Contemporary Business Leaders : Anne Mulcahy

There is a great importance put on business leadership, this is directly due to how a business not only functions but in how fruitful the company can become. A great leader essentially can take a business plan that is weak yet turn it into a success, whereas a poor leader stands a higher chance of ruining the best of business plans. That is why it is essential to develop effective leadership throughout a companies entire management program at all levels. How does one develop or retain strong leadership? Companies must be focused on hiring strategies that encompass very specific parameters, building from within whilst creating a strong foundation for employee development and succession planning. Leadership is essential in any organization. The style and theory embraced determines whether the company will or will not achieve their goals. in all cases theory must be embraced, as a companies theory, style, and strategy is greatly dependent on the industry the company is in (Sadler, 2014). “The behavioral theory is one of the widely used theories of management. It suggests that leaders are made and not born. It gives room for training to install leadership traits in leaders at the expense of denying them a chance. There are various leadership styles embraced by companies (Cyert, & March, 2005).”  This paper takes a look at the management styles of two specific

It is easy to understand Solomon’s argument that unethical practices destroy the business and its key people. This has been proven by so many companies, such as Enron case, whose scandals have been unveiled to the public and the people who used to amass great wealth out of unethical practices are now behind bars. Even if they get out of prison, it will be difficult to imagine how they can recover from the negative image that the public already has on them.

In my opinion, there were several factors that lead to the Bell corruption scandal. First and foremost, there seemed to be no checks and balances to control Robert Rizzo and other city officials. Furthermore, they gradually eliminated any controls that were place were, eventually earning absolute control (Goffard, 2010, para. 46-47). This behavior extended to individuals as Rizzo built a city staff that would go along with his corruption (para. 39). However, I do think Rizzo influenced the unethical conduct of city officials. Just as Former HP CEO Carly Fiorina (2007) points out in the video Gauging Ethics in an Organization, leaders have to walk the walk when it comes to values. Prince (1995) highlights this principle as well, “the leader can influence the moral conduct of others by demonstrating the desired behavior” (p. 491). Indeed, the leader sets the tone. The city officials experienced a similar situation as the managers of H. J. Heinz during the 1970s. Rizzo created an unhealthy moral environment “where it does not make sense for a person to be honest, fair, loyal or trustworthy…[where]…doing what is morally right is more difficult than usual and sometimes requires great courage” (Ciulla, 1995, p. 493). Second, the local newspaper, The Industrial Post, went out of business leaving a void in government transparency and accountability. Third, the lack of citizen engagement resulting in poor turnout in elections and city council meetings made it easier

Ethical leadership is vital for the success of any business; this case study illustrates that the lack of moral values and a healthy ethically incline corporate culture, can lead to scrupulous behavior from the CEO all the way down the company. Scrushy had a demanding and cunning personality, and it was easy for his to influence others in his business to go along with the fraud. Also, having Stanwick and Stanwick, (2013) an active board of directors does have a positive impact on the performance of the firm. Also, good corporate governance supports the ethical requirements established by the stakeholders. A moral leader must cultivate a real ethically driven organization, which has no tolerance for unethical behavior.

In society nowadays, it seems as if corruption is always in the headlines. From political officials being degraded in the lust of money, to even leading businesses and exceptionally performed athletes. Every powerful person out there falls into the trap of financial success. In order to be the best, one must also have the most wealth right? Why is there such a thin line between honesty and success? Often people fall into a facade that once they're in a higher position, they must do whatever it takes, often lie, to remain in that position. Former governor of Illinois, Rod Blagojevich, was sentenced the fourteen years in prison, after being found guilty in many corruption scandals. Prior to the spread of his scandals, the citizens of Illinois

Being a good leader is done by making the correct choices and inspiring people to complete their tasks and work together as a team. In order to be a great leader you need to think outside the box and travel the road that is seldom or never traveled. A great leader will use their inspiration and determination to complete the tasks no matter what hurdles or problems they

Ellen Smith¹ was really proud of her career achievements, after all, she was responsible for starting up in this well-known multinational company in an emerging country in South America. Working long hours, studying management, training new employees, implementing new systems and indirectly being a general manager were just some of the tasks attributed to Smith. She was pretty sure that, when the time was right and the company was structured enough in the

Top executives within an organization exercise their due diligence to find the most effective and ethical leader to enhance the company. However, time after time organizations will uncover an ugly truth, that not all leaders, and employees alike have the best intentions and consistently behavior ethical. Ferrell, Fraedrich & Ferrell (2013), examines the scenario in which Warren Buffett discovered a leader for one of his conglomerate businesses, David Sokol acted unethically (p. 138). This leads to question whether Buffet was too trustworthy or should he be more intentional on making his leaders adhere to ethical compliance? In short, the answer to that question is “ that ethical leadership includes role modeling through visible actions,

According to Johnson (2012) leaders are powerful role models, and policies will have a little effect if leaders do not follow the rules they set. In Enron case, corruption and ethical misconduct were deeply embedded in their business culture where profitability was more important than ethics. In this paper, I will address the factors that had led to the development of the culture of profit before principle at Enron. Also, I will create my personal code of ethics that will guide me in my professional and personal decision making and doing the right thing when faced with ethical challenges.

It’s not very uncommon to see headlines of money hunger CEO’s or even a small group of decision making conducting unethical behaviors in their best interests. Generally, those conducting the unethical behaviors have the opportunity to gain from their actions. In the Wells Fargo scandal, this is not the case. This scandal was not acted out at the top, but yet through the front line employees. This scandal was also unusual due to the amount of

One of the key concepts of Commanding Heights is that capitalism needs to include ethical restraint (Scott). It is very clear that the lead players in the 2008 crisis did not display ethics or restraint. Many individuals displayed a lack of ethics because they were willing to engage in conflicts of interest. For example, academic leaders often served as consultants

It is only during moral lapses and corporate scandals that interest groups and the broader public ask themselves the fundamental ethical questions, who are the managers of the organization and were they acting with the ethical guidelines. For a long time, the issue of ethics was largely ignored, with organizations focusing on profit maximization. However, this has changed, and much attention is now focused on ethics management by researchers and leaders. The issue of ethics has arisen at a time when public trust on corporate governance is low, and the legitimacy of leadership is being questioned. Leaders are expected to be the source of moral development and ethical guidance to their employees.

As the CEO of Xerox Ursula Burns demonstrates many strengths and weakness, some of which stand out more than others. Ms. Burns is very innovative not only in her leadership style, but also in the products and services the company now offers. Last year in 2012,

Plato once asked whether you would rather be "an unethical person with a good reputation or an ethical person with a reputation for injustice." Ethical leadership has long been a debate in regards to its importance and place in the universal business world.

Leadership is by all means a special talent that not all people possess. A leader must also have ethics to be effective for the long term in the corporate world. These leaders generally implement ethical programs in order to influence an organizations climate (Yukl, 2010). I will evaluate the importance of ethical leadership and the role it plays into today’s organizations. In addition, I will discuss the repercussions a company may have when its leadership allows and even rewards unethical business practices. Lastly, I will apply my personal leadership perspective. My perspective will include the path-goal theory and ethical practices that I find important to