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Rupert Murdoch gave a speech in 2011 that defines ethics in a manner that many individuals would likely find quite enlightening. In that speech, Murdoch states "There is simply no excuse for unethical behavior. There are real issues that we must confront and are confronting. We could not be taking this more seriously or listening as intently to criticisms" (Murdoch, 2011, p. 436). The violation of ethical conduct that Rupert was referring to were the actions taken by a number of journalists in his employment. The journalists were accused of hacking into personal telephone voicemails.
Having harboured a secret desire to be a professional journalist at sometime in my life, I followed closely the allegations, as well as Mr. Murdoch's response to those allegations. In his speech to shareholders of the company that he runs, Murdoch states "if we hold others to account, then we must hold ourselves to account" (p. 436). As a wanna-be journalist, I find Murdoch's response to the allegations a 'breath of fresh air'. I am impressed that the man would readily acknowledge the fact that a company as large as his has a burden, a duty, to do more than just generate profits. As Murdoch explains "we cannot be just a profitable company -- we must be a principled company" (p. 436).
In business it is important...
Other considerations are important as well; in fact the CEO of Dow Chemical Company agrees with Murdoch on the importance of ethics in business. Adrew N. Liveris gave a speech and in that speech states that the work that the Center for Business Ethics "is a constant reminder that all of our institutions- including those in the business world -- must be built on a culture of trust" (Liveris, 2010, p. 35).
Building a culture of trust, being a principled company, according to Murdoch and Liveris, are important aspects to running a company. The question could be asked, 'why'?
Why is ethics so important, not only in managing the affairs of business but in every aspect of life. In the case of Murdoch's journalists, building a culture of trust would almost necessarily be important because readership, or viewership is a two-way street. One party is the provider of information, while the other party is the receiver of that information. If the receiver of the purveyed information does not trust the source, then would the receiver continue to purchase the information, would the receiver continue to watch the cable…
Works Cited
Liveris, A.N.; (2011) Ethics as a business strategy, Vital Speeches of the Day, Vol. 77, Issue 1, pp. 35 -- 39
Murdoch, R.; (2011) We must put things right, Vital Speeches of the Day, Vol. 77, Issue 12, pp. 435 -- 437
Dragojlovic, N.I.; (2011) Priming and the Obama effect on public evaluations of the United States, Political Psychology, Vol. 32, Issue 6, pp. 989 -1006
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