Ethical Dilemma in Consulting Essays

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Ethics in Consulting
Ethics dilemmas in consulting

Ethics has become an important topic in business today with good reason. Just look at the headlines: Rajat Gupta Scandal, Anil Kumar and Rajaratnam scandal, Enron, Worldcom, Health South, Great depression, financial crisis due to unethical behaviour by the banks etc. All of these cases are related to consultants either directly or indirectly and they occurred due to the moral fallacy of some of them.
Ethics is an extremely relevant value in business and consulting. The presence of recognized ethics and/or ethical practices tends to diminish the need for informative or legal/contractual precautions in the formalization of relationships, for both of the parts involved in a negotiation.
Consulting is an enigmatic business. The industry is ridiculed, reviled, or revered, depending on one’s perspective. Management consultants and their moral standards, practices and behaviour have been questioned and caricatured, but it is not sufficiently appreciated that they frequently have to operate in situations which are characterized by ambiguity, ignorance, uncertainty and sensitivity and they cannot always simply apply ethical rules in cooperating with their clients.
Some major consulting firms Importance of Ethics
Ethics among business professionals has been receiving a lot of increased attention lately. However, it is not surprising that ethics has come out more into focus especially during the last few years. The latest…

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