What Does It Mean To Say That Greed Is Good

“Greed is good. Greed is right. Greed works.” (Gordo Gecko). Taking this particular belief system into consideration, it is evident that from an economic perspective, acting according to self-interest within a corporate environment, in turn significantly benefits the public. Enron however is a picture-perfect example of excessive greed not bringing about the above stated benefits to employees and society. Immoral behaviour and unethical leadership ultimately resulted in ethical scandals, major financial losses and the colossal downfall of a highly successful company. This situation could have been prevented through the right decisions being made by top management to lead the firm with ethical values integrated into their systems. This role
This can be seen as rather emphasising the importance of ones actions rather than word, although words are still excessively important due to the integrated communication of the leaders with the employees. Furthermore, when communicating, it is important to focus on the actions and discussion of how these actions can be brought about in an ethical way. A leader must be able to cultivate trust among employees and also ensure that they know that their contribution to the firm is valued. They must know that their actions and behaviours are directly linked to the image of the firm. This can only be done by a leader that understands that implementing appropriate strategies to motivate ethical behaviour is essential in the success of an organisation.

Implementing ethical strategies will only be effective if the firm has employees which are naturally drawn to a decision that is morally correct. Thus it is essential that the firm originally employs people of high moral standards. This can be ensured through strategic interviews and interrogative questions which highlight these values and standards of the individual at first meeting