Final answer:
To promote high ethical standards, Riley should lead by example and promote ethical behavior, as leadership sets the tone for an organization's culture. Emphasizing moral uplift and a strong ethical compass, Riley can create a positive culture and effectively guide the company amidst the challenges of emerging technologies.
Step-by-step explanation:
Riley's most effective action to promote high ethical standards within the technology firm would be c) Lead by example and promote ethical behavior. Establishing a strong ethical culture in an organization begins at the top, as leaders set the tone for the behavior and values of their employees. Rather than creating a culture of fear or emphasizing punishment, which may only address symptoms rather than causes of unethical behavior, leading by example involves embodying the values and standards that are expected of all employees. This approach encourages a positive, integrity-based culture where ethical behavior is the norm.
Moral uplift and reinforcement of a strong moral compass are essential for creating and maintaining high ethical standards, as suggested by historical reformers. Additionally, with the difficulty of establishing ethical practices especially in the context of emerging technologies, it becomes all the more important for leaders to ground their decisions and actions in clear ethical principles and provide education to ensure everyone understands the importance and implications of these standards.
Likewise, as put forth in ancient wisdom and supported by modern research, the consummate leader cultivates the moral law and shows dedication to method and discipline. This reflects the idea that successful leadership and ethical guidance are closely linked. By focusing on these aspects, Riley can help the technology firm rehabilitate its image and return to profitability while upholding high ethical standards.