Understanding cloud computing has been the number one imperative for executives this decade. Next: How is artificial intelligence changing business and management?
Steamships, electricity, railways, airplanes, Internet technology and business have always been intertwined. A new technological revolution is now underway as organizations learn how to use artificial intelligence to make faster, smarter, and more productive decisions. This recent study by the faculty of Harvard Business School highlights the opportunities and pitfalls that can arise in the digital transformation process.
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However, when a panel of three judges considered the argument, they dismissed it as irrelevant. “We believe the Cigna Code of Ethics is a textbook example of ‘bragging’,” the judges wrote. “They are too general to be trusted by a reasonable investor.”
“This is typical of the way many people and even employees view codes of conduct,” says Eugene F. Saltes, assistant professor of business administration for the Yakurski family at Harvard Business School. “Company executives often express a high-level set of principles that are expected of employees, but the court actually said,” It’s like marketing materials that people don’t literally take their word for. “
So, do the company codes of ethics have any value? In a recent case study of a new “ethical bot” created by consulting firm Accenture, Saltes argues that such codes can cost companies dearly, but only if they go beyond general themes and create a tool that employees can use.