MANAGING BUSINESS ETHICS EFFECTIVELY MANAGEMENT ESSAY       pt3   1800w

Here, I want to generalize this issue, or I want us to see this issue in a big picture. That is, when we want to protect ourselves from deception in doing business, it is a must that we have good preparation and skills to reveal deception. First, good preparation in thinking of everything that can happen, checking our business partners before cooperating with them, and investing in ways or solutions to deal with any problems can help us be more confident. Second, skills in revealing deception need to be learned and practiced more often so that no one can tell us a lie or cheat us in doing business.

Next, let us move on to the fourth way to manage business ethics effectively. That is, making our ethical program works (Grace & Haupert, 2006). There is a framework called ESD that "encourages everyone to work ethically, supports those inclined to work ethically, and deters those who may be tempted to veer from the path of ethical behavior" (Grace & Haupert, 2006, p. 66). Or, we can say that the ESD program is a combination of encouraging, supporting, and deterring. Three conditions are needed to run this program. First of all, a risk profile needs to be set up. Risk profile is "developed by public accountants, internal auditors, risk-management and legal staff, and perhaps outside help from consultants and error-and-omissions carriers… once the risk profile is created, checks and balances to mitigate these risks can be developed" (Grace & Haupert, 2006, p. 67). Then, the board of management needs to be a mirror for every staff can look at and follow: "management must follow the lead of the board by acting ethically and insisting that the staff do the same" (Grace & Haupert, 2006, p. 67). Last, "staff must also have confidence that management will fully support those who report malfeasance by others, including their superiors" (Grace & Haupert, 2006, p. 67).

As we can see in the ESD program above, all importa