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The failure to understand and manage ethical risks played a significant role in the financial crisis. The difference between bad business decisions and business misconduct can be hard to determine, and there is a thin line between the ethics of using only financial incentives to gauge performance and the use of holistic measures that include ethics, transparency and responsibility of stakeholders.
Legal definitions of culpability, verbatim from the Pennsylvania Crimes Code, are: A person acts purposely (criminally) with respect to a material element of an offense when: if the element involves the nature of his conduct or a result thereof, it is his conscious object to engage in conduct of that nature or to cause such a result; and
A capability is the ability to execute a specified course of action or to achieve a desired outcome. Capability may also refer to: Business, economics, science and engineering
For capability or conduct, the employer does not have to prove on the balance of probabilities that the employee is incompetent or badly behaved, merely that based on sufficient evidence [61] it honestly believes on reasonable grounds that he is. [62] In the case of conduct, the employer must also base its belief on a reasonable investigation. [63]
A capability, in the systems engineering sense, is defined as the ability to execute a specified course of action. A capability may or may not be accompanied by an intention. [ 1 ] The term is used in the defense industry but also in private industry (e.g. gap analysis ).
Capability-based planning had long been entrenched in the defense realm in the US, UK, Australia, and Canada before it was adopted within Version 9 of The Open Group Architecture Framework (TOGAF). [7] Capability Management has in recent years become a popular sub-discipline or method of Enterprise Architecture. Enterprise Architecture seeks to ...
Capability management is a high-level management function, with particular application in the context of defense.. Capability management aims to balance economy in meeting current operational requirements, with the sustainable use of current capabilities, and the development of future capabilities, to meet the sometimes competing strategic and current operational objectives of an enterprise.
Specific business capabilities in business capability models can be titled using either a noun-verb style or a verb-noun style, e.g. "product development" or "develop products". [5] [6] [7] In their simplest form business capability models can show only structured sets of nested business capabilities and sub-capabilities.