Premeaux's investigation into ethics and business behavior resulted in four categories that can lead to ethical problems: a) coercion and control (the use of threats or extortion to force a manager to make a certain decision); b) conflict of interest (a manager has more than one interest and if he pursues both, harm may come to the company); c) physical environment (this relates to conflict of interest that can harm the environment); and d) personal integrity (making a decision based on one's own needs can raise a red flag in terms of right and wrong even if the law doesn't specifically spell out a guideline to follow) (16).
In a survey of managers, Premeaux received 413 questionnaires to test ethical responses. The results of those surveys (there is not enough room in this paper to report appropriate data) showed that managers have "…a heightened sense of ethical awareness with most rationales being either rule utilitarian or rights bases," which shows more ethical concern than a similar survey conducted by Premeaux in 2003 (23). Interestingly, those managers that were 5 years or less from retirement were "much more likely" to play by the ethical rules; they apparently realize that short-term gains are easily outweighed by long-term ethically-based gains; plus it would seem that those about to retire do not want to get caught up in an ethical scandal (Premeaux, 24).
"Leadership and Business Ethics: Does it Matter?" This article was published well before the Enron and WorldCom scandals, but the points made are germane to this post-Enron era. To wit: a) Ethical behavior goes well beyond what is legal or profitable; b) leadership is responsible to conform to ethical...
Leadership ethics by Lamar Odom that basically examines whether doing the right thing is enough in leadership. The author examines this issue given that the behavior of leaders has been one of the most intriguing issues in today's society and in order to provide insights on ethics in leadership. The title of the book provokes deeper thoughts in the minds of leaders even before they open the book to commence
My moral code is basically a culmination of all the statements made above. It includes he principles of freedom, choice, and democracy. I consider these principles, if applied, as essential to fulfill my moral vision of he world, where all people can work together in harmony to fulfill both individual and collective goals. There are various ways in which to ensure one's moral fitness. One good way is to use workbooks
It is like a double-edged sword, one must understand the pros and cons to every option. Yes with option one, it appears that by having the bank take over that this offers the best case scenario for everyone but Joe must weigh the possible repercussions and how they will affect business. In other words, this may be saving everyone's job and the company but at what cost to quality
Business Leadership What are the significant trends you found in Workforce 2020? This textbook was written in 1997 based on data the authors had at that time. Now that we are into the year 2003, do you agree or disagree with the various topics being assessed/predicted/presented in the book? Select two topics from the following list and discuss: The trends found in the book included the prediction that the United States will deal with
It includes a worldview that embraces "corporate social entrepreneurship...the transformation of socially responsible principles and ideas into commercial value." This is to say that leaders need to understand how responding to their "civic duty" means helping sustain the "world's well-being." When this ethical philosophy is carried out by business leaders, and taught to workers, companies most always profit morally and financially, Schwab asserts. Works Cited Dressendofer, Jo-Anne. (2003). Corporate Ethics..."Follow the
Leader Business Leadership: A Literature Review Bill Gates. Steve Jobs. Carly Fiorina. What do these names have in common? An easy one - they are all CEO's of major global corporations. They are businessmen, and women, at the tops of their professions, leaders of the international business community. But how did they get there? How did they achieve so much? How did they build organizations that are at once creative, competitive,
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