When making a decision you must consider what I call the “PTP factor”. The PTP factor is, what will be your “Price To Pay” for your decision?
The PTP Factor can be good or bad, but there will be one! Before a decision is made, thoughtful consideration must take place. Why? Because no matter what the decision, there will be a price to pay.
Therefore the PTP factor is somewhat of a safeguard for the decision maker . If understood and embraced, this factor will help to increase the odds substantially, that it will be the best decision possible in that particular circumstance.
The caveat to this concept, is that a key element of understanding the PTP is the fact that emotions cannot be a key consideration in a decision. Why? The consequences, i.e. price to pay, go well beyond an “emotional” consequence, as the consequences need to based on discernment, logic, cause and effect and the possible ethical short term and long term consequences of that decision.
There is no time limit for consequences to go away or be forgotten, unlike emotions.
Bottom line is this: If you can’t “pay” then you better walk away!
fbucaro
Like you, business ethics and ethical leadership expert, Frank Bucaro has seen the challenges and problems of corporate leadership, particularly over the past few years in regards to poor decision-making, SEC violations, and record breaking financial settlements in a number of different industries.
With over two decades of executive training, speaking, writing and with real life experiences, his view and approach to ethics in the workplace is uniquely different. He emphasizes that ethics is a moment-to-moment choice and has little to do with position, titles, personalities or education. Ethics is everybody’s responsibility from the top down.
His goal is to help organizations to:
a. Strengthen their ethics training initiatives in order to significantly decrease the odds of an ethical/compliance violation.
b. Energize, train and motivate employees to understand the value of consistent “high road” behavior as a business advantage.
c. Support individuals and thereby the organization by contributing to its success by quality, ongoing values based leadership development.
Frank is known for his very practical, slightly irreverent, yet somewhat humorous approach to ethics and leadership development. His conversational style and real life stories connect with his audience in a personal, intense and practical level.
Companies such as Bayer Healthcare, BP, ReMax International, EnMax Energy, Danone, etc. have partnered with Frank when they want to proactively stress the message, tools, insights and practical applications that good ethics IS good for business!
