, e.g. in a written code of conduct or code of ethics. Internal measures are based on a risk assessment to spend limited resources as effectively as possible . The values are integrated into day-to-day business, and practical resources and trainings are provided to guide employees even in difficult situations and grey areas. An internal control system is established and there are channels for reporting, e.g. whistle-blowing. The business integrity and ethics programme is understood as a continuous process of learning, and measures are monitored and reviewed on a regular basis. Freely available resources can be used for continuous education