Trustworthiness, Ethical Stewardship in Leadership Anthony R. Gilmartin Northcentral University MGT7019-2 February 10, 2013 Abstract In this article, a comparison and contrast of the approaches of the parties who influence business decisions as it relates to ethics, and to whom the decisions influence. Furthermore, the article will scrutinize the differing objectives of company leaders who influence business decisions. Along with assessing the events that a corporation may take to arrange ethical considerations relative to social or financial performance, and corporation’s status in the community and business industry. The article will review the degree of consideration business leaders should use with social, ethical, and public issues when dealing with internal and external stakeholders. Last, the article will evaluate ethics in an academic setting, principally concerning academic integrity and the code of conduct.
Caldwell et al. (2006) noted that the duties of stewards were fraught with a complex set of ethical obligations. Many professional codes of ethics or rules are supposed to govern the ways and actions or conduct of laws given by the professionals within a professional business for you. Group of professionals generally sets these rules so that their professional peers see anyone who violations one of these rules of conducts are in violation of this rule as disapproval. The moral ethical standards of a society provide the basic guidelines for corporate ethical stewardship existence and allow us to resolve conflicts by social existence and allow us to resolve conflicts by appeal to shared principles of justification.
With that being said it becomes important to set values that everyone will work by. This will help when new employees are added to the team and will also help ensure that the behaviors within the organization are acceptable and beneficial to the overall outcome of the business. The culture should be determined right from the start so the right employees are hired. It becomes important to make sure there is a way of identifying the people that truly allow the company to be successful and not just hire the superstar, not everyone will fit in to all of the different type of organizational cultures. Determining which type of culture to work in will help tremendously when trying to find an ideal business to work for.
Abstract In this essay is to discuss Business Ethics and Corporate Social Responsibility (CSR) by using Anglo-American and Primark as examples. Both companies have a strict policies on ethical behavior which can be used as a catalyst in how to conduct business ethically. Some of the key things I will emphasize what is meant by ethical business. Then I will analyze is how Anglo American and Primark apply ethics into their business. Moreover, The costs and benefits to an organization when they behave ethically.
These are a few keys aspect of suggestions on personal ethics in leadership, and when priorities for a leader will produce ethical and effective leadership. Ethical leadership may have many meanings. It may be a response to the ethic crisis in an organization whereas one call may be for more ethical leadership. Many organizations executives and businesses thinkers may believe that ethical leaders must set an example for his or her organization and to be successful with temptation that may occur in the future. These examples will reveal that the leader may have the correct values with strong character will show that the reality of ethical leadership is more complex, and stakes are high.
(Osmond, 2014) Accountants do not always follow the moral guidelines set out by the company’s managerial accounting and thus creating ethical problems within the business. The resultant effect of not following the set out moral values is that stakeholders lose confidence with the company’s financial stability. Ethics will be important in ensuring that the accountants always prepare the books of account in time and update them in time. The accountants will also be in a position to report correct, accurate and ethical information on the financial position of the organization (Osmond, 2014) Managerial accounting is characterized by forecasting for the future sales of the business. It focuses on the users of the company’s business details.
Scholars and practitioners have increasingly acknowledged the gap of trust between leaders and followers, which undermine employees’ commitment, impair wealth creation, and create increased transaction costs in organizations throughout the world (Caldwell et al., 2010). This indicates that leadership of a company needs to ensure that they develop an organizational culture that uses ethical stewardship to develop a sense of corporate trustworthiness among its various stakeholders so that it can enhance its sustainability in a highly competitive market. Leadership Behavior According to Gini (1998), ethical leaders are leaders who use their social power in their decisions, their own actions, and their influence on others in such a way that they act in the best interest of followers and not enact harm upon them by respecting the rights of all parties. Rather than focusing on the intent or motivation of ethical
As said in the textbook job satisfaction has a direct affect on customer satisfaction and the profitability of a company so if Foreman’s course can do what is pledges then it could have a positive effect on Albertsons profitability. 2. Positive worker attitudes have a large effect on the success of a business. Workers who come to work happy will work harder and do more to improve the company because they feel connected and pleased with their job. If a worker is not happy with their job they will not feel the need, or want to put in the extra effort to try and improve the areas of the company that need improvement.
Employees are the workforce of a company and they expect the organisation to provide them with security, safe working conditions, rewarding work, and fairness. If the employees are happy with their job they will work harder in the organisation. Also suppliers are part of the environment of an organisation and they expect to be paid in full by the agreed date. When the organisation doesn’t pay the suppliers by the agreed date, the suppliers will probably prefer to work with other organisations in the future. Managers should pay attention also to the communities where the customers and workers live; this is important for the reputation of the company.
Zander knew it was important to please his customers and grab their attention of new products. Zander’s statements to BizEd Magazine also show what type of leadership he plans on using. He states that ‘Companies that don’t innovate don’t survive, and leaders who don’t innovate are replaced by those willing to take risks. The key to success is to drive innovation.’ This statement does not only apply to just the business world but also everyday life, taking risks is part of living, but even more so in business if risk are not taking the only way to go is down. Risks have to be taken in order to succeed.