Loyalty and Ethics in Business
Kasper Hiddema, Student (University), Netherlands, Premium Member
PROBLEMS CAUSED BY LOYALTY
Stories in the media about corporate scandals, political scandals or gang-related violence often cite loyalty as one of the most important drivers of corruption. There are countless reports of employees who did not report misconduct to their superiors out of loyalty to their co-workers, or who embezzled company money while remaining loyal to each other.
The previously mentioned incidents that make the headlines make it seem as if loyalty is a bad thing, harming many aspects of our professional and personal lives.
LOYALTY PART OF SOCIAL IDENTITY
Practically everyone feels loyalty, to our family, our friends, an organization or a certain cause. These loyalties are often important parts of our social identity. Loyalty is deeply rooted inside the human evolution because it once was a necessity for survival and propagation of our species.
HOW LOYALTY CAN INCREASE ETHICAL BEHAVIOR
Recent research by Gino, Bazerman and Hildr...