Business Ethics
Prem Yadav
BUS 610 Organizational Behavior
Dr. Rollis Erickson
June 29, 2015
Introduction
Excellence of an organizational leadership determines how well an organization is doing. Effective leadership is influencing the behavior of individuals and groups in positive way to work towards a predefined organizational goal (Baack, 2012). An effective leader creates vision for the organization and effectively communicates with employees to set the organizational direction for growth, align the structure of the organization to meet the goals, and define organizational culture where employees can perform and grow along with the organization. Effective leaders create organizational strategies to inspire and motivate employees to achieve organizational goals and vision. There are many leadership theories evolved in organizational behavior over time. Some of the examples for leadership theories include great man theories, trait theory, behavioral theories, situational leadership, contingency theories, transactional leadership, transformational leadership and charismatic leadership.
Leader - Robert L. Nardelli
Robert L. Nardelli was born in May, 17 1948 and earned Masters in Business Administration from University of Louisville. Nardelli started his professional carrier in GE where he worked for 27 years. He took the job as CEO of Home Depot from his predecessor Bernie Marcus in the year 2000. Employees had laid back approach and independence under
Abandoned minors are no longer protected from liability on their contracts, merchants are still reluctant to deal with them on a credit basis, fearing that they may still attempt to disaffirm, or
Business ethics refers to the consideration of moral decisions and responsibilities in the process of operating a business. Business ethics, practiced throughout the deepest layers of a company, become the heart and soul of the company 's culture and can mean the difference between success and failure. Values drive behavior and therefore need to be consciously stated, but they also need to be affirmed by actions. Ethical business environments are created with foundations of integrity, accountability and commitment.
Leadership can be defined as the process of identifying a goal, motivating others, and make them to achieve the mutually goals (Giltinane, 2013). According to Humphreys (2002), successful leaders do this by applying their leadership knowledge and skills. A good leadership is not only good at management, but also use different leadership styles in different situations. A successful corporation must has a good leader who have the flexible ability which can provide a suitable leadership to make the company successful. Furthermore, there have no perfect leadership styles in the world. Different leader have different leadership styles which also have the different strengths and weaknesses (Ali & Waqar, 2013). Leaders need to consider
This case study was a powerful example to illustrate the presence of ethics within the
Bob Nardelli, a longtime GE executive who nearly nabbed the CEO spot at the company, was brought in to run Home Depot in 2000. He was by all accounts an overpaid disaster in the role. Skills that were well-suited to GE’s culture — a place, under CEO Jack Welch, with an intense focus on performance, where people were routinely fired — didn’t fit at Home Depot, which had a more laid-back culture, as Michael Useem, a management professor at the Wharton School at the University of Pennsylvania, noted in a 2007 podcast.
An effective leader is someone who is passionate about their goals and knows how to motivate, inspire, and influence others to come together and work as one to reach a common goal and conduct compelling and important changes. The realization of some kind of qualitative or quantitative result because of the actions and influences of an organizations leader is essentially how to evaluate their effectiveness. The characteristics of effectiveness, of course, depend on the goals of the leader and the organization. The fundamental characteristics of what makes an effective leader are mostly universal, however, the characteristics of leader effectiveness from one organization to another may have unique
Effectiveness of leadership rest solely on the style of leadership that the leader embraces. Many times it is also contingent upon the framework of leadership. This simply suggests that dissimilar leadership styles are applicable in different situations. In order to be effective, one must possess an array of skills, influence, traits, behaviors, values, motivation and relationships with followers. Effectiveness of leadership is also the result of the mind, body, soul and spirit coming together to be a visionary, passionate, flexible, inspiring, innovative, courageous, experimental, and initiates change. Effective leadership means are centered on creating an invigorating environment that is safe, fair, and consistent for all. The aforementioned statements
Theories provide a standard that is applicable to thought processes. Insight can help leaders to move forward and bring fresh insight to the workplace. It is a conscious choice that an individual makes to become a leader and assume the responsibility to support the organizations mission while empowering the followers. By putting the needs of the followers ahead of self-absorbed leaders allows them to become healthier, wiser, freer, and more likely willing to be of service. Responsible leaders elevate and incorporate all moral stakeholders that establishes a connection of diverse constituents. Authentic responsible leaders have character and demonstrate virtues: honesty, respect, service, and humility. It is the individual members that make or break the purpose of having a group advantage. It is important to have an orderly set of steps, no matter what orientation, based upon moral principles to help conflictual situations.
How do ethical values shape behavior in organizations? According to Saleem (2014), ethical values and behaviors of an organization are made up of organizations institutionalized philosophies along with the moral ideologies of its members. In addition, the codes of ethics help to enhance the moral reasoning of employees while shaping their behaviors towards morally questioning unethical situations. Organizational leaders are encouraged to build cultures of trust with leadership who establish concerning goals employees pursue y setting examples for others to follow (Crosbie, 2008). The leaders whom are able to build training and development throughout their organization helps design and build relationships characterized by collaborative behaviors those results in mutually beneficial outcomes (Crosbie, 2008).
For centuries leaders have been analyzed in order to determine what the traits and characteristics of a successful leader are. Leadership, as defined by Koontz and Weihrich (2008) is “the art or a process of influencing people so that they will strive willingly and enthusiastically toward the achievement of group goals” (p. 311). Leadership plays an important role in employee’s participation, creativity, recruitment to an organization, their commitment to the organization, and productivity levels. Over the years, there have been a number of theories surrounding leadership such as the “Great Man” theory, which, according to Riaz and Haider (2010), “assumes that leaders are born and have innate qualities, therefore, leaders
The topic of leadership is historically one of the most widely researched when it comes to explorations of organizational behavior. The success of any institution or organization is pegged on the quality of its leadership because it is the determining factor on the pattern and speed at which it achieves its growth goals. Leaders are responsible for steering an organization toward its goal by mobilizing resources (both human and material) and maximizing their efficiency. The key deliverables for many leaders include employee well-being, teamwork, adherence to organizational processes and procedures, innovation, crisis
Research on management and leadership in organizations over the past century shows there are still no clear definitions or answers about what counts as effective and successful leadership; the field remains varied and argued. Actual studies of leadership began in the early twentieth century. The research and studies on leadership have resulted in defining what characters, traits and attitudes are considered to be significant for leaders to possess. The early studies of leadership theories focused on the person and their behaviors, currently known as leadership trait theories and behavioral theories. It is important for organizational leaders and managers to understand what characteristics, traits and actions of an individual mark a great leader when forming a strong diverse workforce.
1. The Sales Rep. A sales representative for a struggling computer supply firm has a chance to close a multimillion-dollar deal for an office system to be installed over a two-year period. The machines for the first delivery are in the company’s warehouse, but the remainder would have to be ordered from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for the popular model, the sales representative is not sure that the subsequent deliveries can be made on time. Any delay in converting to the new system would be costly to the customer; however, the blame could be placed on the manufacturer. Should the sales representative close the deal without advising the customer
During the 2008 economic crisis there were a lot of questions about ethical behavior in the business community. The result of the behavior led to questions about how and when the practice of unethical behavior began and if it was related to practices students learned while in business school. Rocky University has commissioned a group to review the data provided from an anonymous survey to find if there is a culture and history of cheating in the school of business. “Business ethics is the study of proper business policies and practices regarding potentially controversial issues” (Investopedia, 2016). This definition is relatable to the ethics in business school studies. The use of non-approved material or assistance can lead to questions about the collection and validity of the results in any student’s submissions. How does the two relate, and is there a correlation between cheating in school and unethical behavior in the business community? By understanding more about what is being allowed in the university, it may provide us with insight into when this type of behavior starts and how can the university community can combat it at an introductory level. Rocky University provided a sample of 90 graduating business students with responses to three questions regarding academic improprieties. This report will evaluate the data and provide answers to the following questions, the total of students who are considered cheating, proportion of students that copied off the
1. The Sales Rep. A sales representative for a struggling computer supply firm has a chance to close a multimillion-dollar deal for an office system to be installed over a two-year period. The machines for the first delivery are in the company’s warehouse, but the remainder would have to be ordered from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for the popular model, the sales representative is not sure that the subsequent deliveries can be made on time. Any delay in converting to the new system would be costly to the customer; however, the blame could be placed on the manufacturer. Should the sales representative close the deal without advising the customer