How can you use critical thinking to identify potential conflicts of interest when advancing your career?

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Advancing your career can be rewarding and challenging, but it can also involve some ethical dilemmas. How can you avoid compromising your integrity and reputation when pursuing new opportunities or roles? One way is to use critical thinking to identify potential conflicts of interest and make informed decisions. Here are some tips on how to do that.

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Assess your biases:

Recognizing personal biases helps maintain integrity. Deliberate on how your desires may not align with the collective good, ensuring ethical decision-making in career advancement.
Seek external opinions:

Get an outside perspective when assessing potential conflicts of interest. This adds a layer of objectivity and can help align your actions with professional and organizational values.

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1 Define your goals and values

Before you apply for a new position, promotion, or project, ask yourself what are your goals and values. What are you trying to achieve and why? How do they align with your current role and organization? How do they affect your relationships with your colleagues, clients, and stakeholders? Be honest and realistic about your motivations and expectations. This will help you clarify your priorities and avoid being swayed by external factors or pressures.

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Ibrahim Dalwai

Bachelor's degree Accounting and Business/Management at University of Mumbai
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To identify potential conflicts of interest in advancing your career, critically evaluate situations where personal interests may clash with professional responsibilities. Assess decisions, relationships, and financial transactions for potential bias. Stay mindful of ethical guidelines, be transparent about affiliations, and seek external opinions when necessary. Regularly reflect on your actions to ensure alignment with your professional duties and organizational values.

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2 Identify possible conflicts of interest

A conflict of interest can arise when personal or professional interests interfere with the ability to act in the best interest of an employer or client. For instance, applying for a job or contract with a competitor or supplier of your current employer, accepting gifts, favors, or incentives from someone who can influence your decisions or actions, having a personal or financial relationship with someone you supervise, evaluate, or negotiate with, and using confidential or proprietary information from your current or previous employer for your own benefit are all examples of conflicts of interest. To identify possible conflicts of interest, it is important to use critical thinking skills such as asking questions to gather relevant information and evidence, analyzing the situation from various perspectives and angles, evaluating the pros and cons of each option and outcome, considering the implications and consequences of your choices and actions, and seeking feedback and advice from trusted sources and experts.

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3 Resolve or disclose conflicts of interest

If you find that you have a potential or actual conflict of interest, you have two options: resolve it or disclose it. Resolving a conflict of interest means removing yourself from the situation or role that creates the conflict. For example, you can decline the offer, withdraw the application, or recuse yourself from the decision-making process. Disclosing a conflict of interest means informing your employer, client, or relevant parties about the conflict and how you plan to manage it. For example, you can report the conflict in writing, seek approval or consent, or follow the policies and procedures of your organization. In either case, you should act promptly, transparently, and professionally to avoid or minimize any negative impact on your career or reputation.

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Flora Langel De Kock

enjoying being a Designated Service Manager, every day!
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When asked if I’d be willing to help identify candidates for our teams hiring of new support, I declined on the grounds of a few reasons. The most prominent was that I was aware the person that trained me for my role was one of the individuals in the pool. I recognize a bias towards them as I have grown to appreciate and respect them for the support they have shown me. When I have a question about bias impacting a decision, I will ask myself “Can the decision be made without my input in the best interest for those impacted by those who may want my input?” If possibly no, I will disclose my perspective but give ALL pros and cons as unbiased as I can while acknowledging the bias. If yes, I will step aside calling it out.

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4 Review and reflect on your decisions

Once you've resolved or disclosed a conflict of interest, take the time to review and reflect on your decisions and actions. Ask yourself if you acted in accordance with your goals and values, used critical thinking skills to identify and assess the conflict of interest, followed the ethical standards and guidelines of your profession and organization, communicated effectively and respectfully with the involved parties, and learned anything from the experience that can help you improve your decision-making skills. Doing this can help you hone your critical thinking skills, sharpen your ethical judgment, and progress in your career with integrity.

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Flora Langel De Kock

enjoying being a Designated Service Manager, every day!
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I find reflecting and acknowledging any bias in your life opens you up to learning about who you are and where you are going personally, professionally, and socially. Integrity is not something we innately do, it is the cumulative action from a conscious effort to be our best. So to have integrity at a fundamental level, we must strive to recognize the benefits of acknowledging what we want is not always the best for everyone, and what is best for everyone is not always what we want.

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5 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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How can you use critical thinking to identify potential conflicts of interest when advancing your career?

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3

4

5

1 Define your goals and values

2 Identify possible conflicts of interest

3 Resolve or disclose conflicts of interest

4 Review and reflect on your decisions

5 Here’s what else to consider

Decision-Making

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How can you use critical thinking to identify potential conflicts of interest when advancing your career?

1

2

3

4

5

1 Define your goals and values

2 Identify possible conflicts of interest

3 Resolve or disclose conflicts of interest

4 Review and reflect on your decisions

5 Here’s what else to consider

Decision-Making

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