Ethics Has No Term Limits

By Rich Weissman

January 23, 2017 at 5:54 AM

It's time to separate politics and ethics. 

The news is filled with stories about the rollback of regulations, changes of macro and micro economic policies, and political/business conflicts of interest to get ironed out. Yet, the importance of ethics in our day-to-day work remains stronger than ever. 

The Institute for Supply Management defines ethics as:

A system of moral principles or rules of conduct recognized (and prescribed in the case of a company or organization) as essential to a particular class of actions. Also, an ISM Social Responsibility Principle urging organizations and individuals to recognize that ethical behavior and business conduct is a critical element impacting personal, business (public and private), supplier, and governmental relationships and governance.

While according to some we are a divided nation, I like to think that we are a united profession. Our day-to-day work remains critical to a functioning economy and we must remain vigilant in our dealings with suppliers. Any ethical lapses, no matter the reason or cause, can derail a career and even a company.

Stay current, stay vigilant, and represent your company…and yourselves…well. As I tell my students: Make ethical decisions during the day and sleep well at night.



Tags: purchasing Supply chain management Careers Procurement Ethics sourcing
Category: Blog Post

Rich Weissman

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Endicott College Assistant Professor Rich Weissman teaches management courses for the School of Business and the Van Loan Graduate School. He is also the director of corporate education, which includes the Center for Leadership, Endicott’s management development institute. He is vice chair of the planning committee and also serves on the technology committee and the Institution Review Board.  A practitioner turned educator, Weissman has more than 25 years of experience in all facets of procurement and supply chain management. He has held positions with large business units of Fortune 500 companies, medium-sized contract manufacturing companies, small venture-backed Internet startup firms, and third-party procurement, consulting and strategic sourcing firms. 

Rich holds an M.S. in Management from Lesley University and a B.A. in Economics from Rutgers University. He is past president of the Purchasing Management Association of Boston and a recipient of the Harry J. Graham Memorial Award, the highest honor bestowed by the association.


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