In the world of business, I don’t think there is any job where in some instances the incentives for an employee or business owner are not in conflict with the ethically right thing to do. Doctors have an incentive to prescribe certain drugs even though they know that another drug may be more effective or has fewer side effects. Lawyers have an incentive to drag a lawsuit out for longer even though they know it could potentially be resolved. Financial advisers have an incentive to recommend some products even though these products may be riskier than others.
Ethics vs. incentives
Ethics vs. incentives
Ethics vs. incentives
In the world of business, I don’t think there is any job where in some instances the incentives for an employee or business owner are not in conflict with the ethically right thing to do. Doctors have an incentive to prescribe certain drugs even though they know that another drug may be more effective or has fewer side effects. Lawyers have an incentive to drag a lawsuit out for longer even though they know it could potentially be resolved. Financial advisers have an incentive to recommend some products even though these products may be riskier than others.