Volkswagen. Wells Fargo. Mylan. One need not look further than the headlines to read of corporate corruption.
During my recent doctoral dissertation at Northeastern University, I completed more than two years of research on the lack of integrity of leaders in business. My findings showed that only two out of 50 leaders that were part of the study were honest, which, to me, is no surprise.
Business As Usual
In my opinion, I would think that the results might actually be worse than that. In a video that aired on PBS in 2009, Frontline examined international bribery, revealing how multinational companies create slush funds, set up front companies, and make secret payments, all to get billions in business. Now, these practices are facing an international crackdown led by prosecutors at the U.S. Department of Justice and its allies abroad.
Currently, I am in the process of designing a course for Johnson & Wales University College of Online Education on international business. As a result of having created one entire module on corruption, I have a fresh take on the phenomenon — and the news is not good. Rather than operate with minimal or no corruption, the recommended approach seems to be, “Just don’t get caught.” This is such a disappointing state of affairs.
Better Business Starts Here
This is why I take the time to teach ethics and morals classes at JWU. I want my contribution to budding business executives to be the receipt of some solid tools and training, if not prevent them from participating in corrupt practices, to at least think twice about the impact of their behavior.
When will the corruption end? As long as people are out to create great wealth at all costs, we are stuck with these stories.
My advice: See if you can break the chain of corruption in your life. This will be a hard road, but I think you will feel better at the end of it.
Want to learn more about earning your international business degree, bachelor’s in business administration, or MBA online with JWU College of Online Education? For more information, complete the “Request Info” form on this page or call 855-JWU-1881.