Poor decisions making - public exposure - how can you avoid being the next VW?

 
BASINGSTOKE, U.K. - Nov. 1, 2015 - PRLog -- In the wake of numerous business scandals the most recent being VW cheating on the emission rules, what can businesses do to minimise the risk of poor decision making and prevent the ensuing damage to their company?

In this, and many other, situations it’s tempting to think someone is responsible. But the reality in most situations is that there is no one person, no one ‘bad egg’. It’s more likely the result of a series of poor decisions by a number of different people. The poor decisions go unchallenged because there is no process to help people keep on track and no support for those who might want to say ‘hang on’ this isn’t a good idea.

Elgood Effective Learning has addressed this problem by developing a business simulation – The Ethics Challenge.  The Ethics Challenge uses real business issues and provides a framework for discussing the factors that should be considered in order to come to a sound decision.  The outcome of the decisions are grounded in the business world.  The challenge uses three criteria, Return on Capital Employed, Corporate Reputation and Leadership Trust.

As Christine Elgood says “You only have to look at the situation for VW at the moment to realise that these are all key business measures, VW is facing its first quarterly loss for 15 years, it’s brand has been damaged and the Chief Executive is on record as a saying “We will do everything in our power to win back the trust we have lost”

The Ethics Challenge is a fun way to generate debate and convey important messages to everyone working within the business.

Find out more http://www.chris-elgood.com/search.php?id=195

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For Further Information please contact Christine Elgood – christine@chris-elgood.co.uk, Telephone office 0118 982 1115, Mobile 07711 523917

Contact
Christine Elgood MD at Elgood Effective Learning
***@chris-elgood.co.uk
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Tags:Ethics, vw, Decision Making
Industry:Business
Location:Basingstoke - Hampshire - England
Subject:Products
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