The principal problem at the middle management and employee level at MF Global was that the task of measuring the capital at risk from proprietary trading was not performed by executive management and that those risks were ignored after being brought to their attention (Protess & Ahmed,, 2012). Meanwhile, traders typically do not conduct thorough risk assessment of their trades and of the capital required to fund investment strategies because their competitive concerns are day-to-day and not long-term or strategic. Since the traders were not responsible for their own stand-alone balance sheets, they had little incentive to worry about the larger implications of their trades. Moreover, their income was directly linked to their sales volume, making it unrealistic to expect them to exercise greater caution than being asked of them by middle management. It is difficult to consider the actions of traders an ethical violation because managing risks associated with linking proprietary trading and other firm activities onto the same balance sheet falls outside the scope of their ethical responsibilities (Lucchetti &...
Within that framework, middle management and individual traders had comparatively little ethical responsibility to second-guess those decisions or to manage risk more carefully at their respective levels.
Global Leadership Find a video clip of a global leader exhibiting a specific competency, then define and expand on the competency and explain how you see it displayed. Competent Leader - Steve Jobs: http://www.youtube.com/watch?v=tAdih-bnjBQ This video clip focuses on the illustration of inspiration as a form of leadership competency in relation to global business leadership. It is ideal to note that Steve Jobs' valuable leadership traits base the video clip on an interview.
Global Leadership Final Presently, across borders global economy is becoming a competitive landscape that is turning out to be more complex, dynamic and indefinite for operating firms. Global leaders are born and then made for the reason that the full potential of an individual can't be realized until they are provided with an opportunity and regular training. (Gregersen et al.,1998). However, in order to obtain opportunity and education an individual must
Global Leadership While it is certainly important for a global leader to have what Stephen L. Cohen refers to as a "global mindset" -- and he refers to a "global mindset" as the most important attribute -- this paper argues that a global mindset is but one of the pivotal leadership traits that an executive needs in the global marketplace in 2013. What Cohen alludes to as a global mindset is
Global Leader Innovation in a Context of Global Leadership In one regard, global leadership and innovation would seem to go hand in hand. Indeed, the proliferation of global corporate orientation is itself a condition produced by the incredible impact of certain innovations. As the text by Kanter (2006) indicates, certain periods of rapid innovation have altered the landscape for global leadership. Kanter observes that "the first was the dawn of the global
Global Leadership The role of ethics is important in business even though there are significant factors that oppose their consideration. Business has also taken a more global and international role ensuring that new relationships and understandings about political and regional events must occur. The difficult landscape that presents power and profits as paramount values makes leadership an integral part of any system or organization that wishes to both succeed at business
Global Leadership Prior to denoting a specific plan for outlining how Jiango, a senior vice president for Deronde International, a French fragrance company looking to expand its international interests into emerging markets, it is critical to denote the executive's strengths and weaknesses. Doing so will reveal a significant degree of insight into what the apparent gaps are between him and his predominantly French colleagues and result in creating a course of
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