We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Management consulting-To what extent is it realistic to expect consultancies to act ethically - Essay Example

Comments (0)
Summary
Management consulting-To what extent is it realistic to expect consultancies to act ethically? Table of Contents Management consulting-To what extent is it realistic to expect consultancies to act ethically? 1 Table of Contents 2 Introduction 3 Critical Analysis 4 Conclusion 7 References 8 Bibliography 10 Introduction The present business environment has been often described as the age of turbulence…
Download full paper
GRAB THE BEST PAPER
Management consulting-To what extent is it realistic to expect consultancies to act ethically
Read TextPreview

Extract of sample
Management consulting-To what extent is it realistic to expect consultancies to act ethically

Download file to see previous pages... Consulting is defined as a practice that involves use of multiple talents and expertise to help solve issues in organizations. In the present business environment business consultants have a very important role that provides them with a good influential position in an organization. This has given rise to many ethical aspects that have emerged after a series of frauds that have come to light recently over the few years (Wang, 2008, p.56). The recent case of Mr. Rajat Gupta involved in a series of corporate frauds and unethical practices illustrates the aspect of unethical practices being used by consultants worldwide. The famous and influential consultant who happened to be the managing director of Mc Kinsey and Co illegally and unethically started a parallel consultancy that had his family members in the top management. Mr. Gupta reportedly indulged in unethical practices like leaking sensitive information and insider trading to get unexercised options worth 1.3 million dollars from GE’s subsidiary arm Genpact (Monadnock Research, 2011). It has also been reported that it is the middle management persons that are most often involved in cases of frauds and unethical practices in business organizations (Monadnock Research-a, 2011). ...
In the age of capitalism it has often been stated that consultants and consultancies largely act as certifying agents. The auditors largely acted as an assurance agent for external investors and general public towards the aspect of ethicality and trustworthiness of the business organizations. This aspect in itself has given considerable powers and high status to the consultants who normally act as auditors for business organizations (Sikka, 2009, p.3). With the passage of time since the industrial revelation the world has seen many reforms that also include better surveillance and control by the regulatory authorities on public organizations as well as the financial institutions like banks and stock markets. The growth of business organizations was also followed by a commensurate growth in the consultancy industry. However the aspect of regulations and monitoring was completely absent for this sector that has perhaps led to the growth of unethical practices in the industry (Mahoney, 2011, p.5). The aspect of unethical aspect in the consulting industry has been often traced to the aspect of individualism in the industry. It is a common practice in the consulting industry to make individual consultants accountable for their activities that also includes the aspect of providing accolades for their performances. This has been identified as one of the major reasons for the growing influence of the consultants that in turn has given rise to unethical practise in the industry. This aspect of unethical means has also led to the growth of a popular feeling with regards to the trustworthiness of the consultants with regards to their practices in the industry (Mahoney, 2011, p.3). The trustworthy perception of ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
How did Roman authors choose to portray barbarians (particularly Gauls and Germans) How realistic can we expect these portraits
It goes without saying that Roman historians took for granted the superiority of their own culture, and the military strength that guaranteed their dominance of the Mediterranean and lands to the north and west of their traditional homeland served to underpin this hierarchical view of the world.
10 Pages(2500 words)Essay
Management Consulting
The question that a number of thinkers and scholars alike continue to ask is that: Is it appropriate to call consulting products fashions? This paper seeks to address the above question in the context of of creating products out of expert knowledge and the efficiency involved to warrant products to be called ‘fashions’.
6 Pages(1500 words)Essay
Management Consultancy : To what extent is it realistic to expect consultancies to act ethically
According to McKenna (2006) a contributing factor is the increase in public awareness regarding ethical conduct, with the media actively reporting corrupt cases, scandals and corporate failures. This also is partly because of continued ethical conflicts we observe such as lay-offs followed by high pays for the executives (McKenna, 2006).
6 Pages(1500 words)Essay
IT Consultancies
While large scale enterprises are able to develop their own information technology systems or purchase systems from vendors, small and medium enterprises faces challenges of the involved costs. As a result, they rely on consultancies for information technology.
3 Pages(750 words)Essay
To what extent is there a responsibility on the part of business people to act ethically
The coming together of business and ethics is relatively new. Although as early as 1932 there is already a proposition regarding the “idea of service [in business] as expressing man’s altruism” ( Follet, 1925 as
10 Pages(2500 words)Essay
Business/ management consulting
Thus it’s clear that strategic management is all about defining, setting and achieving long term objectives of the organization. During the year 2009 a lot of changes took place in the sphere of strategic management in North
10 Pages(2500 words)Essay
Did the board act ethically
This paper seeks to discuss ethics in a healthcare scenario. The paper will evaluate various ethical principles in order to determine ethical position of decision made in a case and to answer the question, ‘did the board act
3 Pages(750 words)Research Paper
Management Consulting
Lack of respect for customers and employees was another cause of business failure in Go Global Case. Customers who do not feel esteemed by a company cannot develop loyalty for it and will probably deflect to other companies. The employees of a company are
2 Pages(500 words)Essay
Management with Human Resource Essay - To what extent is it reasonable for multinational enterprises to expect to regulate their human resource policies and practices uniformly across national boundaries Discuss, using examples
However, the most important question is: to what extent is this possible? Although MNCs would like to regulate their human resource policies
7 Pages(1750 words)Essay
Causes of Perceived Stress on University Students
According to the report the study selected 67 respondents between the ages of 18 to 35 years. Using online surveys, the respondents were to fill out questionnaires calibrated with a 5-Likert scale with their feeling regarding the provided questions. Using SPSS software, the study analyzed the data collected.
6 Pages(1500 words)Lab Report
Let us find you another Essay on topic Management consulting-To what extent is it realistic to expect consultancies to act ethically for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us