What is the CEO's role in all of this and 3. Can this work in your organization? If not, why? Using in-depth research as well as critical thinking, the analysis will support the view that Costco successfully uses the flexible leadership theory (FLT) and that the CEO is key to the success of the flexible leadership theory at Costco. The analysis will also show that, although the flexible leadership theory would be beneficial to APAC, it would not be supported based on the current culture of the company.
Week Two Learning Team Reflection During Week 1, we discussed the basic components of business research. We were shown how to recognize dilemmas and address issues related to corporate America, such as declining sales, increase in costs and any other issues that may have adverse impact on business. With that, business research becomes a problem solving tool in the decision making. However, ethics must first be weighed to ensure the social bottom line and productivity remains at its highest. Unethical behavior undermines positive gains.
Why are ethical behaviour and government regulations important to marketing? Ethical behaviour is used within many businesses to ensure the business provides accurate information to customers as well as other businesses to engage in fair competition. It is important for a business to have ethical behaviour in relation to the marketing side of the business so that goods produced, promoted then sold do not provide misleading information. If identified by consumers, it can have a major impact on all functions of the business as it has the potential to ruin the business’s reputation placing the business at a declining stage of the business’s life cycle. In a similar manner government regulations are also important and must be overviewed by all functions of a
DQ1: Review the case study Just Because it’s Legal, Is it Ethical in Perspectives in Business Ethics. How might bankruptcy law provide an outlet for unethical behavior? DQ 2: Consider the topic of air pollution. Discuss whether a business should go beyond what the law requires. How might a company be rewarded or punished for making an ethical or unethical decision?
When investors or shareholders are demanding the business to produce profit, managers must consider how to devise steps for transparency in their strategic plans to report factual business dealings. This consideration is parallel in up keeping high ethical and social responsibilities standards in their strategic planning process. Rules of disclosure and frequency of
Business Ethics Individual Assignment Due date: Thursday, November 29, 2012 Submitted by: Dwight S. Williams Summary of “The parable of the sadhu” An analysis of the parable written by Bowen H. McCoy has many thought-provoking discourse and debates but I would like to highlight three main points. 1. A lesson in Corporate Ethics --- if the organization does not inculcate a value system then managers may not be supported when the organization is faced with simple or complex ethical issues despite the moral standards of individuals. Ultimate moral standards may be similar but implementation approaches may differ and so moral justification must be based on sources external to the conscience of individuals. However, such a value system must be cognizant of and be sensitive to the individual needs and manage them to the benefit of the organization.
Analyze the ethical dilemma faced by Antonio The ethical dilemma that Antonio faced was weather to report the issue to the proper corporate officers himself, have Kevin Pfeiffer make his own decision regarding the issue, or ignore the issue altogether because the insurance proceeds will benefit the organization as a whole. What amplifies the dilemma is that there is no guaranteed result of either of the choices. If Antonio reports the issue to the insurance company, an investigation will be initiated and Antonio will put not only his job in jeopardy, but Kevin’s job as well. Create two strategies for addressing the situation at hand Antonio can make a decision using the utilitarian approach. The utilitarian approach is a strategy which emphasizes that the
The paper includes a list of all the actions executedby Goldman Sachs Inc which are defined in this paper as gray area practices. The paper alsopresents an ethical analysis of these gray area actions as well as all the parties that were affectedby the Goldman Sachs practices. Business Ethics The problem to be investigated is business ethics through the examination of ethicalpractices conducted by Goldman Sachs Inc and ethical gray areas which are situations and problems that don’ t fit neatly into any existing mode of ethical analysis within the business(Marshall, 2007). Business ethics are very important to inspire the employees and attract morewanting to work for the business. Business ethics are also important because if the business lacksgood ethics, this can damage the business reputation and make it less appealing to stakeholdersand that will lead to profit loss affect the whole business.
In term of politic that will affecting the 99 Speedmart is government policy. This is because the government policy gives opportunities for growth and profit an attractive manufacturing and export base in the region. Government commits to maintain the business environment that providing companies with the opportunities for growth and profit. However the changes in government policies may either affect positively or negatively. In negatively of the government policy is they can block business operations such as finance, marketing, or property and automatically it become risk for 99 Speedmart businesses.
This reflective journal argues that Corporate Social Responsibility (CSR) is an important factor to achieve successful performance within organisation and it is also similar responsibility being financially successful. As a person who worked in Business Strategic Planning and Development department of a big bank, I felt initially that CSR and the Law would have been a revision of Sustainability -which is related to the environment as many resources are irreversible and finite in quantity- with a twist of ethics. I believed that the phrases “fit and proper person” and “of good character” would easily translate to directors and companies and that the subject was merely catering for non-lawyers. I soon discovered that CSR and the Law is so much more than mere sustainability legal compliance; it is the synthesis of compliance and the broader meaning of ethos which transforms to structures and standards that guide a firm’s behaviour in the world of business. Is ethical behaviour though something we learn or is it part of our character?