The solution, in my mind, is to change the underlying business model and move away from monetising digital products through ads and data sales. Consider, for example, what has happened in online media in recent years: More and more people are willing to pay for online content, for reading articles online and listening to music via streaming services like Spotify.
Product ethics extends to the details of the product, its design and technology choices. Therefore, ask your development team to make ethically sound decisions when designing and building the product. Discourage unethical practices like the use of dark patterns and encourage the application of calm technology.
The designers on the team may well be aware of ethical product design principles. Additionally, help the team become aware of algorithmic biases when using machine learning technology.
Therefore, ask the team members to take proactive steps and design for fairness when building machine learning programs. As design and implementation work can be absorbing, it is easy to forget about ethical design and technology choices. To mitigate this risk, discuss including ethical design and code criteria in the Definition of Done with the development team.
This will ensure that ethical concerns are addressed in every single sprint. Last but not least, consider the environmental impact of your product. Even though your product may be digital, it still consumes energy to be developed and hosted. If we ignore the impact of our products on the environment in general and specifically on climate change, we act irresponsibly. Therefore, choose a carbon-neutral provider like Azure and Google who can host your digital product in an environmentally sustainable way.
Additionally, reduce the amount of travel that occurs in order to develop the product, particularly flights, as these cause high carbon emissions. Non-harming also plays a key role in other professional ethics, maybe most notably the medical profession.
Thanks Roman! Congratulations for this post! It is very inspiring.. Thanks for this article, Roman. It is more than necessary to have more long term and systemic thinking in product ownership. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page.
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Your Money. Personal Finance. Your Practice. Popular Courses. Business Small Business. Key Takeaways A number of factors play a part in making a business profitable, including expert management teams, dedicated and productive employees, consistent consumer demand, and a careful watch over the bottom line.
Research has also shown that emotionally intelligent bosses make for happier, more creative employees. Consumer purchase habits also change to favor environmentally conscious brands.
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Related Articles. An ethical business ensures all parts of their product production is safe, efficient, and focuses on the health of the workers. An ethical business enforces safety procedures that care for the best interest of workers on top of those that are legally required. An ethical business does not sacrifice worker safety or worker health for increased productivity.
Workers in an ethical business are treated fairly, with balanced work hours, appropriate compensation, and thorough protection against injury. An ethical business ensures all parts of their product production is energy efficient and as safe for the environment as possible.
Ethical businesses go beyond the basic legal restrictions to minimize their production of waste and emission as much as possible. Ethical companies often explore the use of alternative technologies in order to reduce the energy being utilized during production.
An ethical business will strive to be environmentally friendly, pushing for a greater decrease of waste, energy, and emissions, across all parts of the company.
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