15.7
Social influence is the process of guiding or changing others' behaviors, attitudes, or decisions through communication.
Social influence in the workplace can involve coercion, manipulation, persuasion, and facilitation.
Coercion involves using threats to control behavior, significantly limiting freedom.
For example, employees in an organization may be threatened with job loss if they refuse to hide unethical actions.
Manipulation alters the available options or restricts information to guide choices.
For example, an investment advisor might convince clients to purchase specific stocks by highlighting only positive indicators while covering up negative information.
Persuasion is when a person uses reasoned arguments and discussions to influence attitudes or actions.
For example, a project manager may secure extra funding by presenting a detailed analysis of risks and returns.
Facilitation maximizes individual freedom by providing resources and opportunities.
For example, a manager can support team members by providing training programs to enhance their skills and professional development.
Eventually, whether these strategies are ethically acceptable depends on the specific context and the intention behind their use.
Ethics in finance goes beyond mere legal compliance, focusing on the moral principles that guide behavior. Actions such as insider trading, biased rec…
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