From the course: Ethical Decision-Making in Business: Strategies for Success
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Addressing conflicts of interest
From the course: Ethical Decision-Making in Business: Strategies for Success
Addressing conflicts of interest
At times you might find yourself stuck in a situation where your personal interests clash with your professional duties. Maybe it's a big deal. Or it could be something small. For example, have you ever thought about starting a side hustle while working full time for a company? What if I told you some companies prohibit you from these opportunities and detailed this in your employee handbook? Technically, that would make a side hustle a conflict of interest. In this lesson, I'm going to explain how to identify and prevent conflicts of interest so you can ensure your choices are strategic and above reproach. First, identify what constitutes a conflict of interest. Conflicts of interest could cloud your judgment and lead to biased decisions. They come up in a situation where your personal interests or obligations clash with your professional duties. They could be financial, like an employee recommending a product they owned stock in. Personal, like a lawyer representing more than one…
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