Reflections
The situation encountered at the DFR Insurance Corporation has a twofold moral: ethics are crucial for the success of the business operations, and, the employees are the core of organizational triumph. Also, as it is already generally accepted, organizations need to constantly change and adapt to the conditions of the micro and macroenvironments. In this order of ideas then, they should not implement change only when a major modification occurred in the environment, but they should promote change as an ongoing process, as the central piece of the corporate culture (Davenport, Harris and Cantrell, 2004).
In terms of business ethics and ethical leadership and decision making, it becomes obvious that the managers must act in accordance with the moral norms. They must, otherwise put, combine their business skills and their people skills in an adequate behavior that promotes and fosters the well-being of all categories of stakeholders.
The change implemented by the new executives at DFR Insurance failed to retrieve the desired results. The dissatisfied employees begun to register low performances as a result of low morale and this generates the need for additional human resource strategies. Had these strategies been considered in the beginning and had more emphasis been placed on the ethics of the corporate change, the endeavour would have stood increased chances of success.
8. Summary and Conclusions
In today's highly dynamic and complex business environment, economic agents strive harder than ever...
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