From Egocentrism to Public Interest: Strategies for Fostering Ethical Behaviour in State -Owned Enterprises in Zimbabwe
DOI:
https://doi.org/10.71458/7924wg97Keywords:
ethical behaviour, state-owned enterprises, corporate strategies, corruption and fraud, organisational ethics culture, governance and accountabilityAbstract
This study seeks to investigate corporate strategies implemented as a way of fostering ethical behaviour in state-owned enterprises (SOEs) following widespread reports of corruption, bribery, kickbacks and financial fraud. To accomplish this objective, a survey was used and 90 workers from five different SOEs were selected to fill out questionnaires. Views of respondents on corporate strategies being implemented to foster ethical behaviour in SOEs in Zimbabwe were solicited through interviews. Ten workers were given the chance to answer interview questions. Participants to the study were selected from SOEs in the City of Mutare through purposive sampling. Analysis of research data was undertaken with the aid of Statistical Package for Social Sciences (version 23). The study established that 90.5% of SOEs employees were not aware of their organisation‘s code of ethics. In addition, 64.3% of the respondents indicated that they did not know of any strategy being implemented to foster an ethical culture in the organisation. The study concludes that there is lack of commitment to implement strategies for fostering an ethical culture in SOEs. The government must, therefore, establish measures to ensure an ethical culture in its enterprises. The study acts as a wakeup call to regulatory authorities as it reveals the urgent need to craft strategies for redeeming SOEs from the looming danger. The study also provides a model for the successful implementation of corporate ethical strategies in these enterprises.